Daily Market Updates

August 22, 2014

US stocks trading slightly lower, after the SP500 closed at a fresh new high yesterday, as investors weighed rising tension between Russia and Ukraine and comments from European Central Bank President Mario Draghi and Federal Reserve Chair Janet Yellen.  Both central bankers gave the market what was expected, with Yellen reiterating that slack remains in the US labor market even as the American economy continues to recover but rate hikes will likely… Read More ›

August 21, 2014

The SP500 knocked out its 28th record close for the year as US stocks continued their climb higher today.  Investors embraced upbeat economic reports and looked to a dovish message from Federal Reserve Chair Janet Yellen when she talks about the labor market in Jackson Hole tomorrow.  At the end of the day, we saw solid gains across the board: DOW  +60 to 17039 SP500  +5 to 1992 NASDAQ  +5 to 4532 Gold prices closed… Read More ›

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 ›