Daily Market Updates

April 20, 2015

After opening sharply higher, U.S. Stocks extended their gains on Monday amid an unexpected stimulus from China’s central bank.  On Sunday, China’s central bank lowered the reserve requirement ratio for all banks by 100 basis points.  Investors continued to monitor the release of more corporate earnings, along with continued negotiations between Greece and the euro zone.  At the close, Dow +208 @18034 S&P 500 +19 @2100 Nasdaq +62 @ 4994 Gold finished… Read More ›

April 17, 2015

US stocks traded sharply lower today, following a global decline in equities on renewed Greece concerns and new Chinese trading regulations.  The new government regulation in Chine will expand short-selling and limit over-the-counter margin trading.  The major averages had their worst day since March, with the Dow Jones off as much as 350 points at one point.  At the end of the day, we closed in the red across the board, but… Read More ›

April 16, 2015

Stocks traded mostly higher today and attempted to hold those gains into the close as investors digested domestic data and earnings reports and as oil prices rose, settling near a high for the year.  In economic news, US March housing starts showed a .926 million unit rate, which was below expectations.  The usual weekly initial jobless claims came in at 294,000, above expectations and a slight increase from the prior week.  At… Read More ›

April 15, 2015

U.S. Stocks traded higher Wednesday as oil hit new highs for the year with investors digesting more financial earnings and economic reports.  The energy sector rose more than 2% to lead the S&P 500 for a second straight day.  WTI crude oil hit its highest level in 2015 after a report showed a less-than-expected increase of 1.3 million barrels in weekly inventories.  The Fed’s Beige Book noted improvements in residential real estate… Read More ›

April 14, 2015

US stocks traded mostly highly across the board as investors digested the first of the major earnings reports and moderate economic data.  In economic news, the Producer Price Index showed an increase of .2% in March, in line with expectations and breaking four consecutive months of declines while retail sales showed an increase of .9%, slightly below expectations.  At the end of the day, the major indices closed mixed with the Nasdaq… Read More ›