Daily Market Updates

July 19, 2017

U.S. equities traded higher Wednesday as investors digested key housing data and more quarterly earnings.  The S&P 500 rose about half a percent hitting a new record high and the Nasdaq added about 0.6 percent also notching a record high. Meanwhile the Dow Jones traded about a quarter percent higher, with Boeing contributing the most gains.  Perhaps most notable was that oil broke out of its trading range to close above $47 for the… Read More ›

July 18, 2017

U.S. equities traded mixed Tuesday following an early downturn sparked by continued problems with healthcare reform legislation in the Senate. The Dow Jones had been down nearly 160 points before recovering to hold about 50 points lower heading into the final hour of the session.  The S&P 500 also reversed early losses to close about even in spite of disappointing trading revenues at Goldman Sachs and Bank of America.  Meanwhile, the Nasdaq… Read More ›

July 17, 2017

U.S. equities fluctuated around the flat-line Monday as investors geared up for a slew of earnings reports later this week.  Within the S&P 500 consumer discretionary led advancers while health care companies lagged on concerns about healthcare reform.  The Dow Jones industrial average and Nasdaq were also little changed while smaller companies as represented by the Russel 2000 touched a new record high before falling back to hold about a quarter percent higher in the… Read More ›

July 14, 2017

The major indices all rallied their way through the day, with the SP500 hitting new record highs, as the markets bet on a strong earnings season. The indices have overcome several hurdles recently including the weakness in the tech sector to close out the first half of the year and the headlines regarding Russia’s involvement in the US election. At the end of the day, investors are eagerly awaiting the start of… Read More ›

July 12, 2017

U.S. equities rose on Wednesday as investors found Janet Yellen’s testimony to congress far more dovish than expected. While touching on plans to reduce the size of the Fed’s balance sheet she made no commitments on when they would begin or how aggressive the tightening process will be. The S&P 500 responded gaining nearly one percent, with real estate and energy leading advancers while the Nasdaq composite rose more than one percent… Read More ›