Daily Market Updates

August 19, 2014

US stocks climbed higher, with the Nasdaq reaching a 14 year high, as economic reports offered a benign view on inflation and cast a better than anticipated light on the housing market.  We have seen less focus on geopolitical events the last few days and more focus instead on earnings and the underlying health of the economy.  At the end of the day, the major indices closed higher across the board: DOW  +80… Read More ›

August 18, 2014

U.S. stocks rallied Monday, with the Nasdaq Composite rising to a more-than-14-year intra-day high as Ukraine and Russia officials talked about a potential truce.  The price of oil fell to its lowest level in more than a year and a round of corporate deals bolstered investor sentiment sending the DOW Jones in to triple digit territory.  The National Association of Home Builders reported its monthly index of confidence among those building single-family… Read More ›

August 15, 2014

Stocks closed mixed for the day as geopolitical tensions were back in focus.  Headlining the news was the Ukrainian artillery that destroyed a “significant” part of a Russian armoured column that crossed into Ukraine during the night while Russia accused Ukraine of attempting to disrupt its humanitarian aid mission to eastern Ukraine and called for a ceasefire in the region to allow for the deliveries.  Next week, analysts believe investors will look… Read More ›

August 13, 2014

Yesterday was one of the lowest volume days thus far in 2014 and the market moved higher today despite a report that retail sales last month were flat, the weakest reading since January.  Nothing new on the geopolitical front brought buyers back. Stocks on the move today included shares of online game maker King Digital whose stock was down 23% after reporting inline earnings but disappointing revenue & active users and Macy’s… Read More ›

August 12, 2014

After one of the best rallies of the year on Friday, yesterday and today were spent digesting those gains as money managers try to decide what now.  Despite a better than expected quarterly earnings reporting season geopolitical concerns continue to weigh on the market.  Today we learned Russia is sending a convoy of 200 trucks to their border with Ukraine.  The trucks are reportedly loaded with humanitarian aid and will supposedly stop… Read More ›