2019 Archive: Day Traders Diary
December 31, 2019
The major averages rebounded into the close wrapping up a banner year that saw equities surge to record highs, overcoming concerns about the economy and a trade fight with China. The S&P 500 climbed 0.3% to 3,230. The Nasdaq Composite also advanced 0.3% and ended the day at 8,972. The... Read More
December 30, 2019
The major averages pullback from all-time highs on Monday as investors took off some risk on the second-to-last trading day of a historic year for equities. The Dow Jones Industrial Average dropped 183 points, or 0.6%, to 28,462 while the S&P 500 fell 0.5%, or 18.73 points, to 3,221. The... Read More
December 27, 2019
The Dow and S&P 500 notched fresh records on Friday as year-end optimism continued to drive the rally. The Dow Jones Industrial Average rose 23 points to a record close of 28,645. The S&P 500 finished the day just 0.11 point higher at 3,240. The Nasdaq Composite slipped 0.1%, or... Read More
December 26, 2019
The major averages climb to new record highs with the start of the typical Santa Claus rally. The Dow Jones Industrial Average finished up 105 points, or 0.37%, to 28,621 while the S&P 500 climbed 0.51% to 3,239. The Nasdaq Composite finished the day 0.78% higher at 9,022, topping the... Read More
December 24, 2019
The major averages closed near the flatline with only the Nasdaq Composite edged higher to another new record in a muted Christmas Eve trading day. The Dow Jones Industrial Average fell 36 points, or 0.1%, to 28,515 while the S&P 500 finished the day little changed at 3,223. The Nasdaq... Read More
December 23, 2019
Stocks climbed higher on Monday, hitting new records, as the year-end rally continues. The Dow Jones Industrial Average traded up 96 points to 28,551 while the S&P 500 rose 0.1%, or 2.79 points while the Nasdaq Composite advanced 0.2%, or 20 points, to 8,945. The three major averages all posted... Read More
December 20, 2019
The major averages rose to fresh record highs on Friday to end the week with solid gains as geopolitical risks abate toward the end of a blockbuster 2019. The S&P 500 rose 0.5% to 3,221 while the Nasdaq Composite advanced 0.4% to 8,924 and notched an eight-day winning streak. The... Read More
December 19, 2019
The major averages rose to all-time highs on Thursday as investors looked past the news of President Donald Trump's impeachment by the House as well as mixed U.S. economic data.
The S&P 500 advanced 0.5% to 3,205 marking its first close above 3,200. The Dow Jones Industrial Average climbed 137 points,... Read More
December 18, 2019
The major averages slipped on Wednesday, reversing gains late in trading after Wall Street fell short of extending its winning streak to six days. Gains were kept in check while investors digested weak earnings from shipping giant FedEx.
The S&P 500 and the Dow Jones Industrial Average traded slightly lower, falling... Read More
December 17, 2019
The major averages closed modestly higher with the S&P 500 making a fresh an all-time high on Tuesday and posting its longest winning streak since November. The Dow Jones Industrial Average and Nasdaq Composite ended the day with record closing highs. The Dow climbed 31 points to 28,267 while the... Read More
December 16, 2019
The major averages closed higher for a fourth straight day as the US.-China phase one trade deal is done. The Dow Jones Industrial Average finished up 100 points. The S&P 500 and Nasdaq closed up 0.7% and 0.91% respectively. Sentiment was also lifted by strong economic data out of China.... Read More
December 13, 2019
The major averages closed modestly higher on Friday after China and the U.S. agreed to a phase one trade deal as investors concluded a solid week of gains. The trade deal will include a rollback of some of the China tariffs and halts additional levies set to take effect on... Read More
December 12, 2019
The major averages performed well as sources at CNBC said the U.S. and China have agreed to a trade deal in principle. The S&P 500 gained 0.9% to end the day at 3,168 notching a record close. The Nasdaq Composite also posted an all-time closing high, rising 0.7% to... Read More
December 11, 2019
The major averages closed higher once again after the Federal Reserve indicated it will likely not raise rates in 2020, removing the fear among investors that it would repeat a mistake it made last year by tightening monetary.
The Dow Jones Industrial Average rose 29 points, or 0.1% to close at... Read More
December 10, 2019
The major averages dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment. The Dow Jones Industrial Average closed down 27 points or 0.1% at 27,881. The S&P 500 lost 3 points while the Nasdaq Composite dipped 5 points.
China and the U.S. have until Sunday to come strike... Read More
December 9, 2019
The major averages fell for the first time in four sessions as investors await news on the China trade deal before new tariffs are expected.
The Dow Jones Industrial Average fell 105 points or 0.4%. The S&P 500 pulled back 0.3% while the Nasdaq slid 0.4%. Apple fell 1.4% to... Read More
December 6, 2019
The major averages surged on Friday on the back of U.S. jobs growth that easily topped analyst expectations as Wall Street wrapped up a choppy week of trading.
The Dow Jones Industrial Average rose 337 points, or 1.2% at 28,015. Friday's performance was the Dow's best since Oct. 4, when it... Read More
December 5, 2019
The major averages closed modestly higher as investors digested strong employment data while they monitored the latest news from the U.S.-China trade negotiations.
The Dow Jones Industrial Average gained 28 points, or 0.1% to close at 27,677. The S&P 500 advanced 0.16% to 3,117 while the Nasdaq Composite gained less than... Read More
December 4, 2019
The major averages rebounded after two down days, boosted by news the U.S. and China were edging closer to a trade deal. The Dow Jones Industrial Average traded up 146 points or 05%. The S&P 500 gained 0.6% while the Nasdaq Composite advanced 0.54%.
The Bloomberg report, which cited people familiar... Read More
December 3, 2019
The major averages fell for second straight day as President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election.
The Dow Jones Industrial Average fell 280 points, or 1% to 27,502. The 30-stock average was led lower by trade-vulnerable Apple, Caterpillar... Read More
December 2, 2019
The major averages started December to the downside as investors digested disappointing manufacturing data along with the latest trade news after capping a month that featured blistering gains.
The Dow Jones Industrial Average fell 268 points, or 0.9% to close at 27,783. The S&P 500 pulled back 0.9% to 3,113.87, its... Read More
November 29, 2019
The major averages finish lower on Black Friday as investors await a concrete trade deal with China. The Dow Jones Industrial Average dipped 112.59 points, or 0.4%, to 28,051. The S&P 500 slipped 0.4% to 3,140 while the Nasdaq Composite fell nearly 0.5% to 8,665. Friday's session ended at 1... Read More
November 27, 2019
The major averages built on their record-setting run after the release of stronger-than-forecast economic data. The S&P 500 climbed 0.4% to 3153 while the Nasdaq Composite advanced 0.7% to 8705. The Dow Jones Industrial Average gained 42 points, or 0.2%, to 28,164. The averages posted fresh intraday records and notched... Read More
November 26, 2019
The major averages continue to their upward trend thanks to a number of retailers lifting the major averages to fresh record highs. The Dow Jones Industrial Average closed up 55 points, or 0.2% at 28,121. The S&P 500 gained 0.2% to 3,140 while the Nasdaq Composite advanced 0.2% to 8,647. Retailers rose broadly... Read More
November 25, 2019
The major averages record another new high amid increasing expectations that China and the U.S. will reach a so-called phase one trade deal.
The S&P 500 and Nasdaq Composite hit all-time closing highs as they rose 0.8% and 1.3%, respectively. Both indexes also notched intraday records. The Dow Jones Industrial Average... Read More
November 22, 2019
The major averages finished higher on the day even as the S&P 500 posted its first weekly decline in over a month amid lingering worries around U.S.-China trade talks. The Dow Jones Industrial Average finished up 107 points, or 0.4%. The S&P 500 gained 0.2% while the Nasdaq Composite advanced... Read More
November 21, 2019
The major averages pulled back once again on concerns over the US China trade deal. The Dow Jones Industrial Average finished down 54 points at 27,766. The S&P 500 and Nasdaq closed modestly lower. Today marked the third straight day of losses for the Dow, its longest losing streak since... Read More
November 20, 2019
The major averages pulled back from record highs after Reuters reported a so-called phase one trade deal between China and the U.S. may not be completed by the end of 2019. The Dow Jones Industrial Average finished down 112 points, or 0.4% to close at 27,821. The S&P 500 slid... Read More
November 19, 2019
The Dow Jones Industrial Average fell from record highs on Tuesday amid losses in Home Depot and a reversal in Boeing shares. The broader market finished the session little changed. The 30-stock average dropped 102 points, or 0.3% to 27,934. The S&P 500 closed marginally lower at 3,120. The Nasdaq... Read More
November 18, 2019
Stocks posted fresh records on Monday before closing little changed as investors digested mixed signals around U.S.-China trade talks. The Dow Jones Industrial Average ended up 31 points, or 0.1% at 28,036. The S&P 500 advanced 0.05% while the Nasdaq Composite closed 0.1% higher.
