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112 Albany Street, Cazenovia, NY 13035 (315) 655-2964 Toll Free: 1-800-659-8044
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December 31, 2010 U.S. stock indexes opened lower on Friday as investors opted for taking profits in wrapping up a strong year of gains. The Dow Jones Industrial Average fell 9 points to 11,560. The Standard & Poor’s 500 Index declined a point to 1,256. The Nasdaq Composite dipped 3... Read More
December 24, 2010 U.S. markets are closed Friday for the Christmas holiday. December 23, 2010 U.S. stocks open modestly lower on this last trading day before Christmas. The Dow Jones Industrial Average rose fractionally to 11,559. The Standard & Poor’s Index declined a point to 1,257. The Nasdaq Composite fell... Read More
December 17, 2010 U.S. stocks on Friday opened modestly lower after the major averages retested the highs for the year or the last several days. 2010 has been pretty good to investors. The Dow Jones Industrial Average fell 21 points to 11,477. The S&P 500 Index fell a point to... Read More
December 10, 2010 U.S. stocks began higher on Friday as economic data illustrated increased demand for American goods overseas. The Dow Jones Industrial Average rose 7 points to 11,377. United Tech is higher after reaffirming estimates. The S&P 500 Index climbed a point to 1,234 while the Nasdaq Composite rose... Read More
December 3, 2010 U.S. stocks on Friday opened modestly lower after a disappointing November jobs report that had some questioning the data. “The market is going to react to it, but you do have to take it with a grain of salt,” said Marc Pado, U.S. market strategist at Cantor... Read More
11/26/10 U.S. stocks opened sharply lower Friday, as concerns over European sovereign debt and tensions between North and South Korea persisted, overshadowing the kick-off of the holiday shopping season. The Dow Jones Industrial Average fell 110 points to 11,077, with all but one of its 30 components trading lower. The... Read More
November 19, 2010 U.S. stocks opened lower Friday, retreating from their biggest single-day gains since November 4th. China is making news after ordering its banks to hold more cash in reserve to tame inflation. After Thursday’s 173-point rise, the Dow Jones Industrial Average fell 15 points to 11,165. The S&P... Read More
November 17, 2010 U.S. stocks opened tentatively higher with consumer companies fronting the rise after discount retailer Target projected robust holiday sales. The Dow Jones Industrial Average added half a point to 11,024. The S&P 500 Index rose a point to 1,179. The Nasdaq Composite added 7 points to 2,477.... Read More
November 5, 2010 U.S. stocks on Friday struggled to toss off opening losses after the government said employers added 151,000 jobs last month, more than double what economics had predicted. Shaking off mild losses, the Dow Jones Industrial Average added 4 points to 11,439. The S&P 500 rose a point... Read More
October 29, 2010 U.S. stocks opened mostly lower, with only the technology sector gaining after a report on economic growth showed tepid growth in the third quarter. The Dow Jones Industrial Average fell 14 points to 11,099. The S&P 500 Index fell a point to 1,182. The Nasdaq Composite gained... Read More
10/22/10 U.S. stocks made a shaky start to Friday’s trading session, supported by some stronger earnings reports but hemmed in by caution ahead of the weekend’s G-20 meetings. The Dow Jones Industrial Average slipped 2 points to 11,143. The S&P 500 gained 2 points to 1,182. The Nasdaq Composite rose... Read More
10/15/10 U.S. stocks opened higher on Friday as Federal Reserve Chairman Ben Bernanke reassured investors that further monetary easing is ahead and the economic data demonstrated an ongoing improvement with benign inflation. The Dow Jones Industrial Average rose 28 points to 11,122. The S&P 500 climbed 5 points to 1,179.... Read More
10/8/10 U.S. stocks got off to a mixed start Friday after the September jobs report, which when viewed with its August revision, proved to be about in line with forecasts. The Dow Jones Industrial Average climbed 6 points to 10,954. The S&P 500 Index was off by a fraction at... Read More
October 1, 2010 U.S. stocks on Friday opened the new quarter with gains after data pointed to robust manufacturing growth in China. The Dow Jones Industrial Average gained 67 points to 10,856. The S&P 500 Index rose 8 points to 1,149. The Nasdaq Composite climbed 18 points to 2,387. A... Read More
September 24, 2010 U.S. stocks opened strongly higher with the Dow industrials up more than 100 points even though the August manufacturing data was much weaker than expected. The Dow Jones Industrial Average jumped 142 points to 10,805. The S&P 500 rose 15 points to 1,140. The Nasdaq Composite climbed... Read More
Sept 17, 2010 U.S. stocks opened higher on Friday, with Wall Street’s enthusiasm rising after another burst of M&A and robust results from the technology sector. The Dow Jones Industrial Average gained 50 points to 10,645. The S&P 500 Index rose 5 points to 1,130. The Nasdaq Composite climbed 13... Read More
Sept 10, 2010 U.S. stocks struggled and mostly failed to hold miniscule gains Friday ahead of U.S. wholesale data that should factor into final revisions for second-quarter economic growth. The Dow Jones Industrial Average fell 5 points to 10,409. The S&P 500 held a fractional gain to 1,104. The Nasdaq... Read More
