Daily Market Updates

July 14, 2014

Stocks climbed today, with the Dow Jones testing its recent closing high, as investors welcomed better than projected earnings from Citigroup and a rise in corporate takeovers.  Investors are bracing for a slew of earnings releases this week, with nearly 60 companies on the SP500 slated to post.  Among those scheduled to report are JPMorgan Chase, Goldman Sachs Group, Yahoo and Intel.  At the end of the day, the Dow closed just… Read More ›

July 11, 2014

U.S. stocks staged a modest advance Friday, as investors weighed quarterly results from Wells Fargo and ready themselves for a slew of earning ahead. For the first quarter, investors “dismissed any bad news because of the severe weather,” said Bruce McCain, chief investment strategist at key Private Bank. He also said that “expectations for the second quarter earnings season have picked up more than he expected in recent weeks.” Banks including Citigroup,… Read More ›

July 10, 2014

Although the major indices closed in the red across the board today, the markets made a significant rebound off the lows of the day.  Investors dialed back their initial concern and panic that came with indications of trouble with one of Portugal’s top banks.  The unraveling came after Espirito Santo Financial Group, the biggest stakeholder in Portugal’s Banco Espirito Santo, suspended trading in it shares and bonds, citing “material difficulties” at parent… Read More ›

July 9, 2014

After back to back down days eliminated most of last week’s gains the rally was back on today after a better than expected earnings report last night from traditional first reporter Alcoa. In other earnings news it was a rough day for the Container Store after they reported a bigger than expected quarterly loss and earnings projections that were below estimates sending those shares 8.5% lower.   In other earnings news shares of… Read More ›

July 8, 2014

US stocks traded lower today as investors braced for the start of the quarterly earnings season.  There is some nervousness in the markets as investors are looking for proof that the US economy is going to pick up steam in the second half of the year.  With the market’s recent reach to all-time highs, equities are looking for a catalyst to move higher, which will probably be 2Q earnings season if they… Read More ›