Daily Market Updates

May 19, 2017

U.S. stocks traded higher for the second consecutive day continuing to rebound from Wednesday’s sharp decline.  The Dow Jones rose as much as 173 points with Boeing and Caterpillar leading while the S&P 500 rose more than half a percent with industrial component John Deere holding a 7% gain in the last hour of trading.  Meanwhile the dollar index fell three quarters of a percent helping oil close above $50 for the… Read More ›

May 18, 2017

U.S. stocks traded higher on Thursday, recovering from the worst day of 2017 as investors regained confidence in Trump’s ability to move forward with his pro-growth agenda.  The rally began after reports surfaced that James Comey testified earlier this month that he was never pressured to end an FBI probe.  The Dow Jones and S&P 500 were holding about half a percent higher late in the session while treasuries and gold gave… Read More ›

May 17, 2017

U.S. stocks traded broadly lower Wednesday on concerns that the drama in Washington could endanger the progress of Trump administration reforms.  That could prove important as markets have rallied strongly since the election on expectations of reform driven growth.  The Dow and S&P 500 were holding about 1.5% lower with an hour left to trade but weakened into the close ending the day down nearly 2%.  Treasuries rallied sharply with the 10yr… Read More ›

May 16, 2017

U.S. stocks traded mixed Tuesday with both the S&P 500 and Nasdaq touching new intraday highs before moving back toward even as the session progressed.  Energy and healthcare companies led decliners on a slight pullback in oil prices and a downgrade of pharma giant Pfizer.  Meanwhile the dollar fell nearly 1% helping bonds and gold.  Treasury yields dropped 1 basis point to 2.33% and gold continued higher adding to gains made in… Read More ›

May 15, 2017

U.S. stocks traded higher Monday with the Nasdaq and S&P 500 making new highs and the Dow Jones back within striking distance of 21,000.  Dow components Cisco Systems and Johnson and Johnson led the index holding nearly 3% higher in the last hour of the session.  Energy companies also gained on a continued rally in oil while treasury prices remained stable with the 10 yr yield unchanged at 2.34%.  At the end… Read More ›