Daily Market Updates

April 11, 2018

Stocks opened the day lower after Trump warned Russia of a possible missile strike on Syria, with gold and US Treasurys’ rising on the news.  The threat from Trump comes after Russia’s ambassador to Lebanon told local media that Russia would shoot down American missiles headed Syria’s way.  In earnings, BlackRock and Delta Air Lines kick off the 1Q season tomorrow while major financials report Friday.  At the end of the day,… Read More ›

April 10, 2018

The major indices rallied today as China’s President alleviated trade war fears.  He discussed plans to further open up the country’s economy, with measures including lowering import tariffs on autos, enforcing legal intellectual property of foreign groups and reducing duties on other consumer products.  Separately, investors are looking forward to the end of the week when 1Q earnings kick off.  At the end of the day, the major indices closed solidly higher… Read More ›

April 9, 2018

Stocks traded higher on the day as the Trump administration tried to soften its tone regarding US – China trade relations.  Strong gains in tech also helped the major indexes surge, with Facebook, Amazon, Apple and Alphabet leading stocks higher.  Separately, corporate earnings are on the minds of investors as earnings season kicks off later in the week.  Several large financial companies including BlackRock, Citigroup, JP Morgan Chase and Wells Fargo are… Read More ›

April 6, 2018

After Wednesday’s 750 point intraday upside reversal, we expected to see follow through yesterday and the Dow did manage to gain another 240 points, after rallying 1100 points off Wednesday’s low.  Today the market open lower after news a fewer than expected 103,000 new jobs were added in March, the fewest in 6 months, and continued concerns about a trade war with China.  There could also be some simply profit taking after… Read More ›

April 5, 2018

The markets continued their rebound rally, with technology helping to lead the move higher.  The positive moves today come after a wild trading day on Wall Street yesterday with the Dow rallying more than 700 points from its session low to close up over 200 points.  Yesterday’s ADP report showed private companies added a more than expected 241,000 jobs and investors will now look to the US employment report due out tomorrow… Read More ›