Daily Market Updates

April 13, 2017

U.S. Stocks traded lower Thursday with financials giving up early gains to fall more than 1% in spite of better than expected earnings.  The Dow also gave up early gains to trade more than 100 points lower following news that the US dropped one of its massive MOAB bombs in Afghanistan.  That sparked safe haven investing driving Treasury and gold prices to the highest levels we’ve seen since last fall.  Oil prices… Read More ›

April 12, 2017

US stocks traded lower today as investors assess the geopolitical landscape that has been brewing ahead of a highly anticipated earnings season.  Secretary of State Rex Tillerson visited Moscow today to discuss Russian and US relations after the airstrike on Syria last week and the markets are digesting nuclear weapon threats from North Korea.  At the end of the day, the major averages closed in the red: DOW  -59 at 20591 SP500   -8… Read More ›

April 11, 2017

U.S. Stocks traded lower Tuesday on increased geo political and fiscal policy uncertainty.  Markets had been taking things in stride but the combination of trouble in Syria, N Korea, and tensions with Russia pushed the Dow lower by about 100 points before recovering as the session progressed.  We’re also facing a budget battle over the debt ceiling limit that expired last month.  Treasury prices rallied with the 10 yr yield falling by… Read More ›

April 10, 2017

Quiet day on Wall Street Monday as stocks moved slightly higher holding gains of about two tenths of a percent in the last hour before slipping into the close.  That in spite of another nice move in oil today, up more than 1% following last week’s impressive rally and strength in the retail sector.  Many observers believe the markets are in a holding pattern until earnings reports begin later this week and… Read More ›

April 7, 2017

U.S. Stocks hovered above the flat line most of the day following last night’s surprise cruise missile attack on Syria and a disappointing jobs report this morning.  The U.S. economy added 98,000 jobs last month, well below the expected gain of 180,000 but the market took that in stride as month to month jobs numbers are known to be volatile.  New York Fed president Dudley also calmed markets with his comment that soft… Read More ›