However, the major averages failed to post... Read More
November 15, 2019
The Dow Jones Industrial Average rallied to record levels on Friday, reaching 28,000 for the first time ever, after White House economic advisor Larry Kudlow said China and the U.S. were getting close to reaching a trade deal. The Dow Jones rose 222 points or 0.7% to close at 28,004.... Read More
November 14, 2019
The major averages closed virtually unchanged again with the Dow Jones closing down a point and the S&P 500 down 3 points. The Nasdaq closed up 2 points even as tech bellwether, Cisco Systems dropped 7% to a 10-month low following earnings.
Walmart opened higher by 2% lifting the averages thanks... Read More
November 13, 2019
The Dow Jones Industrial Average hit an all-time high on Wednesday as Disney shares popped while investors digested testimony from the top-ranking Federal Reserve official. The Dow finished up 92 points at 27,783 or 0.3%. Disney jumped 7.4% after the media giant said its Disney+ streaming service got more than... Read More
November 12, 2019
The major averages closed at new highs except for the Dow that closed exactly unchanged. The S&P 500 climbed 0.2% to 3,091 while the Nasdaq Composite advanced 0.3% to 8,486. The Dow closed unchanged for the first time in six years. President Trump spot at a lunchtime speech at the... Read More
November 11, 2019
After a decline at the start, the Dow Jones Industrial Average rebounded finishing up 10 points at new all-time highs. The S&P 500 and Nasdaq finished modestly lower. Boeing led the charge in the Dow rising 4%, its best day in three months on optimism the 737 Max will return... Read More
November 8, 2019
The major averages inched into the green to notch fresh record closing highs today, as Wall Street capped off a week in which trade optimism sparked a massive rotation out of bonds and into equities.
The S&P 500 gained 0.25% to 3,093, led by gains in the tech and health care... Read More
November 7, 2019
The major averages closed higher after the world's two largest economies reportedly agreed to remove existing trade tariffs, sparking a huge rotation into equities and out of bonds.The 10-year Treasury yield had its biggest upward move since the day after President Donald Trump was elected, trading at 1.95% from 1.81%... Read More
November 6, 2019
The major averages closed virtually unchanged Stocks closed Wednesday's session little changed, struggling to sustain the recent rally that drove the market to record highs, as traders worried about U.S.-China trade discussions.
The Dow Jones Industrial Average closed down 7 points at 27,492. The S&P 500 was also barely changed, closing... Read More
November 5, 2019
The Dow Jones Industrial Average rose slightly closing at a fresh record high thanks to strong economic data and new developments between the U.S. and China on trade.The Dow Jones gained 30 points at 27,492, its third straight positive day. The Nasdaq Composite was up a point at 8,434 while... Read More
November 4, 2019
The major averages reached milestones today with The Dow Jones, the S&P 500 and Nasdaq Composite all closing at record levels. The Dow finished up 114 points. The S&P 500 climbed 0.4% to a fresh all-time high of 3,078. The Nasdaq advanced 0.6% to 8,433, also reaching record levels.
Over the... Read More
November 1, 2019
The major averages surged on Friday as investor sentiment got a lift from much stronger-than-expected U.S. jobs data. The Dow Jones Industrial Average closed up 301 points or 1.1% at 27,347. The S&P 500 gained 1% to end the day at 3,066, a fresh record close. The Nasdaq Composite also... Read More
October 31, 2019
The major averages pulled back despite better-than-expected earnings from Facebook and Apple and the Federal Reserve's third rate cut of 2019. Investors took a pause and turned their focus to U.S.-China trade negotiations that are coming back into questions.The Dow Jones Industrial Average closed down 140 points or 0.5% at... Read More
October 30, 2019
The major averages closed higher after the Federal Reserve cut rates for the third time in the last year followed by comments from Chairman Jerome Powell that signaled it would be a while before the central bank hikes rates. The S&P 500 hit an all-time high, climbing 0.3% to 3,046.... Read More
October 29, 2019
The major averages closed modestly lower after the S&P 500 closed at a record high on Monday. The broad index closed 0.1% lower at 3,036, snapping a four-day winning streak. Earlier in the session, however, the S&P 500 gained as much as 0.3% to hit an all-time high of 3,047.... Read More
October 28, 2019
The major averages performed well with the S&P 500 hit a record high thanks in part to strong earnings and progress on U.S.-China trade. The S&P 500 rose 0.6% to 3,039, closing above the previous record set on July 26. The Dow Jones Industrial Average gained 0.5%, or 132 points... Read More
October 25, 2019
The major averages rose on Friday as investors cheered strong quarterly earnings from Intel along with apparent progress on the U.S.-China trade front. The Dow Jones Industrial Average closed up 152 points or 0.6% at 26,958. The S&P 500 climbed 0.4% to 3,022 briefly trading above its record closing high.... Read More
October 24, 2019
The major averages produced mixed results as the S&P 500 posted a slight gain led by strong quarterly results from Microsoft. The broad index climbed 0.2% to 3,010. The Nasdaq Composite gained 0.8% to close at 8,185. The... Read More
October 23, 2019
The major averages finished in the green as investors digested earnings reports from Caterpillar and Boeing. The Dow Jones Industrial Average closed up 45 points or 0.2% at 26,833. The S&P 500 gained 0.3% while the Nasdaq Composite climbed 0.2%. The S&P 500 is less than 1% from all time highs. Caterpillar... Read More
October 22, 2019
The major averages closed lower following a slew of key earnings from companies such as McDonald's, Travelers, Procter & Gamble and United Technologies. The Dow Jones Industrial Average closed down 37 points after rising more than 100 points earlier in the day. The S&P 500 slid 0.4% while the Nasdaq... Read More
October 21, 2019
The major averages were higher today, boosted by optimism around U.S.-China trade talks as well as the corporate earnings season. The Dow Jones Industrial Average advanced 56 points, or 0.2%. The S&P 500 rose 0.6%, notching its first close above 3,000 since Sept. 18. The Nasdaq Composite climbed 0.9%. The... Read More
October 18, 2019
The major averages finished sharply lower weighed down by steep losses in Boeing, Johnson & Johnson and the tech sector. The Dow Jones finished down 255 points, or 0.95% to close at 26,770. Boeing dropped 6.8% — its biggest one-day drop since February 2016 on news that company instant messages... Read More
October 17, 2019
The major averages close modestly higher after a draft Brexit deal was struck between the European Union and the U.K. Better than expected earnings also lent support to the major averages. The Dow Jones Industrial Average finished up 27 points, or 0.1% after rising as much as 110.18 points earlier... Read More
October 16, 2019
Stocks fell slightly on Wednesday following weak retail sales data and limited corporate earnings and no further news on the trade deal. The Dow Jones Industrial Average dipped 22 points to close at 27,001. The S&P 500 slid 0.2% to 2,989 while the Nasdaq Composite dipped 0.3% to 8,124. Retail sales... Read More
October 15, 2019
The major averages are trading higher as Wall Street turns its attention to third quarter earnings. The Dow Jones is set to open 80 points higher. The S&P and Nasdaq are modestly higher as well.
Earnings season kicked off with stronger-than-expected results from J.P. Morgan Chase, Johnson & Johnson, UnitedHealth, BlackRock,... Read More
October 14, 2019
The major averages closed modestly lower on concerns around the U.S.-China trade agreement struck on Frida. China wants to have additional trade talks before signing what President Donald Trump characterized Friday as a "very substantial phase one deal." It is not clear if the additional talks will take place in... Read More
October 11, 2019
The major averages performed well after President Donald Trump said China and the U.S. reached the first phase of a substantial trade deal that delays tariff hikes that were set to kick in next week. The Dow Jones Industrial Average surged 319 points, or 1.2% 26,816. The S&P 500 rose... Read More
October 10, 2019
The major averages finished on a high note ahead of a meeting between President Trump and China's Vice Premier, Liu He. The Dow Jones rose 150 points to close at 26,496. The S&P 500 and Nasdaq Composite both rose 0.6%.
The session began on flat note, which was a noteworthy feat... Read More
October 9, 2019
The major averages snapped a three-day losing streak ahead of U.S.-China trade talks starting tomorrow. The Dow Jones Industrial Average gained 180 points, or 0.7% to 26,346. The S&P 500 climbed 0.9% while the Nasdaq Composite advanced 1%. The averages narrowed their gains heading into the close after Reuters reported... Read More
October 8, 2019
The major averages fell sharply as investor optimism around the upcoming U.S.-China trade talks faded. The Dow Jones Industrial Average closed down 313 points or 1.2% at 26164. The S&P 500 slid 1.6% to 2,893 while the Nasdaq Composite dropped 1.7% to 7,823.
