Daily Market Updates

November 15, 2017

The markets fell today with the bull market showing signs of fatigue.  Uncertainty around tax reform coming by year-end also grew, worrying investors.  Oil, financials and consumer discretionary stocks led the way lower.  In economic news, retail sales rose .2% last month, slightly better than expected while the consumer price index edged up .1% in October.  Here’s a look at how Wall Street finished the day: DOW  -138 at 23271 SP500   -14 at… Read More ›

November 14, 2017

US stocks fell today as General Electric shares slumped for a second straight day.  Concerns about a potential global economic slowdown and US tax reform also dampened investor sentiment.  In economic news, Chinese data released overnight on retail sales, industrial output and fixed asset investment growth all missed expectations.  At the end of the day, the major averages did close in the red across the board: DOW  -30 at 23409 SP500   -5 at… Read More ›

November 13, 2017

US equities closed slightly higher for the day, but a decline in General Electric shares, coupled with worries about tax reform, capped gains in the major indices.   Market sentiment has been on edge as of late, with investors wondering whether the government will get tax reform done at all this year and if so, whether the corporate tax cut could be delayed until 2019.  Here’s a look at how we finished the… Read More ›

November 10, 2017

The Dow and SP500 broke their 8 week winning streak as the markets extended yesterday’s losses into todays’ trading session.  With all the major indices hitting record highs last week, we are now seeing some consolidation as investors digest the Senate tax plan and corporate earnings.  Worries about a pullback in high-yield bonds also pressured stocks this week, which have served as a leading indicator for risk appetite in the past.  At… Read More ›

November 9, 2017

The markets experienced a roller coaster session as tax reform was front and center.  At one point during the day, the Dow dropped over 250 points but clawed back to recover much of the loss at the end of the day.  The biggest concern in the markets was that the tax reform could be delayed to 2019 as the Senate Republicans passed their plan which will head to the floor for a… Read More ›