Daily Market Updates

September 20, 2016

On the heels of disappointing housing data, U.S. stocks traded slightly higher Tuesday as investors await the latest monetary decisions from the Federal Reserve and Bank of Japan.  In U.S. economic news, housing starts came in at an annualized rate of 1.14 million units in August, well below expectations.  Housing starts and permits were two of the last data sets released as the Fed began its two-day policy meeting on Tuesday.  Market… Read More ›

September 19, 2016

Stocks began the day with a nice rally as the Dow briefly rose more than 100 points before falling back into negative territory on stronger than expected data for home builder’s sentiment.  The broad indices then reversed to the upside and ended near the flat line as trading closed.  The dollar was lower helping energy and gold prices while treasuries were mostly unchanged. Dow – 3 to 18,120 S&P 500  even at… Read More ›

September 16, 2016

Stocks traded lower today as investors responded to data that showed inflation running above expectations in August.  After weeks of trading in a narrow range on low volume, volatility suddenly returned to the markets following comments of various Fed officials leading up to next week’s FOMC meeting.  Treasurys also traded lower today with the two-year note at 0.77 percent and the 10-year around 1.70 percent. Dow – 89 to 18,123 S&P 500… Read More ›

September 15, 2016

Stocks moved strongly higher today on a slew of unimpressive data points that could influence fed officials in next week’s FOMC meeting.  Oil prices also firmed slightly helping energy stocks and Apple continued its impressive march adding another 3% in midday trading.  The dollar was little changed and treasuries were mixed with the 10 year yield hanging around 1.7%. Dow + 178 to 18,212 S&P 500 + 21 to 2147 Nasdaq +… Read More ›

September 14, 2016

Stocks began the day in positive territory but turned negative as the session progressed led lower by energy stocks on another tough day for oil prices.  The dollar also fell slightly against most major currencies helping treasuries and gold take back some of the ground lost earlier this week.  Best news of the day, Fed officials have entered their quiet period leading into next week’s FOMC meeting.  Enjoy it while it lasts…. Read More ›