Ahead of... Read More
October 7, 2019
The major averages pulled back to start the week as investors looked ahead to U.S.-China trade talks, which are set to begin later this week. The Dow Jones Industrial Average finished down 95 points, or 0.4% to 26,478. The S&P 500 dipped 0.5% to 2,938 while the Nasdaq Composite lost... Read More
October 4, 2019
The major averages closed sharply higher as the latest U.S. jobs report hit the sweet spot with Wall Street traders. The Dow Jones Industrial Average climbed 372 points, or 1.4% to close at 26,573. The S&P 500 advanced 1.4% to 2,952. The Nasdaq Composite also gained 1.4% to close at... Read More
October 3, 2019
The major averages went on a rollercoaster ride following weak economic data. The weakest ISM Non-Manufacturing number since August 2016 sent the Dow down over 300 points and down 1100 points in three days before recovering in the afternoon. The Dow Jones Industrial Average finished up 122 points or... Read More
October 2, 2019
Stocks fell sharply for a second day to start October and the fourth quarter as investors grapple with fears of an economic slowdown. The Dow Jones Industrial Average finished down 494 points, or 1.9% to close at 26,078. The Dow broke below its 50-day and 100-day moving averages, two technical... Read More
October 1, 2019
The major averages started the fourth quarter to the downside as disappointing manufacturing data stoked worries over the U.S. economy. The Dow Jones Industrial Average finished down 343 points or 1.3% at 26,573 after rallying more than 100 points earlier in the day. The S&P 500 slid 1.2% close at... Read More
September 30, 2019
The major averages finished out September on a high note as U.S.-China trade talks wrapped up a volatile third quarter. The Dow Jones Industrial Average finished up 96 points, or 0.4% to close at 26,916. The S&P 500 closed 0.5% higher at 2,976 while the Nasdaq Composite gained 0.8% to... Read More
September 27, 2019
The major averages finished lower after news broke that the White House is considering limits on U.S. investment into China, aggravating the protracted trade dispute between the globe's two largest economies. The Dow Jones Industrial Average erased a gain of about 130 points following the report and closed down 70.87... Read More
September 26, 2019
The major averages pulled back as traders monitored the latest trade developments and assessed a whistleblower complaint against President Donald Trump. The Dow Jones Industrial Average finished down 79 points, or 0.3%, lower at 26,891. The S&P 500 fell 0.2%, or 7 points, to 2,977, while the Nasdaq Composite pulled... Read More
September 25, 2019
The major averages rebounded today after President Donald Trump said a U.S.-China trade deal could arrive sooner than expected and the impeachment proceedings, if they occur, should not get pass the Senate. The Dow Jones Industrial Average closed up 162 points at 26,970. The S&P 500 gained 0.6% to end... Read More
September 24, 2019
The major averages were whipsawed closing lower on potential impeachment proceedings for President Donald Trump. The Dow Jones Industrial Average finished down 142 points or 0.5% at 26,807 after falling more than 200 points at one point. The S&P 500 dropped 0.8%, its biggest one-day drop since Aug. 23, to... Read More
September 23, 2019
The markets closed basically unchanged as weak economic data out of Europe stoked worries over the state of the global economy. The Dow Jones Industrial Average finished up just 15 points, led by a gain in American Express. The S&P 500 ended the day just below the flatline. The Nasdaq... Read More
September 20, 2019
The major averages sold off to end the week after news broke that the Chinese officials were cutting short their visit to the U.S., dampening hopes around trade negotiations between the two countries. The Dow Jones Industrial Average finished down 159 points or 0.6% at 26,935. The S&P 500 pulled... Read More
September 19, 2019
The Dow Jones Industrial Average gave up a 100-point gain and finished in the red as investors checked their optimism about renewed U.S.-China trade talks. The Dow Jones finished down 52 points while the S&P 500 and Nasdaq closed modestly higher. Microsoft and UnitedHealth balanced losses in Boeing and Walt... Read More
September 18, 2019
The major averages close flat following the Fed's decision to cut interest rates for a second time. The Dow Jones Industrial Average erased a 211-point drop following the Fed decision to close up 36 points at 27.147. The S&P 500 also pared losses, closing up a point at 3006. The... Read More
September 17, 2019
The major averages finished in the green ahead of a two-day Federal Reserve monetary policy meeting. The Dow Jones Industrial Average finished up 33 points to 27,110. The S&P 500 climbed 0.3% to close at 3,005. The Nasdaq Composite advanced 0.4% to end the day at 8,186.
The central bank is... Read More
September 16, 2019
The major averages pulled back today following an attack on Saudi Arabia oil fields and their largest refinery that caused the price of oil to surge 10%. The Dow Jones Industrial Average slid 142 points, or 0.5% to 27,076. It was the first decline in nine days for the... Read More
September 13, 2019
The Dow Jones Industrial Average rose 37 points, posting its first eight-day winning streak in more than a year, amid improving sentiment around U.S.-China trade relations. The S&P 500 and Nasdaq Composite finished modestly lower. The Dow finished Friday's session 0.7% below an intraday record high of 27,398.68. The S&P... Read More
September 12, 2019
The major averages are modestly higher as President Trump delays higher U.S. tariffs against Chinese imports while the European central bank will initiate a large bond buying program. The Dow Jones Industrial Average rose 20 points while the S&P 500 and the Nasdaq is modestly higher.
The Dow and S&P 500... Read More
September 11, 2019
The major averages finished near the highs on Patriot's Day. The Dow Jones Industrial Average finished up 227 points, or 0.85% at 27,137, posting its first six-day winning streak since June. Wednesday's session also marked its first close above 27,000 since July 30. The Dow is now less than 1%... Read More
September 10, 2019
The major averages closed near the highs of the day lifted by Apple following their Event Day where they introduced a number of new products. The Dow Jones Industrial Averages finished up 73 points closing in on 27,000 once again. The S&P 500 closed modestly higher while the Nasdaq closed... Read More
September 9, 2019
The Dow Jones Industrial Average posted its fourth straight gain on Monday amid more optimism around U.S.-China trade relations. The Dow finished up just 38 points after rising more than 100 points on the open. The S&P 500 closed unchanged while the Nasdaq dropped 15 points weighted down by the... Read More
September 6, 2019
The major averages finished mixed today, cooling off from a strong two day rally. Weaker than expected jobs data out this morning and comments from the Fed Chairmen to not lend support to the markets. The Dow Jones Industrial Average ended the day up 69 points 26,797. The S&P 500... Read More
September 5, 2019
The major averages surged after the U.S. and China agreed to meet next month in Washington to discuss trade. The Dow Jones Industrial Average jumped 372 points, or 1.4% to 26,728. The S&P 500 climbed 1.3% to close at 2,976, led by a 2.1% gain in the tech sector. The... Read More
September 4, 2019
The major averages rose sharply today as tensions in Hong Kong between the government and protesters eased after the withdrawal of a controversial bill. The Dow Jones Industrial Average closed up 237 points higher, or 0.9% at 26,355. The S&P 500 gained 1.1% to close at 2,937.78, led by a... Read More
September 3, 2019
The major averages fell in first trading day of September, historically the second toughest month of the year, after the world's two largest economies began imposing new tariffs on each other's goods. Weaker than expected manufacturing data out in the middle of the morning further damped investor sentiment. The Dow... Read More
August 30, 2019
The major averages finished little changed, taking a breather following a wild month of trading. The Dow Jones Industrial Average closed up 41 points at 26,403. The S&P 500 ended the day just above the flatline at 2,926 while the Nasdaq Composite slipped 0.1% to 7,962.The major indexes posted their... Read More
August 29, 2019
The major averages are surging today after China said it wished to resolve its protracted trade dispute with the world's largest economy with a "calm" attitude. The Dow Jones Industrial Average is set to open nearly 300 points higher. The S&P 500 and Nasdaq 100 are both set to open... Read More
August 28, 2019
The major averages finished higher, but sentiment was kept in check with a key part of the U.S. yield curve inverting even further, exacerbating fears of an impending recession. The Dow Jones Industrial Average closed up 258 points or 1% at 26,036. The S&P 500 climbed 0.7% to 2,887 while... Read More
August 27, 2019
The Dow Jones Industrial Average erased a 155-point rally closing down 120 points as bond yields declined spooking the market and stoking recession fears again. The S&P 500 fell 0.32% to 2,869.16 while the Nasdaq Composite dropped 0.34% to finish at 7,826.95 amid losses in Netflix, Nvidia and T-Mobile.
The spread... Read More
August 26, 2019
The major averages rebounded after a 600 point decline last Friday. President Donald Trump this morning said China is ready to come back to the negotiating table following a phone call late Sunday causing the Dow futures to reverse from a nearly 300 point decline to a nearly 300 point rally... Read More
August 23, 2019
Back to the drawing board regarding the trade war with China. The major averages plunged on Friday after President Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China. The Dow Jones Industrial Average closed down 623 points lower, or 2.4% at 25,628. The S&P 500 slid... Read More
August 22, 2019
The major averages are higher this morning as investors are looking ahead to the start of a central banking summit in Jackson Hole, Wyoming. The Dow Jones Industrial Average is set to open 100 points higher on the open. The S&P 500 and Nasdaq are pointing to slight gains.The summit... Read More
August 21, 2019
The major averages performed well today thanks to strong earnings from Target and Lowes even as interest rates pulled back signaling recession fears again in the last hour of trading.
