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112 Albany Street, Cazenovia, NY 13035 (315) 655-2964 Toll Free: 1-800-659-8044
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January 1, 2010 Markets are closed. Happy New Year. December 31, 2009 U.S. stocks opened slightly higher on Thursday, and were set to post strong gains for the year, as a bigger-than-expected drop in jobless claims further boosted hopes for the economy to recover. The Dow Jones Industrial Average rose... Read More
December 25, 2009 Markets closed. Merry Christmas. December 24, 2009 U.S. stock indexes opened higher Thursday, supported by early reports that showed U.S. jobless claims in the latest week fell to 452,000 and orders for durable goods, excluding transportation, strengthened last month. S&P 500 rose 3 points to 1,123, led... Read More
December 18, 2009 U.S. stocks opened higher on Friday with sentiment lifted by better-than-expected earnings results from the technology sector. The Dow Jones Industrial Average gained 32 points to 10,340. The S&P 500 Index rose 4 points to 1,100. The Nasdaq Composite Index added 15 points to 2,195. In... Read More
December 11, 2009 U.S. stocks extended early Friday gains after an upbeat reading on consumer sentiment followed a better-than-expected U.S. retail sales report for November. The Dow Jones Industrial rose 55 points to 10,461. United Tech is up 2% after reiterating guidance. Alcoa is up 6% on an upgrade.... Read More
Dec 4, 2009 U.S. stocks opened robustly higher Friday after the November unemployment report exceeded expectations, with the unemployment rate falling from 10.2% in October to 10% last month. The Dow Jones Industrial Average gained 102 points to 10,468. The S&P 500 Index added 12 points to 1,112. The... Read More
November 27, 2009 U.S. stocks fell sharply at the open on Friday, as traders returned from the Thanksgiving holiday to be met by global nervousness over debt woes for Dubai World. The Dow Jones Industrial Average dropped 201 points, or 1.9%, to 10,261, weighed down by more than 3%... Read More
Nov 20, 2009 U.S. stocks tilted lower at Friday’s start as investors fled to the relative safety of the dollar and bonds. The Dow Jones Industrial Average fell 20 points to 10,312. The S&P 500 shed 3 points to 1,091. The Nasdaq Composite Index declined 12 points to 2,144.... Read More
Nov 13, 2009 It’s Friday the 13th, or in these parts, it’s Colgate Day. The markets open modestly higher with consumer discretionary shares fronting the gains following Walt Disney’s better than expected results. The Dow Jones Industrial Average rose 17 points to 10,214. Disney is trading up 4%.... Read More
Nov 6, 2009 U.S. stocks opened lower on Friday, with investors disheartened by the October jobs report, which had the unemployment rate hitting 10.2%. The Dow Jones Industrial Average fell 41 points to 9,964. The S&P 500 Index dropped 4 points to 1,062, while the Nasdaq Composite declined 5... Read More
Nov 6, 2009 U.S. stocks opened lower on Friday, with investors disheartened by the October jobs report, which had the unemployment rate hitting 10.2%. The Dow Jones Industrial Average fell 41 points to 9,964. The S&P 500 Index dropped 4 points to 1,062, while the Nasdaq Composite declined 5... Read More
October 30, 2009 U.S. stocks open lower following a strong rebound yesterday. The Dow Jones Industrial Average dropped 53 points to 9,911. The S&P 500 shed 5 points to 1,060. The Nasdaq Composite fell 4 points to 2,092. Better than expected economic data and earnings reports are not... Read More
October 23, 2009 U.S. stocks sputter on the start with only the technology-laden Nasdaq Composite retaining strong gains after Microsoft and Amazon’s earnings both easily topped expectations. The Dow Jones Industrial Average opened flat at 10,081. The S&P 500 rose a point to 1,093. The Nasdaq rose 17... Read More
October 16, 2009 U.S. stocks declined sharply at Friday’s start, with disappointing results from Bank of America, IBM, and General Electric. The Dow Jones Industrial Average fell 89 points to 9,973. Bank of America, IBM, and GE are all down over 4%. The S&P 500 declined 9... Read More
