Daily Market Updates

November 29, 2016

Stocks traded slightly higher today on positive economic news in spite of pain in the energy sector as oil prices slid nearly 4% on a slew of negative comments ahead of OPEC’s meeting.  Oil ministers appear to be in damage control heading into tomorrow while non OPEC producers such as Russia hint at future meetings if outcomes fall short.  Even so, good economic news including an upward revision to 3rd quarter GDP… Read More ›

November 28, 2016

Stocks took a breather today trading lower in spite of a nearly 2% gain in oil prices.  Energy prices have been all over the board in the past couple of weeks on conflicting news ahead of this week’s OPEC meeting in Vienna.  Treasury yields have also backed off from recent highs down 4 basis points to 2.32% today and gold prices firmed holding about 14 points higher with an hour left in… Read More ›

November 23, 2016

After all three indices hit new record highs yesterday, US stocks closed mixed as investors digested a number of economic reports, including minutes from the Federal Reserve’s November meeting. The Fed minutes back the consensus that rates will likely be increased at December’s policy meeting. Other data released included the HIS Markit Manufacturing index for November, which showed a slight increase and the highest since October 2015, while consumer sentiment came in… Read More ›

November 22, 2016

Following a mixed morning session stocks surged into record territory today with the Dow holding above 19,000 with an hour left in the session.  Tech and Telecom companies led all gainers up about 2% while health care lagged keeping overall index gains modest throughout the day.  Oil prices held steady near $48 a barrel in anticipation of next week’s OPEC meeting along with the dollar index and treasuries that were about even… Read More ›

November 21, 2016

Stocks surged into record territory today led higher by the energy sector on a big gain in oil prices.  December oil futures were holding about $1.80 higher with an hour left in the session on optimism that OPEC is closing in on a deal to cut production.  The dollar also helped by pulling back from last week’s multi-year high while treasury prices edged slightly higher with the 10 yr yield dropping 3… Read More ›