The Dow Jones Industrial Average closed up 240 points at 26,202. The S&P 500 and Nasdaq gained 0.8%. Target surged more... Read More
August 20, 2019
The Dow Jones Industrial Average fell for the first time in four sessions on Tuesday, paring some of the strong gains from the previous three session as recession fears lingered. The Dow Jones finished down 173 points at 25,962. The S&P 500 and Nasdaq Composite pulled back 0.7% and 0.6%,... Read More
August 19, 2019
The major averages rose sharply today as Treasury yields rebounded, quelling fears of a possible recession. Equities also got a boost after the U.S. agreed to extend a temporary reprieve to Chinese telecom giant Huawei. The Dow Jones Industrial Average closed up 249 points at 26,135. The S&P 500 gained 1.2% to close at 2,923 led by energy and tech sectors. The Nasdaq Composite advanced 1.4% to end the day at 8,002.
These gains add to a rebound that started last week after the Dow posted its worst session of 2019. The 30-stock index plummeted 800 points, or 3.1% on Wednesday before regaining some of the lost ground on Thursday and Friday. The S&P 500 is still down 1.9% in August and off more than 3% from a recent record.
Read More
August 16, 2019
The major averages rebounded today ending a wild week on Wall Street. Bond yields eased back from historic lows easing fears of a recession that sent stocks tumbling earlier in the week. The Dow Jones Industrial Average finished up 306 points, or... Read More
August 15, 2019
The major averages are rebounding, gaining back some of the steep losses in the previous session, after indications that Chinese negotiators may be willing to compromise with the U.S. on trade issues. China's Ministry of Foreign... Read More
August 14, 2019
The major averages suffered their worst day of the year as the benchmark 10-year Treasury yield broke below the 2-year rate, a reliable indicator of economic recessions. The last inversion of this part of the yield curve was in December 2005, two years... Read More
August 13, 2019
The major averages soared midday after the U.S. decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list, reigniting hopes Washington and Beijing could reach a long-term resolution. The Dow Jones Industrial Average finished up 372 points or 1.44%, at 26,279. The S&P... Read More
August 12, 2019
The major averages finished sharply lower as bond yields resumed their August spiral lower, raising concerns about the state of the economy. The benchmark 10-year Treasury yield, which fell to its lowest since 2016 last week, dipped to 1.63%. The spread between 2-year... Read More
August 9, 2019
The major averages concluded a wild week on the downside amid trade war fears and worries over the global economy. The Dow Jones Industrial Average closed down 90 points at 26,287. The S&P 500 dipped 0.7% while the Nasdaq... Read More
August 8, 2019
The major averages are trading higher for now as global bond yields rebounded while investors digested better-than-expected trade data out of China. The Dow Jones Industrial Average is set to open up 150 points higher this morning. The S&P 500 and Nasdaq 100... Read More
August 7, 2019
The Dow Jones Industrial Average recovered the bulk of its nearly 600-point decline following a sharp decline in bond yields on the open. Throughout the day, bond yields stabilized to temper worries over slowing economic growth pushing the major averages positive or back toward the unchanged level. The Dow finished... Read More
August 6, 2019
The major averages rebounded with the Dow jumping over 300 points following the worst day of the year. The S&P 500 closed up 1.3% while the Nasdaq Composite climbed 1.5%. The Dow snapped a five-day losing streak, while the S&P 500 and Nasdaq rose for the first time in seven sessions. Read More
August 5, 2019
The major averages fell nearly 3% as the Dow Jones dropped 767 points for its worst day of 2019 as the trade war between the world's two largest economies intensified. The Dow Jones Industrial Average... Read More
August 5, 2019
The major averages fell nearly 3% as the Dow Jones dropped 767 points for its worst day of 2019 as the trade war between the world's two largest economies intensified. The Dow Jones Industrial Average plunged... Read More
August 2, 2019
The major averages finished down for a third straight day, the S&P 500 had its worst week of 2019, following a Fed rate cut on Wednesday, news of an additional 10% tariff on Chinese imports and key economic data out this morning. The... Read More
August 1, 2019
The major averages are rebounding this morning following the biggest decline in over a month. The Dow Jones Industrial Average is up 40 points to start the day. The Nasdaq is jumping nearly half a percent while the S&P 500 is up 5... Read More
July 31, 2019
The major averages had their worst day in months after the Federal Reserve Chair Jerome Powell dampened hopes for further rate cuts later this year. Fed Chairman Powell says rate move was a 'midcycle adjustment,' hinting more cuts were not a guarantee. The... Read More
July 30, 2019
The major averages closed modestly lower after President Donald Trump renewed his attacks on China, decreasing hope the two largest world economies will reach a trade deal. The Dow Jones Industrial Average closed down 23 points at 27,198 after dropping as much as... Read More
July 29, 2019
The major averages hugged the flat line as investors await key earnings, US/China trade talks starting back up tomorrow and the Federal Reserve's decision on Interest rates on Wednesday. The Dow Jones Industrial Average rose 28... Read More
July 26, 2019
The Nasdaq and S&P 500 closed at record highs following strong tech earnings from the like of Stocks Google/Alphabet and Intel. Better-than-expected second quarter GDP numbers also lent support to the major averages. The S&P 500 gained 0.7% to close at 3,025, posting... Read More
July 25, 2019
The major averages finished near the session lows following disappointing earnings and guidance. The Dow Jones Industrial Average closed down 1289 points at 27,140. The S&P 500 also declined 0.5% to close at 3,003. The Nasdaq Composite lagged, sliding 1% to 8,238. Both the S&P 500 and Nasdaq hit... Read More
July 24, 2019
The S&P 500 and Nasdaq Composite reached all-time highs today, propelled by a rally in chip stocks and the tech sector, shrugging off regulatory concerns, and focusing on earnings. The Dow Jones was the one index to decline today, down 79 points closing... Read More
July 23, 2019
The major averages rallied once again spurred by earnings and news of face-to-face talks between U.S. and Chinese trade negotiators starting next week. The Dow Jones Industrial Average closed up 177 points higher, or 0.7%, at 27,349. The S&P 500 also advanced 0.7% to... Read More
July 22, 2019
The major averages close modestly higher ahead of a big week of earnings. The moves also come ahead of expectations a Fed rate cut next week. The Dow Jones Industrial Average climbed 17 points to 27,171 even as Boeing dropped 1%. The S&P 500 and... Read More
July 19, 2019
The major averages tried their best, but finished in the red for the day and the week after news broke that Iran seized a British oil tanker and The Wall Street Journal reported that the Fed is signaling only a 25-basis points rate... Read More
July 18, 2019
The major averages finished modestly higher on dovish Fed commentary bolstering expectations for a rate cut at the end of the month. The Dow Jones Industrial Average finished just 3 points higher while the S&P 500 rose 10 points and... Read More
July 17, 2019
The major averages fell on Wednesday following disappointing corporate earnings from the likes of CSX, dragging down the transportation average by 3.6%, wiping out its monthly advance. The Dow Jones Industrial Average dropped 115 points, or 0.42%. The S&P 500 slid 0.65%... Read More
July 16, 2019
The major averages took a breather today finishing in the red falling from record highs after President Donald Trump cast doubt on the trade progress between China and the U.S. Trump said the two countries have a "long way to go" on trade,... Read More
July 15, 2019
The major averages notched new record highs ahead of corporate earnings season. The Dow Jones Industrial Average closed up 27 points at 27,359. The S&P 500 and the Nasdaq Composite also closed modestly higher. The major indexes also posted intraday all-time highs earlier in... Read More
July 12, 2019
The Dow Jones Industrial Average finished up 243 points above 27,000 at all-time highs heading into earnings season next week. The S&P 500 gained 0.5% to end the day at 3,013, its first close above 3,000. The Nasdaq Composite advanced 0.6% to 8,244.... Read More
July 11, 2019
The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after Federal Reserve Chair Jerome Powell spoke to Congress and signaled easier monetary policy going forward with a probable rate cut at the end of the month.... Read More
July 10, 2019
The S&P 500 rose 0.5%, briefly surpassing 3000 for the first time after Fed Chair Powell made dovish comments regarding a rate cut at the end of July. The Dow Jones rose 76 points closing in on 27,000. The Nasdaq rose 60 points... Read More
July 2, 2019
After hitting an all-time high yesterday, the S&P 500 rallied again today, albeit by less than a half percent. With volume light ahead of tomorrow's shortened session as we head into the 4th of July and the summer season, stocks were generally listless throughout. Nike made news by what they... Read More
June 28, 2019
The major averages rallied into the close, boosted by bank shares, as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping. The Dow Jones Industrial Average rose 73 points to 26,599, led by J.P. Morgan Chase.... Read More
June 27, 2019
The S&P 500 is trading higher, on pace to snap a four-day losing streak, as investors await trade clues from an upcoming meeting between President Donald Trump and Chinese President Xi Jinping. The broad index is trading up 0.3% as the financials and... Read More
June 26, 2019
The S&P 500 posted a four-day decline, the longest slide since early May, as investors braced for a key meeting between President Donald Trump and Chinese President Xi Jinping later this week.