October 15, 2009 U.S. stocks opened lower on Thursday, a day after a strong rally took the Dow Industrials back above 10,000 for the first time in over a year. The Dow Jones Industrial Average fell 15 points to 9,998, with 17 of its 30 components trading lower.... Read More
October 14, 2009 U.S. stocks on Wednesday surged at the start, with investor sentiment lifted by retail sales and quarterly results from Intel and J.P. Morgan Chase. The Dow Jones Industrial Average rose 99 points to 9,970. The S&P 500 Index added 12 points to 1,085, while the... Read More
October 13, 2009 U.S. stocks on Tuesday struggled in mixed terrain shortly after the opening bell, with investors braced for more earnings after mixed results from health-care giant Johnson & Johnson. The Dow Jones Industrial Average fell 22 points to 9,863. J&J is down 3% even though they beat... Read More
October 2, 2009 U.S. stocks open sharply lower, extending the prior session’s steep decline, after the September jobs report indicated that job losses exceeded expectations and the rate of unemployment rose to 9.8%. The Dow Jones Industrial Average fell 58 points to 9,452. The S&P 500 dipped 7 points... Read More
September 25, 2009 U.S. stocks on Friday opened lower after the Commerce Department reported a disappointing decline in August orders for durable goods. The Dow Jones Industrial Average fell 25 points to 9,682. The S&P 500 Index dropped 3 points to 1,046. The Nasdaq Composite shed 11 points... Read More
September 18, 2009 U.S. stocks open higher once again on this triple witching day, with the major indexes on track for weekly gains of more than 2%, continuing the market’s recent rise to new highs for the year. The Dow Jones Industrial Average added 56 points to 9,840.... Read More
September 11, 2009 U.S. stocks edged higher shortly after Friday’s start, on this sober 9/11 or as its’ called today Patriots Day. The Dow Jones Industrial Average gained 8 points to 9,634. The S&P 500 Index added 2 points to 1,046, while the Nasdaq Composite inched up a... Read More
September 4, 2009 U.S. stocks open modestly higher following mixed economic data. In the month of August, job losses were less than expected, but the unemployment number rose to 9.7%, a 26 year high. The Dow Jones Industrial Average gained 24 points to 9,369. The S&P 500 Index added... Read More
U.S. stocks opened higher on Friday, with information technology shares fronting the gains after better-than-anticipated earnings from Dell and raised guidance at Intel. The Dow Jones Industrial Average added 25 points to 9,606. The S&P 500 Index climbed 6 points to 1,037, while the Nasdaq Composite advanced 28 points to... Read More
U.S. stocks kicked off Friday sharply higher with energy stocks in the lead with crude prices pushing to new highs of the year above $74 a barrel. The Dow Jones Industrial Average rose 45 points to 9,395. The S&P 500 Index added 6 points to 1,013 while the Nasdaq... Read More
August 14, 2009 U.S. stocks opened modestly lower on Friday, with the S&P 500 poised to snap a four-week winning streak, after benign economic data failed to bolster sentiment. The Dow Jones Industrial Average fell 35 points to 9,362. The S&P 500 Index shed 3 points to 1,009 while... Read More
August 7, 2009 U.S. stocks rallied at the open Friday, after the government reported the economy shed a smaller-than-forecast 247,000 jobs in July, while the unemployment rate unexpectedly fell back to 9.4%. The Dow Jones Industrial Average rose 85 points to 9,342, with all but one of its... Read More
July 31, 2009 U.S. stocks rose at the open Friday after the government said U.S. gross domestic production fell a not-as-bad-as-expected 1% in the second quarter. The Dow Jones Industrial Average gained 46 points to 9,201. The S&P 500 index rose 4 points to 991, while the Nasdaq... Read More
July 24, 2009 After a big two week run up, the averages are pulling back following disappointing earnings last night from Microsoft, Amazon, and American Express. The Dow Jones Industrial Average fell 25 points to 9,039. American Express is down 3% even though they beat estimates by a penny.... Read More
