Daily Market Updates

February 25, 2015

U.S. Stocks traded in a narrow range Wednesday after closing at record highs Tuesday, amid firming oil prices and moderate housing data.  Fed Chair Janet Yellen’s second day of congressional testimony was also in view.  In economic news, new U.S. single-family home sales in January fell a less-than-expected .2% to 481,000 and supply rose to its highest level since 2010.  At the close, Dow +15 @18224 S&P 500 -1 @2113 Nasdaq -1… Read More ›

February 24, 2015

The market opened little changed today ahead of day 1 of Fed Chief Yellen’s semi-annual congressional testimony but steadily gained ground into record territory as the testimony contained no surprises. Stocks on the move included First Solar (FSLR) & Sun Power (SPWR) as the shares of both companies closed with double digit percentage gains on news the two solar power giants are in advanced talks about combining some of their assets and… Read More ›

February 23, 2015

U.S. Stocks pulled back from Friday’s highs to trade mixed on Monday, as investors anticipate Federal Reserve Chair Janet Yellen’s remarks over the next two days before both houses of Congress.  Investors are also awaiting the presentation of Greek reform proposals following the four-month extension from the Eurogroup Friday.  And, in economic news, existing home sales dropped 4.9% in January to their lowest level in nine months.  At the close, Dow -24… Read More ›

February 20, 2015

U.S. Stocks rallied on Friday to trade at all-time highs amid reports that Greece came to a resolution with the euro zone over its debt.  Greece and euro zone finance ministers reached a deal on Friday to extend the Greek bailout by four months.  In economic news, the Markit PMI Manufacturing flash came in at 54.3, with data showing that production levels rose at their fasted pace in four months.  At the… Read More ›

February 19, 2015

The market moved lower at the open after a report on crude oil showed a continued build in inventories that sent oil and oil related stocks, making up about 15% of the S&P 500, lower.  Indices with no oil exposure had a decent day while others lagged. Stocks on the move today included B J’s Restaurants whose shares were 15% higher after the company reported sales and earnings that were well above… Read More ›