The broad index closed... Read More
June 25, 2019
The major averages sold off with the S&P 500 falling nearly a percent led by a sharp decline in tech, after comments from top Federal Reserve officials cooled investor optimism around a potential rate cut in... Read More
June 24, 2019
The major averages hugged the flat line as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping at this week's G-20 summit. The Dow Jones Industrial Average closed up 8 points at 26,727. The S&P 500... Read More
June 21, 2019
The major averages succumbed to profit-taking today after a big run up this week with the S&P 500 making fresh record highs earlier in the day. The Dow Jones Industrial Average closed down 34 points at 26,719 while the Nasdaq Composite lost 0.2%... Read More
June 20, 2019
The major averages continue their surge in June with the Dow rising 249 points and the S&P 500 closing up 1% at new all-time highs. For the month, the S&P 500 is up over 7%. The rally this week has been led by... Read More
June 19, 2019
The major averages rallied once again now up 6% for the month of June after the Federal Reserve opened the door for looser monetary policy in the near future. The Dow Jones Industrial Average rose 38 points, while the S&P 500 gained 0.3%... Read More
June 18, 2019
The major averages surged, closing in on all-time highs as President Donald Trump said he will meet with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit, boosting hopes for a U.S.-China trade deal. The Dow Jones Industrial Average rose 353 points to... Read More
June 17, 2019
The major averages closed in the green led by gains in tech, as investors looked ahead to a crucial Federal Reserve meeting this week. The Dow Jones Industrial Average rose 22 points to 26,112 while the S&P 500 closed 0.1% higher and the... Read More
June 14, 2019
The major averages closed modestly lower, but off thier lows for the day following weak economic data out of China and disappointing guidance from chipmaker, Broadcom Read More
June 13, 2019
The major averages are trading higher, building on a strong June rally, as tech shares rebounded from losses in the previous session. The Dow Jones Industrial Average climbed 126 points as Disney shares outperformed. The S&P 500 gained 0.4%, led by the energy... Read More
June 12, 2019
Stocks fell for a second day on Wednesday, pressured by declines in tech and bank shares, pausing a sharp rally to start off June. The Dow Jones Industrial Average dipped 43 points to 26,004 while the S&P 500 closed 0.2% lower and the Nasdaq Composite sliding 0.4%. The S&P 500... Read More
June 11, 2019
The major averages ran out of steam with the Dow Jones Industrial Average snapping a six-day winning streak. The Dow Jones Industrial Average finished down 10 points after rising as much as 185 points earlier in the day. The S&P 500 closed down... Read More
June 10, 2019
The major averages extend last week's big gains with the Dow closing higher for a sixth straight day after the U.S. reached an agreement with Mexico on tariffs. The Dow Jones Industrial Average rose over 70 points while the S&P... Read More
June 7, 2019
The major averages finished the week with a one percent move, building on strong weekly gains, the best week since November, as weak economic data increased the odds of easier monetary policy from the Federal Reserve.
The... Read More
June 6, 2019
The major averages rally once again for a third straight day on this 75th anniversary of D-Day when the Allied troops stormed the beaches of Normandy and the surrounding area invading the European mainland to attack the Germans in WW2. The major averages got a boost in the afternoon on reports... Read More
June 5, 2019
The major averages closed up nearly 1% following yesterday's 2% gain, the second best trading day for the year. Weaker-than-expected jobs data this morning added support to the theory the Fed could cut rates later in the year. Yesterday, the Fed Chairman made dovish comments saying the central bank will keep an... Read More
June 4, 2019
Stocks surged on Tuesday with the major averages all closing up over 2% for the second best trading day of the year. Trading volume was over 80% to the upside. The Dow Jones Industrial Average climbed 512 points, or 2.06%, the S&P 500... Read More
June 3, 2019
U.S. stock index futures pointing to a lower opening for the first trading day of June, after China's rhetoric on U.S. trade relationship intensified over the weekend. The Dow Jones Industrial Average futures slipped 58 points, indicating a drop of 60 points at... Read More
May 31, 2019
The markets did not end May on a good note as President Donald Trump's surprised investors this morning by threating tariffs on all Mexico imports, amid a worsening trade war with China. The Dow Jones Industrial Average closed 354 points lower at 24,815, while the S&P... Read More
May 30, 2019
The major indices are little changed for the session after falling nearly 3% for the week. Bond yields are quiet today, but remain inverted causing concern among investors about a future recession. Read More
May 29, 2019
The major averages continued their decline as the 10-year Treasury yield fell to its lowest level since September 2017. The Dow Jones Industrial Average dropped 221.36 points to 25,126 after declining as much as 400 points. The S&P 500 slid 0.7% and Nasdaq... Read More
May 28, 2019
Stocks fell on Tuesday as a decline in interest rates during the U.S.-China trade war sparked worries about a possible slowdown in the economy.
The Dow Jones Industrial Average finished down 237 points at 25,347, giving up... Read More
May 24, 2019
The major averages rebounded today on hopes that a trade deal with Chinese can come sooner than later. For the week, the Dow Jones Industrial Average dropped 0.7% posting its fifth consecutive weekly decline, its longest streak since 2011. The S&P 500 and... Read More
May 23, 2019
U.S. stock index futures trade lower once again as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei like U.K.-based chip designer Arm Holdings, Panasonic, Vodafone and BT Group.
China is taking a stronger tone in its rhetoric towards the U.S. Ministry of Commerce spokesperson... Read More
May 22, 2019
Stocks pulled back on Wednesday as trade worries increased while declines in Qualcomm and retailer shares also dampened market sentiment. The Dow Jones Industrial Average finished down 100 points at 25,776. The S&P 500 slipped 0.3% while the Nasdaq Composite declined by 0.5%.
In the retail space, Lowe's and Nordstrom both... Read More
May 21, 2019
Stocks closed higher on Tuesday following news that the U.S. temporarily eased restrictions on Chinese telecom giant Huawei. The Dow Jones Industrial Average finished up 197 points at 25,877. The S&P 500 gained 0.9% while the Nasdaq Composite advanced 1.1%. The semiconductor sector... Read More
May 20, 2019
The major averages finished in the red due to persistent U.S.-China trade uncertainty. The Dow Jones Industrial Average finished down 84 points at 25,679. The S&P 500 dropped 0.7% while the tech-laden Nasdaq Composite underperforms with a loss of 1.46%. After the US... Read More
May 17, 2019
Stocks sold off into the close on news the trade talks between China and the U.S. have stalled. The Dow Jones Industrial Average ended the day down 98 points at 25,764, erasing a 50 points gain. It was the fourth straight weekly decline for the Dow, the first time in... Read More
May 16, 2019
Stocks rose on Thursday as sentiment was boosted by strong earnings from Walmart and Cisco Systems. The banks are also lending support thanks to higher rates and positive economic data. The Dow Jones Industrial Average is trading up around 200 points. The S&P 500 and the Nasdaq Composite are both up... Read More
May 15, 2019
U.S. stock index futures trading lower following the release of weak economic data out of the U.S. China also showed industrial production slowing to 5.4% in April, notching the slowest pace of growth since May 2003. However, the Chinese Amazon, Alibaba is trading higher following strong retail earnings from the... Read More
May 14, 2019
Stocks rose on Tuesday, regaining some of the sharp losses from the previous session, as investors weighed the impact of the escalating trade war between the United States and China. The Dow Jones Industrial Average finished up 207 points after rallying as much... Read More
May 13, 2019
U.S. stock futures are pointing sharply lower as China decides to raise tariffs on $60 billion worth of U.S. imports starting June 1st. The goods targeted include a broad range of agricultural products. This comes after President Donald Trump raised tariffs on Chinese imports last week. China said in a... Read More
May 10, 2019
U.S. stocks staged a major reversal climbing from steep losses to modest gains to end the week. The S&P 500 was down as much as 1.6% on persistent trade uncertainty, but closed up 10 points back above its 50 day... Read More
May 9, 2019
The major averages are down less than one percent after falling as much as 1.5%, falling below its 50-day moving average. Investors remained anxious about the prospects of a U.S.-China trade deal. Stocks had lifted off the lows due to... Read More
May 8, 2019
Stocks failed to rebound from a deep sell-off this week as investors remain on edge regarding the standoff between the U.S and China over a trade agreement. The Dow Jones Industrial Average finished the day 2.24 points higher at 25,967, while the S&P... Read More
May 7, 2019
The major averages fell over 1.5% on growing concerns of a U.S./China trade war as the U.S. will increase levies on Chinese imports come this Friday. Investors were hoping President Donald Trump's weekend tweet threat was just a negotiation tactic. The Dow Jones... Read More
May 6, 2019
The major averages finish in the red, but staged a nice comeback after opening down 1.5% with the Dow falling as much as 471 points after President Trump threatened to increase China trade tariffs this Friday.... Read More
May 3, 2019
Stocks finished higher rebounding from two-day losses, as data showed U.S. job creation was stronger than expected in April. The Dow Jones Industrial Average rose 197.16 points to 26,504.95, while the S&P 500 rose nearly 1% to 2,945.64, posting its biggest gain since... Read More
May 2, 2019
U.S. stock futures pointing to a slow start as the markets digested comments from the Federal Reserve. The Fed Chairman Jerome Powell said low inflation pressures may just be "transitory," hinting that a rate cut may not be on the horizon. On the... Read More
May 1, 2019
The major averages finished in the red after the Federal Reserve hinted they may have to raise rates before year end. Ten of the 11 S&P 500 sectors finished lower, led by energy (-2.2%), materials (-1.8%), and consumer staples (-1.2%). The weakness in the energy space was also driven by... Read More
April 30, 2019
The S&P 500 closed at a new high with nine of the 11 S&P 500 sectors finishing in the green led by the utilities, consumer staples and real estate sectors. The Nasdaq declined following a 7% drop in Google. The... Read More
April 29, 2019
The S&P 500 and Nasdaq reached all-time highs as all three averages finished in the green led by the banks. The financial sector closed up 1.2%. Bank of New York Mellon, Citigroup and Bank of America were among the best performers in the... Read More
April 26, 2019
The S&P 500 and the Nasdaq set new closing highs on Friday. Amazon led the Nasdaq and the tech sector with a 2.5% gain following better than expected earnings and news one-day shipping will be the new standard for Amazon Prime members. Intel was the big loser in the chip... Read More
April 25, 2019
The S&P 500 futures trade two points, or 0.1%, above fair value as some heavy-lifting from the tech stocks help offset lingering concerns about slowing growth. The Nasdaq is set to open nearly a percent higher thanks to Microsoft and Facebook trading up over 5% each following earnings. The Dow on the other hand, is set to open lower following disappointing earnings and guidance from 3M. 3M is set to open down 9%.
