Daily Market Updates

November 17, 2014

U.S. Stocks were mixed Monday, as comments by European Central Bank President Mario Draghi helped offset data that unexpectedly showed Japan was in a recession after a report showed their economy contracted 1.6% in the last quarter.  Monday’s U.S. economic reports had industrial production falling by .1% in October and separate data had manufacturing activity in New York State rising in November.  At the close, Dow +13 @17647 S&P 500 +1 @2041… Read More ›

November 14, 2014

US stocks traded modestly lower, with benchmarks not far from record highs, as investors tracked the price of oil and after several positive US economic reports.  October retail sales rose .3%, just above expectations, and consumer confidence jumped in November.  And thanks to a strong dollar and weak oil prices, we saw import prices falling in September the most in two years as it has become cheaper for Americans to buy goods… Read More ›

November 13, 2014

It has been a quiet trading week and the market moved higher in the early going with both the S&P & Dow Industrials hitting new all-time highs before profit taking. Quarterly earnings season is winding down and today shares of Cisco moved 2% higher after reporting better than expected sales and earnings and despite giving disappointing forward guidance and announcing their current CFO will be stepping down. Shares of Wal*Mart jumped to… Read More ›

November 12, 2014

Stocks were little unchanged today, as investors mulled the slowdown in Europe’s economy and earnings from Macy’s and other retailers. The major indices opened lower following action in Europe where shares closed sharply lower. In US economic data, wholesale inventories rose .3% in September versus expectations for a .2% gain.  At the end of the day, the markets closed mixed: DOW  -2 to 17612 SP500  -1 to 2038 NASDAQ  +14 to 4675 Gold prices closed… Read More ›

November 11, 2014

US stocks wavered today, with benchmarks setting intraday records, even as investors found little impetus to move decisively in one direction or the other.  The bond market was closed today in recognition of Veteran’s Day while the stock markets did remain open.  At the end of the day, the major indices closed slightly higher but near the flatline: DOW  +1 to 17614 SP500  +1 to 2039 NASDAQ  +8 to 4660 Gold prices closed +5.30 to… Read More ›