Daily Market Updates

January 6, 2017

With the Dow Jones Industrial Average coming within a fraction of a point from hitting 20,000, U.S. stocks rose to all-time intra-day highs Friday as investors pared through key employment data and a rising dollar. Stocks and Treasury yields have skyrocketed since President-elect Donald Trump’s victory amid the prospects of looser regulations in certain sectors, lower tax rates, and fiscal stimulus.  In economic news, the U.S. economy added 156,000 jobs in December,… Read More ›

January 5, 2017

Stocks traded mixed today with financial stocks leading decliners on uncertainty over Donald Trump’s trade policies and mixed economic data.  On the data front, ADP said private employers added 153,000 jobs last month against expectations of 170,000.  Meanwhile, weekly jobless claims came in at 235,000, below consensus estimates of 260,000.  At the end of trading… Dow – 42 to 19,899 S&P 500 – 1 to 2269 Nasdaq + 11 to 5487 Gold… Read More ›

January 4, 2016

Stocks headed higher again today with consumer discretionary and materials companies leading as investors digested the Federal Reserve‘s December meeting minutes that mention concerns that coming fiscal stimulus could raise demand above sustainable levels.  Energy prices bounced back from yesterday’s decline while gold continued slightly higher and treasury prices remained steady.  At the end of trading… Dow + 60 to 19,942 S&P 500 + 12 to 2270 Nasdaq + 48 to 5477 Gold +… Read More ›

January 3, 2017

Stocks started the day with an impressive rally sending the major indexes nearly one percent higher before pulling back in mid-day action while oil prices spiked to an intraday high of $55.24 a barrel before dropping under $53 through the afternoon session.  Meanwhile, bonds were little changed with the 10 year treasury stable at 2.45% and gold rose about half a percent in spite of continued dollar strength.   At the end of… Read More ›

December 30, 2016

In the final trading session of the year, U.S. stocks closed lower Friday as the three major indexes failed to end a two-day skid.  As of Thursday’s close, the Dow Jones was down a little more than half of a percent this Holiday shortened week and posted its first negative week since before the election.  In U.S. economic news, the final data report for 2016 had the Chicago PMI for December coming… Read More ›