Sept 3, 2010 U.S. stocks opened with robust gains on Friday after the August employment report continued a recent trend of economic data coming in better than feared. The Dow Jones Industrial Average rose 108 points to 10,427. The S&P 500 climbed 12 points to 1,103. The Nasdaq Composite gained... Read More
AUGUST 27, 2010 U.S. stocks opened higher on Friday, with Wall Street drawing initial cheer after the government’s estimate of second-quarter economic growth proved less dreary than anticipated. The Dow Jones Industrial Average rose 55 points to 10,041. The S&P 500 Index rose 5 points to 1,052. The Nasdaq... Read More
August 20, 2010 U.S. stocks fell further at the open Friday, adding to the sharp losses from the previous session which saw the latest batch of data continuing to signal a slowdown in the economy. The Dow Jones Industrial Average fell 53 points to 10,216, weighed down by a 1%... Read More
August 13, 2010 Triskaidekaphobia or the fear of the number 13 particularly on a Friday. We’ll see if its good or bad luck for the major averages today. At least on the open, U.S. stocks opened slightly higher following a week of heavy losses, as the latest batch of reports... Read More
August 6, 2010 U.S. stocks slumped at the open on Friday, after a bigger-than-expected drop in employment last month hit sentiment and revived concerns about the economy. The Dow Jones Industrial Average fell 70 points to 10,604, weighed down by more than 1% drops in shares... Read More
July 30, 2010 U.S. stocks fell sharply at Friday’s start after the government said economic growth was slower than estimated in the second quarter. “We don’t foresee a double-dip, but we do expected growth to slow even more markedly, to a 1.6% annualized rate in the second half of the... Read More
July 23, 2010 U.S. stocks slid at Friday’s start, with investors tentative ahead of European bank stress test results out at the lunch hour. The Dow Jones Industrial Average fell 26 points to 10,295. The S&P 500 Index dropped 4 points to 1,088. The Nasdaq Composite shed 11... Read More
July 16, 2010 U.S. stocks opened lower on Friday after Bank of America, Citigroup, and General Electric reported revenue below what Wall Street expected. The Dow Jones Industrial Average fell 57 points to 10,302. The S&P 500 Index dropped 8 points to 1,088. The Nasdaq Composite shed 14... Read More
July 9, 2010 U.S. stocks turned tentatively higher at the open due to renewed hopes about the global economy. Strong gains over the past three sessions have money managers optimistic about earnings season which starts next week. The Dow Jones Industrial Average rose a point to 10,139.83, led... Read More
July 6, 2010 U.S. stocks rallied at the start Tuesday as investors returned from a three-day weekend with abated worries about the global economy. The Dow Jones Industrial Average rose 105 points, or 1.1%, to 9,791. The S&P 500 gained 12 points to 1,035, with gains in all industry... Read More
July 2, 2010 U.S. stocks opened modestly higher on Friday following a luke warm monthly jobs report which produced 83,000 jobs, but less than expected. The bottom line, the recovery is progressing but it seems to be very slow. Rising after six consecutive down days, the Dow Jones... Read More
June 23, 2010 U.S. stocks opened down slightly on Wednesday, while investors await data on housing and the Federal Reserve’s decision on interest rates in the afternoon. The Dow Jones Industrial Average fell 10 points to 10,282. The S&P 500 index fell a point to 1,094. The Nasdaq... Read More
June 18, 2010 U.S. stocks edged higher at Friday’s start, with all three major indexes poised for weekly gains, with choppy trading likely due to a quarterly expiration of options and futures contracts. The Dow Jones Industrial Average rose 18 points to 10,452. The S&P 500 gained a... Read More
June 11, 2010 U.S. stocks started lower Friday, with consumer discretionary companies down the most, after an unexpectedly weak retail sales report. The Dow Jones Industrial Average fell 79 points to 10,093. The S&P 500 Index dropped 9 points to 1,077. The Nasdaq Composite declined 17 points to... Read More
June 4, 2010 U.S. stocks opened sharply lower on Friday as investors contended with a disappointing May employment report and the further decline of Europe’s common currency. The Dow Jones Industrial Average fell 155 points to 10,099. The S&P 500 Index declined 19 points to 1,083. The Nasdaq Composite... Read More
May 28, 2010 U.S. stocks opened lower on the final trading day of May, the worst month of May since 1962. Weakness in the euro is causing the U.S. dollar to move higher hurting the major averages and commodities. The Dow Jones Industrial Average fell 29 points to... Read More
May 21, 2010 U.S. stocks on Friday started to rally following a sharp opening drop, with investors reacting to a reverse higher by Europe’s common currency, the euro. Still on track for weekly losses of 5% and more, the major indexes edged up less than 1%. The Dow... Read More
