Daily Market Updates

May 18, 2015

US stocks extended their gains today, with the Dow and SP500 posting new record highs, as investors awaited the bulk of the week’s housing data and mostly shook off earlier concerns about Greece’s ability to pay back its creditors.  The only data out today was the National Association of Home Builders’ survey, which showed builder confidence slipping two points is May and missing expectations of a slight gain.  At the end of… Read More ›

May 15, 2015

US stocks traded slightly higher today, as investors eyed lower bond yields and the dollar, amid data releases.  US Treasury yields extended recent declines, with the 10-year yield edging lower to 2.14% and the 30-year yield at 2.92%.  In economic news, industrial production fell for the fifth straight month, the Empire Manufacturing data showed a reading below expectations and consumer sentiment came in lower than expected.  At the end of the day,… Read More ›

May 14, 2015

US stocks traded solidly higher today, bouncing from yesterday’s muted trade, as investors watched the dollar and calmer bond markets, amid mixed economic data.  Weekly jobless claims came in at 264,000, slightly below expectations with the initial filings for unemployment benefits per week remaining near 15 year lows.  Separately, the producer price index for April fell .4%, missing expectations for a slight gain.  At the end of the day, the major indices… Read More ›

May 13, 2015

US stocks traded near the flatline today as investors eyes bond yields, which held below recent highs, and some weak economic data.  The retail sales report for April was flat, below estimates of a .5% gain.  Expectations were for the data to show modest growth, partly due to the warmer weather, but the results instead show a more cautious and slowing consumer.  At the end of the day, the major indices did… Read More ›

May 12, 2015

US stocks traded in a narrow range, paring sharp losses as investors found some relief from a slight recovery in the bond market.  The benchmark 10 year Treasury bond yield traded near 2.27% after touching a 6 month high of 2.366%.  Despite the decline in equities, most analysts noted the major indices remain near records and are confident in the stock market’s long-term ability to move higher.  At the end of the… Read More ›