Daily Market Updates

June 17, 2016

US stocks traded lower today, with health care and tech stocks lagging, amid continued uncertainty ahead of next week’s scheduled Brexit vote.  Although stocks closed off the lows of the day, they still traded nearly 1% lower for the week.  Here’s a look at how we finished the day: DOW  -59 at 17673 SP500   -6 at 2071 NASDAQ    -44 at 4800 10 Year Treasury closed up 5.5 basis points to yield 1.62% Oil… Read More ›

June 16, 2016

US stocks came well off session lows as selling in the British pound eased against the US dollar.  All campaigning around the Brexit was suspended by UK Prime Minister David Cameron following the news that a Parliament Member died from a shooting earlier today.  In other international news, Japan kept their monetary policy the same overnight and did not offer any additional stimulus.  At the end of the day, we saw buyers… Read More ›

June 15, 2016

US stocks traded higher for most of the day but turned lower at the close, following the conclusion of the Fed meeting. The Federal Reserve kept rates unchanged at its June meeting and six members projected only one hike this year. Janet Yellen did stress that the Brexit vote was one of the factors in the rate decision but at the end of the day, there was much uncertainty left on the… Read More ›

June 14, 2016

Stocks traded mostly lower today with the Dow slipping as much as 130 points in mid day action. Investors can’t seem to shake off concerns about the upcoming BREXIT vote next week as polls indicate surprising strength in the movement for England to leave the Euro Zone. Countering those concerns is a general sense that Janet Yellen’s comments are likely to be dovish following the FOMC meeting that ends tomorrow morning. Dow… Read More ›

June 6, 2016

U.S. stocks traded lower today, as investors looked ahead to this week’s Fed meeting and the upcoming U.K. vote on whether to leave the European Union.  The markets staged a rally from the initial selloff into positive territory only to fall again in afternoon trading and the VIX volatility index jumped 23% showing new concerns about potential market disruptions. Dow – 132  to 17,732 S&P 500 – 17  to 2079 Nasdaq –… Read More ›