Daily Market Updates

July 25, 2014

US markets sold off today despite positive economic data as weak earnings reports by Amazon and Visa and concerns over continued unrest in Ukraine and Gaza weighed on markets.  Investors are hesitant heading into the weekends with the continued geopolitical issues.  On the economic front, orders for long-lasting US manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the 2Q.  At the end… Read More ›

July 24, 2014

US stocks traded mostly flat for the day, with the SP500 fluctuating near its record high, as investors considered mostly upbeat earnings and mixed economic reports.  On the economic front, Commerce Department figures showed sales of new homes fell 8.1% in June and a separate government report had jobless claims coming in at 284,000 last week, less than the 308,000 expected by analysts.  At the end of the day, stocks were little… Read More ›

July 23, 2014

US stocks mostly rose today, with the SP500 hitting another record, as investors weighed corporate earnings, including results from Boeing and Apple.  We’re seeing improving sales and improving earnings and the market has been reacting to that in a positive way.  At the end of trading, the major indices closed mixed, with the Dow the only index in negative territory: DOW  -26 to 17086 SP500  +3 to 1987 NASDAQ  +17 to 4473 Gold prices closed… Read More ›

July 21, 2014

US stocks mostly fell today as global disapproval of Russian President Vladimir Putin increased after the downing of a passenger plane in Ukraine and amid international calls for a truce in the Israeli-Palestinian conflict.  We have a slew of earnings reports coming through this week so investors will be watching closely whether the corporate results will be affected much by the geopolitical events around the world.  Currently, with the SP500 companies that… Read More ›

July 18, 2014

U.S. stocks rose on Friday, with the S&P 500 rebounding after its largest drop in three months.  Investors drew cheer from the latest round of corporate earnings and found solace in the view that geopolitical tensions appeared contained.  Wall Street offered little reaction to economic reports that had leading indicators up .3% in June.  And, separately, the Thomson Reuters/University of Michigan’s initial July reading on consumer sentiment came in at 81.3.  At… Read More ›