July 17, 2009 U.S. stocks opened slightly lower on Friday, with the market digesting more gains from the previous session and parsing through key earnings from Bank of America, IBM, General Electric and Citigroup. The Dow Jones Industrial Average fell 6 points to 8,705. Shares of Bank... Read More
July 10, 2009 U.S. stocks opened lower on Friday, with the broad market heading to a fourth consecutive week of losses, as investors faced uncertainty about the economic recovery and earnings report coming next week. The Dow Jones Industrial Average dropped 46 points to 8,137. The S&P 500 Index... Read More
June 25, 2009 U.S. stocks opened lower on Thursday, after the government reported an unexpected rise in claims for unemployment in the latest week, a day after the Federal Reserve stated continued worries over the economy but didn’t signal any plans to boost or curb liquidity.... Read More
June 19, 2009 U.S. stocks started higher on Friday, adding to the prior session’s gains, as investors shed recent worries about the economy in the wake of recent data. The Dow Jones Industrial Average gained 54 points to 8,610. The S&P 500 Index added 7 points to 925, while... Read More
June 12, 2009 U.S. stocks fell Friday, with the S&P 500 retrenching after hitting a seven-month high yesterday. Energy and commodity shares are lower along with the price of crude and gold. The Dow Jones Industrial Average fell 33 points to 8,736. The S&P 500 Index dropped 5 points to... Read More
June 5, 2009 U.S. stocks rallied at Friday’s start, with both the Dow Jones Industrial Average and the S&P 500 headed to a third consecutive week of gains, after the government reported a better than expected jobless claims for May. The Dow Jones Industrial Average rose 87 points to... Read More
May 29, 2009 U.S. stocks opened lower on Friday thanks in part to a modest revision to first-quarter GDP growth and a down beat regional manufacturing survey. The Dow Jones Industrial Average fell 11 points to 8,392. Today may be the last day for GM in the Dow.... Read More
May 22, 2009 It should be a quiet day as investors gear up for the holiday weekend. The Dow Jones Industrial Average rose 20 points to 8311. The S&P 500 inched up 2 points to 889 while the Nasdaq Composite Index rose 6 points to 1,698. Plenty of earnings... Read More
May 15, 2009 A quiet open to this option expiration day. Investors are not overly cheerful about economic reports indicating that consumer prices are holding steady or that the Empire Manufacturing Index is slowly improving. The Dow Jones Industrial Average edged 27 points higher to 8,358. The S&P 500 Index... Read More
May 8, 2009 U.S. stocks started higher on Friday, with investors heartened by Labor Department data illustrating a slowdown in job losses in April. The Dow Jones Industrial Average added 99 points to 8,509. McDonalds is up 3% on better than expected April sales. The S&P 500 rose 11... Read More
May 1, 2009 It’s May Day. U.S. stocks sputter at the start of this new month following April’s stellar performance. The Dow Jones Industrial Average fell 11 points to 8,156. The S&P 500 declined fractionally to 872 while the Nasdaq Composite opened flat at 1,717. The earnings keep flooding... Read More
April 24, 2009 U.S. stocks open higher thanks to better than expected earnings results at a number of companies including Ford Motor, American Express, and Microsoft. The Dow Jones Industrial Average rose 50 points to 8,007. The S&P 500 Index gained 6 points to 858, while the Nasdaq Composite... Read More
April 17, 2009 U.S. stocks on Friday opened mostly lower due to profit-taking as investors sorted through earnings from Citigroup and General Electric. The Dow Jones Industrial Average gained 7 points to 8,133. The S&P 500 Index declined a point to 863 while the Nasdaq Composite fell 10 points... Read More
April 10, 2009 Closed for Good Friday. April 9, 2009 U.S. stock futures jumped higher at Thursday’s start, with investors cheered after Wells Fargo surprise forecast of a record $3 billion profit for the first quarter. The Dow Jones Industrial Average jumped 113 points to 7,961. The S&P 500 Index... Read More
