Daily Market Updates

March 4, 2019

Stocks were volatile today, beginning the day over 100 points higher on trade hopes between the US and China as reports state negotiations are in the “final stages” with the two sides preparing for a possible summit at the end of March in Florida. The Dow reversed to an over 400 point loss, showing some struggle after the Commerce Department said construction spending dropped .6% in December which was below an expected… Read More ›

March 1, 2019

Stocks rose on the first day of the month as investors built on the market’s strongest start to a year in nearly three decades. Investors digested mixed economic news along with optimism over China trade. In economic news, the ISM released data showing US manufacturing activity expanded at its slowest pace since November 2016. Meanwhile the University of Michigan consumer sentiment index came in below expectations. On the other end of the… Read More ›

February 28, 2019

Stocks traded slightly lower today as investors digest a busy week of economic releases, continued China/US trade developments and the US North Korea summit. President Trump cut the summit short with no agreement after the two leaders were unable to reach a deal, with no plans for a third summit. And in US economic news, the read for 4Q GDP came in at a better than expected 2.6%. Though there will be… Read More ›

February 27, 2019

The week started off with 2 quiet days of trading as investors waited to see how the market would handle Cohen’s testimony today and the market did edge lower at the open today and dropped the lows of the day as his testimony began. At the close: DOW -73 to 25,985 S&P -1 to 2,792 NASDAQ +5 to 7,554 OIL +1.5 to 57 GOLD -7 to 1321 In corporate news shares of… Read More ›

February 26, 2019

Stocks traded in a choppy session today, boosted by a slight gain in the technology sector. The tech gains helped offset the early morning losses that came after weaker-than-expected Home Depot earnings, mixed economic data and testimony from the top-ranked Federal Reserve official. On the economic front, housing starts were weaker than expected, falling 11.2% in December and reached their lowest level since September 2016. Home prices also rose in December at… Read More ›