Read More
April 24, 2019
Stocks slipped from record levels on Wednesday following a mixed batch of corporate earnings. AT&T, Chevron, Caterpillar and Exxon dragged the Dow and S&P 500 lower. A bidding war in the oil patch has Chevron and Occidental Petroleum fighting over... Read More
April 23, 2019
The S&P 500 and the Nasdaq Composite both set all-time closing highs on Tuesday in a broad-based advance. Investor sentiment was buoyed by a batch of positive earnings reports from widely-held companies and positive economic data.The Dow Jones Industrial Average also finished higher thanks to Dow components Coca Cola and... Read More
April 22, 2019
The S&P 500 closed modestly higher supported by strength in energy stocks amid a noticeable increase in oil prices. The Nasdaq Composite increased 0.2%. The Dow Jones Industrial Average lost 0.2%, and the Russell 2000 lost 0.4%. Trading volume was light after the three-day holiday weekend. Oil prices rose... Read More
April 18, 2019
The Dow Jones Industrial Average rose 110 points closing at 26,559, the S&P 500 gained 0.2% to end the day at 2,905.03 while The Nasdaq Composite closed just above the flat line at 7,998.06. The earnings season is off to a good start with more... Read More
April 17, 2019
The Dow Jones Industrial Average dipped 3.12 points to 26,449.54, while the S&P 500 fell 0.2% to 2,900.45. The Nasdaq Composite closed 0.05% lower at 7,996.08. Healthcare was the main culprit for the weakness once again, falling 2.9% as a sector, eclipsing a... Read More
April 16, 2019
The major averages finished modestly higher, but off the highs of the day as midday turnaround in the S&P 500 health care sector dragged many stocks lower. Shares of the largest healthcare provider, UnitedHealth opened 3.3% higher but quickly rolled over into negative territory. J&J was one of the few... Read More
April 15, 2019
The major averages finished in the red as the financial stocks pulled back following another round of bank earnings. Goldman Sachs finished down 3.8% and Citigroup down 0.1% as both beat earnings expectations, but first quarter revenue for both companies declined year over... Read More
April 12, 2019
As Jon Snow would say, "Earnings season is coming." The S&P 500 gained 0.7% on Friday, as a strong earnings report from JPMorgan Chase (JPM) and a positive investor's day from Walt Disney's (DIS) as they introduced a new streaming service helped lift the averages offseting losses from the health care sector.
Read More
April 11, 2019
The stock market finished little changed on Thursday in a tight-ranged trading session. The S&P 500 (unch) finished fractionally higher, as relative strength from financial and industrial stocks helped mitigate losses from shares of health care companies in front of earnings season.
The Dow Jones Industrial Average lost 0.1%, the Nasdaq Composite... Read More
April 10, 2019
The S&P 500 gained 0.4% on Wednesday, as moderating inflation and assurance from central banks to keep rates on hold provided the broader market some support. The Nasdaq Composite (+0.7%) and the Russell 2000 (+1.4%) both outperformed, while the Dow Jones Industrial Average finished little changed. The top banking CEOs were grilled by the Democratic-controlled House today Read More
April 9, 2019
The Dow Jones fell for the second straight day as investors awaited the start of corporate earnings. The Dow lost 190.44 points to finish the day at 26,150.58 as Boeing stock came under pressure again on concerns about 737 Max jet production delays. The S&P 500 fell 0.6% to 2,878.20, led by losses in industrials, energy and financial companies. The Nasdaq Composite dropped more than 0.5% to 7,909.28 as Microsoft, Apple, Amazon and Alphabet all declined.
Read More
April 8, 2019
The Dow Jones Industrial Average declined by 84 points. The S&P 500 eked out a 0.1% gain at 2,895.75, in danger of snapping a seven-day winning streak, as the industrial sector dipped 0.4%. The Nasdaq Composite ended Monday 0.2% higher. Shares of Boeing and General Electric led the decline. Read More
April 5, 2019
The S&P 500 gained 0.5% Friday in a broad-based advance that was supported by strong employment data. The benchmark index advanced for the seventh straight session, increased its weekly gain to 2.1%, and closed within ten points of the 2900 level. Read More
April 4, 2019
Dow climbs more than 150 points, S&P 500 posts first 6-day winning streak in over a year.
The 30-stock Dow closed 166.50 points higher at 26,384.63, led by a 2.9% gain in Boeing. The S&P 500 climbed 0.2% to 2,879.39, notching its first six-day winning streak since February 2018, as the materials and energy sectors outperformed. The Nasdaq Composite, however, posted a 0.1 loss and closed at 7,891.78 as Tesla shares were under pressure.
Read More
April 3, 2019
Stocks rose on Wednesday as investors cheered a pending trade deal between the U.S. and China, though softer measures on payrolls and the service economy kept a lid on optimism. The Dow Jones Industrial Average climbed 39 points to close at 26,218.13 as Intel and Home Depot outperformed. The S&P 500 gained 0.2% to end the day at 2,873.40, notching a five-day winning streak, as the materials and tech sectors led the way. The Nasdaq Composite advanced 0.6% to 7,895.55. Read More
April 2, 2019
The S&P 500 finished flat on Tuesday in a lackluster trading session. Price action was relatively muted for most of the day, as investors digested a 2.2% gain for the benchmark index over the prior three sessions.
The Dow Jones Industrial Average lost 0.3%, weighed down by Walgreens Boots... Read More
April 1, 2019
The stock market followed Friday's strong close to the first quarter with an even stronger start to the second quarter. The S&P 500 climbed 1.2% to a fresh high for the year while the Dow Jones Industrial Average (+1.3%) and the Nasdaq Composite (+1.3%) outperformed.
The Monday rally... Read More
March 29, 2019
The S&P 500 gained 0.7% on Friday, capping its best quarter since 2009 amid a risk-on sentiment and continued trade optimism. Friday's advance propped the S&P 500 to a gain of 13.1% this quarter.The Dow Jones Industrial Average (+0.8%), the Nasdaq Composite (+0.8%), and the Russell 2000 (+0.3%) extended their quarterly gains to 11.2%, 16.5%, and 14.2%, respectively.
Read More
March 28, 2019
The S&P 500 increased 0.4% on Thursday, led by shares of the recently-battered financial and industrial stocks. Stocks drifted higher as Treasuries stabilized, while investors continued to wait for further clarity on a U.S.-China trade resolution, earnings guidance, and U.S. economic growth prospects.
The Dow Jones Industrial Average gained 0.4%,... Read More
March 27, 2019
The S&P 500 lost 0.5% on Wednesday, although it had been down as much as 1.1% on recurring concerns about slowing growth and a resilient U.S. Treasury market. The broader market spent the bulk of afternoon action in a steady rebound as Treasuries cooled off, but missing leadership from tech stocks limited the scope of the rebound attempt. Read More
March 26, 2019
The S&P 500 gained 0.7% on Tuesday, as an early uptick in U.S. Treasury yields and gains in most global equity markets helped foster some risk-on sentiment. It wasn't easy, though, as the benchmark index declined from a gain of 1.1% at its high... Read More
March 25, 2019
The S&P 500 decreased 0.1% on Monday in a session that showed little conviction from buyers or sellers. Lingering concerns about global economic growth tempered buying interest and contributed to a further decline in U.S. Treasury yields.
