Daily Market Updates

October 24, 2014

U.S. Stocks climbed on Friday, adding to weekly gains, as quarterly results from Microsoft and Proctor & Gamble inspired investor enthusiasm.  Amazon dropped sharply after the online retailer offered a weak sales outlook for the important holiday quarter and their third-quarter results came in below estimates.  In economic news, data had new-home sales rising by .2% to a six-year high in September.  At the close, Dow +127 @16805 S&P 500 +13 @1964… Read More ›

October 23, 2014

US stocks surged today, lifting the Dow back into positive terrain for the year, following several strong earnings reports and as an unexpected increase in euro-zone manufacturing eased worries about the global economy.  Equities did pare gains slightly in late trading as New York City’s Bellevue Hospital said it was testing a doctor who recently returned from West Africa for Ebola after he exhibited some symptoms consistent with the virus.  At the… Read More ›

October 21, 2014

US stocks surged, with the SP500 and the Nasdaq extending gains into a fourth day, as investors embracing strong earnings from several key corporations.  Benchmark indices also held and then added to gains after a report showed sales of US existing home sales in September increased to a one-year high.  Internationally, China’s GDP grew 7.3% year-on-year which is the slowest pace in nearly six years but still above the forecasts for a… Read More ›

October 20, 2014

US stocks climbed for a third session, as expectations for Apple’s quarterly results outdid disappointment that came with a reduced outlook from IBM.  Because Apple is such a visible stock, it’s a bellweather for the consumer in a way that many other companies are not so the markets will watch their earnings report closely for signs as to how much the global economic slowdown is affecting corporations here in the US.  At… Read More ›

October 17, 2014

After a very volatile week, we saw stocks surge today, softening the weekly losses, as investors bet on further stimulus from central banks and as earnings continue to come in topping expectations which helped trigger more buyers into the beat up markets.  The earnings season has been coming along beautifully with companies not talking down the next quarter or next based on currency or the slowing Europe economy.  We also saw improved… Read More ›