Daily Market Updates

October 6, 2015

US stocks traded in a narrow range today, attempting to extend a sharp two-day rally, as investors await the official beginning of 3Q earnings season.  In economic news, the August trade deficit came in at $48.3 billion, the widest in five months, and the IMF changed its global growth forecast for 2015 from 3.3% to 3.1%, citing weaker growth prospects for emerging economies. At the end of the day, the major averages… Read More ›

October 5, 2015

The Dow rallied over 300 points today as energy and industrials rallied.  The markets overall extended the recent recovery from correction levels, as investors await earnings reports and digested implications from Friday’s jobs data on the timing of a rate hike.  At the end of the day, all three major indices closed nearly 1.5% higher across the board: DOW  +303 to 16776 SP500   +35 to 1987 NASDAQ    +73 to 4781 10 year Treasury… Read More ›

October 2, 2015

Investors saw the best reversal in the markets in over in four years.  After trading down more than 250 points after the release of the jobs report, stocks rallied to close up 200 points.  The key jobs release came in below expectations with the creation of only 142,000 jobs versus the expected 203,000 jobs.  The news could now cool expectations that the Federal Reserve will start raising interest rates soon.  Average hourly… Read More ›

October 1, 2015

US stocks traded mostly lower, though well off the lows of the day, as investors weighed declines in oil and key domestic economic reports.  The major indices attempted to rise into positive territory but couldn’t hold gains as energy turned lower.  In economic news, the September ISM manufacturing index fell to the lowest level since May 2013; however, the month’s auto sales came in at 18.17 million, the highest run rate since… Read More ›

September 30, 2015

US stocks traded solidly higher today, following a rally in global markets, in an attempt to ease the pain of the worst quarter in four years.  Today marks the last day of the third quarter, tracking a near 7% quarterly loss and the worst since 2011.  Ahead of Friday’s key nonfarm payrolls data, the September ADP Employment report showed private companies added 200,000 jobs, better than expected.  All eyes will now be… Read More ›