The Nasdaq Composite also lost 0.1%. The Dow Jones Industrial Average and... Read More
March 22, 2019
The S&P 500 dropped 1.9% on Friday, as weak manufacturing data out of Europe added to worries about the pace of global economic activity. Growth concerns were reflected by another drop in U.S. Treasury yields, the underperformance of the cyclical sectors,... Read More
March 21, 2019
The S&P 500 gained 1.1% on Thursday, bolstered by the notion of a dovish Fed and persistently low U.S. Treasury yields. Leadership from the S&P 500 information technology sector (+2.5%), driven by gains in Apple (AAPL 195.09, +6.93, +3.7%) and Micron (MU 43.99, +3.86, +9.6%), also helped carry buying momentum throughout the... Read More
March 19, 2019
The S&P 500 advanced as much as 0.7% on Tuesday, bolstered by dovish expectations ahead of the Federal Reserve's policy decision on Wednesday. Conflicting U.S-China trade headlines, however, induced some profit-taking interest after a recent stretch of gains, as did a late-day slide in oil prices, which hit their highs... Read More
March 18, 2019
The S&P 500 gained 0.4% on Monday in a session led by the cyclical sectors. Some follow-through buying interest amid a lack of "new" catalysts helped the market advance in front of the Fed's policy meeting this week.
The Dow Jones Industrial Average gained 0.3%, the Nasdaq Composite... Read More
March 15, 2019
The S&P 500 gained 0.5% on this quadruple-witching expiration Friday, supported by reported progress in U.S.-China trade talks and the outperformance of semiconductor stocks. Friday's advance capped an impressive 2.9% weekly gain in the benchmark index and established a new closing... Read More
March 14, 2019
The S&P 500 lost 0.1% on Thursday in a tight-ranged trading session. The session featured several economic releases and a good bit of company-specific news, but the market seemed content to take a breather after the strong gains it registered to begin... Read More
March 13, 2019
The S&P 500 futures trade six points, or 0.2%, above fair value with the benchmark index already up 1.8% this week. Investors will keep an eye overseas where the British Parliament is going to carry out a vote around 3:00 p.m. ET on a no-deal Brexit.
The no-deal Brexit vote comes... Read More
March 12, 2019
The S&P 500 gained 0.3% on Tuesday, adding to its strong start to the week. Softening inflation data, persistently low U.S. Treasury yields, and leadership from Apple (AAPL 180.91, +2.01, +1.1%) and Alphabet (GOOG 1193.20, +17.44, +1.5%), helped the market overcome continued weakness in Boeing (BA 375.41, -24.60, -6.2%).
span... Read More
March 11, 2019
The S&P 500 futures trade eight points, or 0.3%, above fair value, trying to recoup some of the benchmark index's 2.2% loss from last week. On the other hand, the Dow Jones Industrial Average futures trade 0.5% below fair value with Boeing (BA 387.98, -34.56, -8.2%) shares taking a hit following... Read More
March 8, 2019
The S&P 500 declined as much as 1.0% on Friday, as disappointing growth in U.S. jobs contributed to global growth concerns and profit-taking interest. However, renewed buying interest in the afternoon helped the benchmark index trim its loss to 0.2% and close at session highs.
The Dow Jones Industrial... Read More
March 7, 2019
The S&P 500 lost 0.8% on Thursday, as a negative economic outlook from the European Central Bank (ECB) helped fuel growth concerns and profit-taking interest. Thursday's risk-off mindset was made apparent by the underperformance of cyclical sectors and the flight-to-safety trade in the U.S. Treasury market where the... Read More
March 6, 2019
The S&P 500 lost 0.7% on Wednesday, pulling back for the third straight session after a strong start to the year. With few catalysts to justify further gains, stocks succumbed to some profit taking with shares of energy,... Read More
March 5, 2019
The S&P 500 lost 0.1% on Tuesday in a session that saw little conviction from buyers or sellers. Encouraging economic data and solid earnings reports from Target (TGT 76.00, +3.33, +4.6%) and Kohl's (KSS 71.33, +4.86, +7.3%) provided some support for the market.
span... Read More
March 4, 2019
The S&P 500 advanced as much as 0.5% following a report that the U.S. and China are nearing a trade deal. The benchmark index was then down as much as 1.3% following an inability to sustain a retest of its November high. Renewed buying interest, however, propelled an afternoon... Read More
March 1, 2019
The S&P 500 increased 0.7% on Friday, led by shares of energy and health care companies; meanwhile investors remained optimistic about a U.S.-China trade deal. Friday's gains lifted the benchmark index into positive territory for the week, advancing 0.4%.
The Nasdaq Composite (+0.8%) extended its weekly gain to 0.9%.... Read More
February 28, 2019
The S&P 500 lost 0.3% on Thursday in another tight-ranged session, which included the underperformance of cyclical sectors and the outperformance of defensive-oriented sectors. Investors also weighed better-than-expected GDP data, the latest batch of earnings reports, and some geopolitical drama.
The... Read More
February 27, 2019
The S&P 500 lost 0.1% on Wednesday as investors weighed a handful of headlines on the political, monetary, and geopolitical fronts, as well as the latest batch of earnings reports. The benchmark index was down as much as 0.7% in early trading... Read More
February 26, 2019
The S&P 500 decreased 0.1% as it struggled for direction on Tuesday. The stock market wavered between small gains and losses while investors weighed mixed economic data, key corporate news, and comments from Fed Chair Jerome Powell.
The Dow Jones Industrial Average (-0.1%) and the Nasdaq Composite (-0.1%) also... Read More
February 25, 2019
The S&P 500 advanced as much as 0.8% on Monday after President Trump said he will delay the March 1 trade deadline as negotiations with China have progressed favorably. The benchmark index, however, steadily retreated throughout the session, ultimately finishing higher by... Read More
February 22, 2019
The S&P 500 gained 0.6% on Friday in a broad-based rally while U.S.-China trade talks showed signs of progress. The benchmark index also increased 0.6% this week.
The Dow Jones Industrial Average (+0.7%), the Nasdaq Composite (+0.9%), and the Russell 2000... Read More
February 21, 2019
The S&P 500 lost 0.4% on Thursday, as disappointing economic data helped simmer the market's lengthy rally. The Dow Jones Industrial Average, the Nasdaq Composite, and the Russell 2000 also lost 0.4% apiece.
The S&P 500 energy (-1.6%), health care (-0.9%), and communication services (-0.6%) sectors underperformed the broader market. Conversely,... Read More
February 20, 2019
The S&P 500 futures trade two points, or 0.1%, below fair value as investors display some caution ahead of the release of the FOMC Minutes from the January meeting. The market will also be paying heed to any reported progress on the current U.S.-China trade talks in... Read More
February 19, 2019
The S&P 500 increased 0.2% on Tuesday, as strong earnings results from Wal-Mart (WMT 102.20, +2.21, +2.2%) helped ease some concerns about consumer spending. Investors also remained optimistic about U.S.-China trade talks and a market-friendly Federal Reserve.
The Nasdaq Composite gained 0.2%, and the Russell 2000 gained 0.3%. The... Read More
February 15, 2019
The S&P 500 gained 1.1% on Friday, as investors were relieved to hear that U.S.-China trade-talks produced some progress and that Congress passed a funding resolution to avoid another government shutdown. Friday's advance increased the benchmark index's weekly gain to 2.5%.
The Dow Jones Industrial Average (+1.7%), the Nasdaq... Read More
February 14, 2019
Happy Valentine's Day
The S&P 500 declined as much as 0.8% on Thursday, as disappointing retail sales data for December played into the market's concerns about a U.S. economic slowdown. The benchmark index, however, staged a late morning rebound back to its flat line, where it wavered for most of... Read More
February 13, 2019
The S&P 500 increased as much as 0.6% on Wednesday, as continued optimism that U.S.-China trade talks were progressing favorably underpinned another broad-based rally. The benchmark index, however, fell off morning highs and spent a good portion of the day trying to get back to its best levels. It nearly... Read More
February 12, 2019
The S&P 500 gained 1.3% on Tuesday, as optimism that U.S. lawmakers reached a tentative agreement to prevent another government shutdown helped fuel broad-based buying interest. Investors also remained hopeful for progress on the ongoing U.S-China trade talks.
The Dow Jones Industrial Average gained 1.5%, the Nasdaq Composite gained... Read More
February 11, 2019
The S&P 500 increased 0.1% on Monday in a lackluster session. The major averages wavered around their flat lines throughout the day with investors preferring to wait and see for progress on U.S.-China trade talks.
