Daily Market Updates

October 15, 2014

Stocks plunged today following continued global economic concerns and Europe’s market selloff from yesterday along with the nervousness over a second patient now testing positive for the Ebola virus in Texas.  Stocks continued the downward trend after the Fed released its “Beige Book” that said the economy is growing at a “modest to moderate” pace.  At the lows of the day, the Dow traded down more than 450 points, but buyers stepped… Read More ›

October 14, 2014

Stocks rebounded slightly today from the worst three-day drop we’ve seen since 2011, which pulled the Dow into negative terrain for the year and the SP500 off 7% from its most recent highs.  The jump came as investors considered earnings from several banking powerhouses and other companies.  Earnings are coming in reasonably good but the market is a forward-looking mechanism, so it is really a reaction to the outlook for 4Q earnings… Read More ›

October 13, 2014

US stocks fells for a third session today, with the SP500 closing below its 200-day moving average and the Nasdaq Composite off 8.6% from its September record, as investors await earnings and fretted signs of a slowing global economy.  During the weekend, Federal Reserve officials said the central bank might move more slowly on raising interest rates if weak growth overseas threatens the US recovery.  The earnings season picks up this week,… Read More ›

October 10, 2014

US stocks traded lower again today, extending the drop that has the SP500 erasing its biggest rally in a year, with equities falling to session lows after Standard & Poor’s downgraded the outlook for France to negative from stable.  Adding insult to injury after the bell yesterday was a revenue warning from the CEO at Microchip Technology.  Separately, in US economic news, US import prices fell in September for a third month… Read More ›

October 9, 2014

The volatility that saw the market drop 273 points on Tuesday, only to rebound 274 points yesterday, went to a new level today with a 3rd consecutive day recording a move of more than 200 points. Stocks on the move include the GAP whose shares dropped 12% after the surprise announcement that their 52 year old CEO is retiring after just 7 years on the job.  He gets much of the credit… Read More ›