May 14, 2010 U.S. stocks opened steeply lower on Friday with Europe’s debt debacle over-shadowing better than expected U.S. retail sales in April. The Dow Jones Industrial Average fell 95 points to 10,687. The S&P 500 Index shed 12 points to 1,144. The S&P 500 Index declined 30... Read More
May 7, 2010 U.S. stocks turned higher on Friday after an opening slide, with Wall Street looking at weekly losses of as much as 5%, and investors on shaky ground after the prior session’s wild action. Although at some point today the markets will probably try to scare... Read More
April 30, 2010 U.S. stocks opened mixed following better than expected first quarter GDP numbers while the government is considering criminal charges against investment bank Goldman Sachs. The Dow Jones Industrial Average rose 17 points to 11,184. The S&P 500 Index fell a point to 1,205. The... Read More
April 23, 2010 U.S. stocks open flat, but the news keeps coming in better than expected. The Dow Jones Industrial Average rose 5 points to 11,139. The S&P 500 Index opened flat at 1,208. The Nasdaq Composite held steady at 2,519. Plenty of spectacular earnings and upgrades this morning.... Read More
April 16, 2010 Todays a day for profit-taking after six days in a row of gains. Worries about the future growth of Internet giant Google and the good earnings news priced into shares of Bank of America and GE have the averages selling off. The Dow Jones Industrial Average... Read More
April 9, 2010 U.S. stocks opened higher Friday for a second day of gains as worries about Greece’s debt ebbed. The energy sector paced the gains as crude oil neared $86 a barrel. The Dow Jones Industrial Average added 17 points to 10,944. The S&P 500 Index climbed... Read More
April 2, 2010 Markets closed for Good Friday. April 1, 2010 U.S. stocks started strongly higher on Thursday, with commodities including oil and gold also rallying, after a fall in weekly jobless claims echoed positive data from overseas. Thoughts of increased global demand had energy and material companies rising. The... Read More
March 26, 2010 U.S. stocks opened higher, with financials fronting the cross-sector gains, with sentiment lifted after European leaders reached accord on a rescue plan for Greece. The Dow Jones Industrial Average added 31 points to 10,872. The S&P 500 Index rose 4 points to 1,169. The Nasdaq... Read More
March 19, 2010 U.S. stocks rose towards new 17-month highs at the open on Friday. The Dow Jones Industrial Average rose 15 points to 10,796, led by a 3% advance in shares of Boeing. The aerospace giant said it will boost production rates of its two major commercial... Read More
March 12, 2010 U.S. stocks opened higher on Friday, with equities heading toward weekly gains, after an unanticipated hike in retail sales provided another indication that the economic recovery is continuing. The Dow Jones Industrial Average added 25 points to 10,637. The S&P 500 Index rose a point to... Read More
March 5, 2010 U.S. stocks opened higher on Friday after a better-than-expected jobs report for February lifted equities, commodities and the dollar. The Dow Jones Industrial Average added 53 points to 10,497. The S&P 500 Index gained 6 points to 1,129. The Nasdaq Composite Index climbed 11 points to... Read More
February 26, 2010 U.S. stocks opened in an indecisive fashion on Friday after insurer American International Group reported a worse-than-expected loss and the government said the economy grew at a more rapid pace than previously estimated in the fourth quarter. The Dow Jones Industrial Average fell 13 points to... Read More
February 19, 2010 U.S. stocks opened moderately lower on Friday as investors reacted to the Federal Reserves move towards normalized lending. The Dow Jones Industrial Average fell 27 points to 10,365. The S&P 500 Index fell 4 points to 1,102. The Nasdaq Composite Index declined 8 points to 2,233.... Read More
February 12, 2010 U.S. stocks on Friday opened steeply lower after China unexpectedly hiked bank reserve requirements, adding to worries for investors already concerned about a possible default by Greece. The Dow Jones Industrial Average fell 131 points to 10,012. The S&P 500 Index shed 13 points to 1,065.... Read More
February 5, 2010 U.S. stocks open lower once again following the biggest drop since April of last year. This mornings’ government unemployment report is drawing mixed reviews. “If you drill down a bit, there’s more good news than bad,” said Art Hogan, chief market strategist at Jefferies &... Read More
January 29, 2010 U.S. stocks opened modestly higher on Friday after investors received upbeat data on the economy and positive results from the technology sector. The Dow Jones Industrial Average gained 32 points to 10,153. The S&P 500 Index rose 3 points to 1,088. The Nasdaq Composite added 16... Read More
January 22, 2010 U.S. stocks opened lower on Friday, extending losses into a third day, with concerns regarding the financials and the Chinese government making moves to cool its economy. The Dow Jones Industrial Average declined 20 points to 10,369. The S&P 500 Index fell a point to 1,114. The... Read More
Jan 8, 2010 U.S. stocks opened lower on Friday as investors registered initial dismay over a mostly disappointing jobs report. For the month of December the U.S. lost 80,000 jobs, however we did get a revised November employment number of a plus 4,000 jobs. The Dow Jones Industrial Average... Read More