The Nasdaq Composite gained 0.1%, and the Dow Jones Industrial Average lost 0.2%. The... Read More
February 8, 2019
The S&P 500 declined as much as 0.9% on Friday as follow-through selling and an effort to de-risk sent the broader market lower. However, steady buying interest throughout the afternoon, and a last-minute swarm of buying interest, lifted the S&P 500 to a gain of 0.1%.
The Nasdaq Composite... Read More
February 7, 2019
The S&P 500 lost 0.9% on Thursday, as recurring concerns about a slowdown in global growth and the prospects of a U.S.-China trade deal weighed on investor sentiment. In addition, an underlying sense that the market was due for a pullback also fueled broad-based profit taking.
The Dow Jones Industrial... Read More
February 6, 2019
The S&P 500 lost 0.2% on Wednesday in a lackluster trading session. The benchmark index traded with modest losses nearly the entire day with price action dictated by the underperformance of the entertainment software stocks, the outperformance of the semiconductor stocks, and an underlying sense that the market was due... Read More
February 5, 2019
The S&P 500 gained 0.5% on Tuesday, although it ran into some resistance at its 200-day moving average (2741.76) during the session. The Dow Jones Industrial Average gained 0.7%, the Nasdaq Composite gained 0.7%, and the Russell 2000 gained 0.2%.
The S&P... Read More
February 4, 2019
The S&P 500 gained 0.7% on Monday with shares of mega-cap companies leading the advance. The Dow Jones Industrial Average gained 0.7%, the Nasdaq Composite gained 1.2%, and the Russell 2000 gained 1.0%.
A mega-cap rally characterized the day's trading action for most of the session with buying interest... Read More
February 1, 2019
Wall Street finished mixed on Friday, as investors digested better-than-expected economic data while shares of Amazon (AMZN 1626.23, -92.50, -5.4%) fell on disappointing guidance. The S&P 500 added 0.1%, increasing its weekly gain to 1.6%.
The Dow Jones Industrial Average (+0.3%), the Nasdaq... Read More
January 31, 2019
The S&P 500 gained 0.9% on Thursday, as another batch of better-than-feared earnings added to the optimism surrounding U.S.-China trade relations and a dovish-minded Federal Reserve. The Nasdaq Composite gained 1.4%, and the Russell 2000 gained 0.8%.
The Dow Jones Industrial Average, however, lost 0.1%... Read More
January 30, 2019
The S&P 500 is up 0.9%, as positive reactions to earnings results from Dow components Apple (AAPL 162.76, +8.08, +5.2%) and Boeing (BA 390.09, +25.03, +6.9%) have fueled a broad-based rally effort. In addition, there is some underlying optimism that the U.S-China trade talks, which began today in Washington, and the... Read More
January 29, 2019
Wall Street closed on a mixed note on Tuesday, with the S&P 500 losing 0.2%, ahead of a big batch of earnings reports. The market has heard its share of guidance cuts during the Q4 earnings season so far, which presumably led investors... Read More
January 28, 2019
The S&P 500 declined as much as 1.5% on Monday, as warnings from Caterpillar (CAT 124.37, -12.49, -9.1%) and NVIDIA (NVDA 138.01, -22.14, -13.8%) catalyzed early selling efforts. The benchmark index, however, ended the day down 0.8% and finished near its best levels of the session.
The Dow Jones Industrial... Read More
January 25, 2019
The S&P 500 gained 0.9% on Friday as positive-sounding headlines, which included the temporary reopening of the government, helped lift investor sentiment. Friday's gains helped pare the benchmark index's weekly losses to 0.2%.
The Dow Jones Industrial Average (+0.8%) and the Nasdaq Composite (+1.3%) squeezed out weekly gains of... Read More
January 24, 2019
The S&P 500 eked out a gain of 0.1% on Thursday as it wavered between small gains and losses throughout the day. Another round of better-than-expected corporate earnings coupled with ongoing global growth concerns contributed to a mixed session on Wall Street.
The Dow Jones Industrial Average lost 0.1%,... Read More
January 23, 2019
The S&P 500 gained 0.2% on Wednesday in what was an uneven day of trading. The benchmark index was up as much as 0.8% shortly after the start of trading, lost as much as 0.8% by midday, and teetered around its flat line for most of the afternoon.
The Dow Jones... Read More
January 22, 2019
The S&P 500 lost 1.4% on Tuesday, pulling back from short-term overbought conditions, with the narrative shifting back towards growth concerns. The Dow Jones Industrial Average lost 1.2%, the Nasdaq Composite lost 1.9%, and the Russell 2000 lost 1.7%.
10 of the 11 S&P 500 sectors finished lower... Read More
January 18, 2019
The S&P 500 gained 1.3% on Friday, boosted by trade talk optimism and waning concerns about the U.S. economic outlook. Friday's gains extended the benchmark index's weekly gain to 2.9%.
The Dow Jones Industrial Average (+1.4%), the Nasdaq Composite (+1.0%), and the Russell 2000 (+1.0%) also extended their weekly gains to 3.0%, 2.7%, and 2.4%, respectively.
Within the S&P 500, all 11 sectors finished higher with the cyclical energy (+1.9%), industrials (+1.9%), financials (+1.7%), and materials (+1.6%) groups leading the broader market higher.
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January 17, 2019
U.S. futures give back Wednesday's gains, as disappointing corporate results and lingering concerns over U.S.-China trade relations dampen investor sentiment. The S&P 500 futures trade 13 points, or 0.5%, below fair value.
Morgan Stanley (MS 41.85, -2.64, -5.9%) followed up yesterday's better than expected results reported by Goldman Sachs... Read More
January 16, 2019
The S&P 500 gained 0.2% on Wednesday, as strong earnings from Bank of America (BAC 28.45, +1.90, +7.2%) and Goldman Sachs (GS 197.08, +17.17, +9.5%) helped keep the rally going. The benchmark index was up as much as 0.6%, but succumbed to selling pressure... Read More
January 15, 2019
The S&P 500 gained 1.1% on Tuesday, as a shift to high-growth stocks helped the market rally past several earnings disappointments. The ability of the market to rally on bad news fed into a belief that the bad news was priced in already during the December rout, which in turn fueled hope that bargain-hunting efforts will keep the 2019 rally try going.
The Dow Jones Industrial Average gained 0.7%, the Nasdaq Composite gained 1.7%, and the Russell 2000 gained 0.9%.
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January 14, 2019
The S&P 500 lost 0.5% on Monday, pulling back from a three-week winning streak. The benchmark index never traded in positive territory but it did cut its intraday losses in half. The Dow Jones Industrial Average (-0.4%) also finished off its... Read More
January 11, 2019
The S&P 500 (-0.01%) finished just a hair below its flat line on Friday. The benchmark index never traded in positive territory but did close at its session high. It also finished the week with a gain of 2.5%.
The Dow Jones Industrial Average (unch), the Nasdaq Composite (-0.2%),... Read More
January 10, 2019
The S&P 500 gained 0.5% on Thursday, extending its winning streak to five straight sessions. The Dow Jones Industrial Average gained 0.5%, the Nasdaq Composite gained 0.4%, and the Russell 2000 gained 0.5%.
10 of the 11 S&P 500 sectors finished higher with real estate (+1.6%), utilities (+1.4%), and industrials... Read More
January 9, 2019
The S&P 500 gained 0.4% on Wednesday, helped by softening trade tensions, easing anxieties over U.S. monetary policy, and rebounding oil prices ($52.20/bbl, +$2.54, +5.1%). The Dow Jones Industrial Average gained 0.4%, the Nasdaq Composite gained 0.9%, and the Russell 2000 gained 0.9%.
span... Read More
January 8, 2019
The S&P 500 rose 1.0% on Tuesday, notching its third straight day of gains and its fifth in the last six sessions. The benchmark index did succumb to some early selling pressure, though, surrendering an early 1.2% gain. However, the wave of improved investor... Read More
January 7, 2019
The S&P 500 gained 0.7% on Monday, securing its fourth day of gains in the last five sessions. The Dow Jones Industrial Average gained 0.4%, the Nasdaq Composite gained 1.3%, and the Russell 2000 outperformed with a gain of 1.8%.
The major averages opened the session to some tepid... Read More
January 4, 2019
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January 3, 2019
The S&P 500 dropped 2.5% on Thursday, as a revenue warning from Apple (AAPL 142.19, -15.73, -10.0%) and weak manufacturing data stoked worries about a slowdown in global economic growth. The Dow Jones Industrial Average lost 2.8%, the Nasdaq Composite lost 3.0%, and the Russell 2000 lost 1.8%.
Nine of... Read More
January 2, 2019
Wall Street finished slightly higher on Wednesday despite global economic growth concerns and volatility extending their reach into 2019. The S&P 500 managed to squeeze out a gain of 0.1% after being down as much as 1.6% in the opening minutes.
The Dow Jones Industrial Average (+0.1%), the Nasdaq... Read More
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