Daily Market Updates

June 25, 2015

US stocks opened higher this morning but struggled to remain in positive territory as investors eyed ongoing negotiations between Greece and its creditors after a meeting concluded ending without a deal being struck.  Another meeting is scheduled for this Saturday as the June 30 deadline approaches.  In US economic news, weekly jobless claims came in slightly below analysts expectations, US consumer spending rose .9% for the month of May, its largest gain… Read More ›

June 24, 2015

Belief that a resolution of the Greek debt crisis was imminent had sent the market 500 points higher in the last week so news today that there is no agreement in site sent the market triple digits lower. The Dow opened -55 At the close:  DOW -177 to 17966  S&P -15 to 2109  COMP -37 to 5122  OIL -.75 to 60.25  GOLD -3 to 1173 In corporate news Netflix has been a great… Read More ›

June 23, 2015

Amid a stronger dollar, U.S. Stocks finished higher Tuesday as investors digested the release of more domestic data reports for further signs of economic improvement.  The Nasdaq Composite touched a fresh intraday high after a record close Monday.  In economic news, U.S. new home sales rose 2.2% in May to a seven-year-high.  And, U.S. durable goods data for May showed a decline of 1.8%.  The core figure of non-defense capital goods orders… Read More ›

June 22, 2015

U.S. Stocks rallied on Monday as investors remained optimistic on a deal between Greece and its creditors.  A group of euro zone finance ministers concluded a meeting in Brussels and will meet again later in the week on the Greek debt crisis.  The ECB has raised the ceiling on emergency liquidity for Greek Banks three out of the last six days.  In economic news, U.S. existing home sales jumped 5.1% in May… Read More ›

June 19, 2015

U.S. Stocks traded lower Friday following the Nasdaq’s record close as investors eyed the Greece debt saga amid quarterly options expirations.  At an emergency summit on Monday, euro zone officials are expected to discuss how to handle a Greek default if no additional Greek reform proposals arrive.  Overseas, the Shanghai Composite tumbled 6.4% for its worst weekly decline in 7 years with property and banking stocks leading the index lower.  At the… Read More ›