April 3, 2009 U.S. stocks open modestly higher, continuing gains into a fourth session straight, even though investors found little to cheer about regarding the March unemployment report, other than it was not as grim as expected. The Dow Jones Industrial Average gained 18 points to 7,996. The S&P 500... Read More
March 27, 2009 U.S. stocks on Friday opened sharply lower, scaling back the week’s large advance, after the government reported personal spending rose last month but personal income declined. The Dow Jones Industrial Average fell 100 points to 7,824. The S&P 500 Index shed 11 points to 820 while... Read More
March 20, 2009 U.S. stocks on Friday started higher, heading towards their first two-week stretch of gains since May 2008. The Dow Jones Industrial Average climbed 27 points to 7,428. The S&P 500 rose a point to 785 while the Nasdaq Composite gained 6 points to 1,489. The financials... Read More
March 13, 2009 U.S. stocks opened mixed on Friday the 13th with financials still inching higher. The Dow Jones Industrial Average rose 24 points to 7,190. The S&P 500 gained 2 points to 752 while the Nasdaq Composite declined 2 points to 1,424. The economic data is encouraging with... Read More
March 6, 2009 U.S. stocks bounce on the open even though the economic data gets worse. The Labor Department reported 651,000 lost jobs in February while unemployment hit a 25-year high of 8.1%. The Dow Jones Industrial gained 52 points to 6,646. The S&P 500 Index climbed 5 points... Read More
February 27, 2009 The major averages sank on the open following a revised fourth quarter GDP to negative 6.2% and the government’s plan to increase their stake in Citigroup to 36% diluting current shareholders. The Dow Jones Industrial Average fell 134 points to 7,047 which is a... Read More
February 20, 2009 The foreign markets and the U.S. markets keep pushing lower. No solution in sight for the financials or the housing market. The Dow dropped 135 points to 7330 after closing at a six year low in the prior session. Verizon and AT&T are both up 3%... Read More
February 13, 2009 It’s Friday the 13th. Stocks open lower on light volume ahead of a long holiday weekend. The Dow Jones Industrial Average fell 18 points to 7,913. The S&P 500 fell 3 points to 831. The Nasdaq Composite shed 5 points to 1,536. The financials are leading... Read More
February 6, 2009 The markets open higher even though the U.S. lost 598,000 jobs in January, the highest number since 1974. Unemployment jumped to 7.6%, the highest level since 1992. The Dow Jones Industrial Average gained 82 points to 8,145. The S&P 500 climbed 8 points to 854, while... Read More
January 30, 2009 The markets are breathing a sigh of relief this morning as the fourth-quarter gross domestic production fell just 3.8%. A bad number, but much less than expected. The Dow Jones Industrial Average gained 30 points to 8,176. Honeywell is up 3% after reaffirming 2009 earnings. P&G... Read More
January 23, 2009 The markets open lower once again as the economic and corporate outlook is not getting any better. The Dow Jones Industrial Average fell 172 points, or 2.1%, to 7,950. GE is down 3% on in-line guidance and a cautious outlook. The S&P 500 declined 16 points,... Read More
Jan 16, 2009 U.S. stocks are set to bounce on Friday, continuing the prior session’s bounce back as investors hope the government’s moves to shore up two of the country’s biggest banks will work. The Dow Jones Industrial Average rose 126 points to 8,339. The S&P 500 advanced 14... Read More
January 9, 2009 The much anticipated December monthly unemployment number was released and it wasn’t pretty. The U.S. lost 524,000 jobs in December and 2.6 million for all of 2008, the worse year since 1945. Unemployment jumped to 7.2%, the highest level since 1993. The Dow Jones Industrial Average... Read More
January 2, 2009 It’s the start of a new year and no one seems interested. The Dow Jones Industrial Average opened up 32 points at 8,809. The S&P 500 gained 2 points to 905, while the Nasdaq Composite rose a point to 1,578. 2009 starts with a few less... Read More