Daily Market Updates

February 19, 2019

Coming off a week that saw the Dow gain nearly 800 points bringing its 8-week rally to over 4000 points, this holiday shortened week began with the major averages trading quietly as all eyes continue to be on the U.S./China trade talks. The Dow opened -70 At the close: DOW +8 to 25891 S&P +4 to 2779 NASDAQ +14 to 7487 OIL +.50 to 56 GOLD +21 to 1339 (10 month high)… Read More ›

February 15, 2019

The Dow posted its 8th straight weekly gain, jumping on trade hopes. Chinese President Xi Jinping said trade talks between the US and China will continue next week in Washington as the two countries try to strike an agreement before an early March deadline. The President is considering extending the deadline by 60 days to give negotiators more time to come up with a deal. On the data front, industrial production for… Read More ›

February 14, 2019

The SP500 snapped a 4 day winning streak after the worst retail sales drop since 2009. Retail sales fell 1.2% in December which caused concerns for investors. The data came amid ongoing US-China trade talks. Bloomberg News reported President Trump may be willing to extend the trade deadline by 60 days. There was also an announcement midday that the President will sign the spending agreement from Congress to avoid a government shutdown… Read More ›

February 13, 2019

Stocks rose across the board for a second day on growing optimism for a trade deal as President Trump suggested he might be open to postpone the current deadline of early March so that both sides can reach a deal. Looking ahead, a trade agreement could reduce concerns about growth and allow the 2019 rally to continue. The Chinese President will meet with US delegates on Friday. There is also a good… Read More ›

February 12, 2019

News that Congressional negotiators had reached an agreement to fund the government and avoid another shut down was greeted with a nice rally at the open that gained ground throughout the day nearly erasing all of the losses from the worst December in nearly 100 years. The agreement does provide some border funding. The Dow opened +200 At the close: DOW +372 to 25425 S&P +35 to 2745 NASDAQ +107 to 7415… Read More ›