Daily Market Updates

December 17, 2018

The major indices were down close to 6% for the month as of last Friday and stocks plunged lower today again as investors worry over the Federal Reserve’s plan with interest rates. The Feds meet for their 2 day meeting on monetary policy tomorrow and will announce their decisions on Wednesday. It is widely expected they will increase rates this month but investors will watch closely for signs into next years’ plan…. Read More ›

December 14, 2018

Stocks fell sharply lower today as weaker than expected data out of China and Europe exacerbated concerns of a global economic slowdown. China reported industrial output and retail sales growth numbers for November that missed expectations. This is the latest sign shown by China that its economy may be slowing down. Investors are still watching the ongoing trade talks closely and today, China said it would suspend an additional tariff on US… Read More ›

December 13, 2018

Stocks seesawed today while investors digested new developments in the ongoing US-China trade war and Wall Street’s volatile week approached its end. Yesterday Reuters reported Chinese state-owned companies had bought at least 500,000 tons of US soybeans which was the first major US soybean purchase in more than six months, a positive sign out of China. President Trump also said he would intervene in the case against the Huawei CFO if it… Read More ›

December 12, 2018

The Dow opened 350 points higher yesterday on China trade news but gave up the entire gain by the close.  More optimism about a China trade deal today sent the Dow 300 points higher at the open but, unlike yesterday, the opening advance held throughout the day until a sell program in the last 5 minutes erased half the gain. At the close: DOW +157 to 24527 S&P +14 to 2651 NASDAQ… Read More ›

December 11, 2018

The volatility we have been seeing for the past few weeks continued today with the Dow Industrial average trading within a nearly 600-point range before closing modestly lower.  Good news on China trade sparked a 360- point rally at the open that turned into a 200 point loss on concerns about a government shutdown. At the close: DOW -53 to 24,370 S&P -1 to 2637 NASDAQ +11 to 7032 OIL +.70 to… Read More ›