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112 Albany Street, Cazenovia, NY 13035 (315) 655-2964 Toll Free: 1-800-659-8044
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December 30, 2011 U.S. stocks began the final trading day of the year mildly lower with Europe’s troubles in view. Ahead of Friday’s opening bell, Spain’s new government unveiled austerity measures and said it expects a 2011 budget gap of nearly 8%. The Dow Jones Industrial Average fell 12 points to... Read More
December 23, 2011 U.S. stocks opened with modest gains Friday after economic data had durable goods rising in November by the most in four months. A separate report had consumer spending rising less than forecast last month. The Dow Jones Industrial Average added 13 points to 1,2182. The S&P 500 added... Read More
December 16, 2011 U.S. stocks open higher after a report showed the cost of living held flat in November, bolstering the Federal Reserve’s take that inflation is not an issue now for the U.S. economy. The Dow Jones Industrial Average rose 92 points to 11,961. The S&P 500 added 10 points... Read More
December 9, 2011 U.S. stocks climbed on Friday, with financial companies pacing the gains, after European leaders agreed to closer fiscal ties and other measures to tackle the region’s debt crisis. The Dow Jones Industrial Average rose 77 points to 12,075. The S&P 500 Index added 8 points to 1,243. The... Read More
December 2, 2011 U.S. stocks opened higher on Friday after monthly data showed the U.S. jobless rate fell to a two-and-a-half year low. Comments from Angela Merkel reiterating Germany’s strong backing for the euro is also lending support. The Dow Jones Industrial Average climbed 91 points to 12,111. The S&P 500... Read More
November 25, 2011 European markets are not getting any better as Italian and Spanish debt yields rise further following a discouraging Italian auction where the Italian 10-year yield rose to 7.28% after the country paid a record 6.5% in a 10 billion euro 6-month bond auction today. Our markets opened... Read More
November 18, 2011 U.S. stocks opened mostly higher on Friday after a two-day slide, with investors relieved over falling bond yields in Spain and Italy. The Dow Jones Industrial Average rose 42 points to 11,813. The S&P 500 Index added 2 points to 1,218. The Nasdaq Composite fell 4 points to... Read More
November 11, 2011 U.S. stocks began Friday with robust gains as Italian bond yields fell following the Italian Senate’s approval of austerity measures. The Dow Jones Industrial Average climbed 207 points to 12,101 with all 30 of its components gaining ground, led by Walt Disney, up 6.6%, after the theme-park... Read More
November 4, 2011 U.S. stocks opened lower Friday as Europe’s debt troubles overshadowed a drop in the U.S. jobless rate. The Dow Jones Industrial Average fell 89 points to 11,954. The S&P 500 Index fell 10 points to 1,250. The Nasdaq Composite fell 17 points to 2,680. The earnings keep... Read More
October 28, 2011 U.S. stocks opened modestly lower on Friday, with investors taking a breather after a two-day leap that took the Dow up 500 points thanks to solid earnings and encouraging developments out of Europe. The Dow Jones Industrial Average retreated 17 points to 12,191, with 14 of its... Read More
October 21, 2011 U.S. stocks opened more than 1% high on Friday, buoyed by solid earnings growth at McDonald’s and more positive sentiment about the outlook for Europe devising a solution to its sovereign debt and banking crisis. The Dow Jones Industrial Average rose 133 points, or 1.2%, to 11,675.... Read More
October 14, 2011 U.S. stocks opened higher Friday, with the Dow Jones Industrial Average joining the Nasdaq Composite in positive territory for the year, as investors welcomed a surge in retail sales and an upbeat earnings report from search engine Google. The Dow industrials rose 125 points to 11,603. The... Read More
October 7, 2011 U.S. stocks opened mostly higher on Friday after the September nonfarm payrolls report came in better than predicted hopefully easing some recession fears. The Dow Jones Industrial Average rose 75 points to 11,198. The S&P 500 Index inched up a fraction to 1,165. The Nasdaq Composite Index... Read More
September 30, 2011 U.S. stocks tumble to start the day on data showing American incomes fell in August combined with poor Chinese manufacturing data. The Dow Jones Industrial Average fell 135 points, or 1.2%, to 11,018, led by a 2.8% drop in American Express, while JPMorgan Chase and Caterpillar shed... Read More
Sept 23, 2011 U.S. stocks declined Friday with Wall Street on alert for indications policy makers would take additional steps to bolster the global economy. The Dow Jones Industrial Average fell 63 points to 10,670. The S&P 500 Index dropped 4 points to 1,125. The Nasdaq Composite declined 4 points... Read More
Sept 16, 2011 U.S. stocks opened higher on Friday ahead of a measure of consumer confidence that could show improvement in September from last month. The Dow Jones Industrial Average rose 65 points to 11,498. The Standard & Poor’s 500 Index climbed 5 points to 1,215. The Nasdaq Composite Index... Read More
Sept 9, 2011 U.S. stocks opened sharply lower on Friday after Reuters reported that European Central Bank Governing Council member Juergen Stark would resign amid disputes over the central bank’s bond-buying program. The Dow Jones Industrial Average fell 178 points to 11,117. The Standard & Poor’s 500 Index declined 16... Read More
September 2, 2011 U.S. stocks opened sharply lower on Friday, pushing the Dow Jones Industrial Average into negative territory for the week, after the Labor Department reported payrolls remained unchanged in August. “The story it’s telling is August was pretty weak. The debt debate in Washington hurt business confidence, and... Read More
August 26, 2011 U.S. stocks opened modestly lower on Friday as Wall Street waited for Federal Reserve Chairman Ben Bernanke’s speech on the economy. The Dow Jones Industrial Average declined 66 points to 11,083. The Standard & Poor’s 500 Index fell 5 points to 1,154. The Nasdaq Composite Index dropped... Read More
August 18, 2011 U.S. stocks opened sharply lower, with the Dow Jones Industrial Average down more than 300 points, on worries about Europe and the global economy coming under pressure. The Dow Jones Industrial Average fell 310 points to 11,100. The Standard & Poor’s 500 Index declined 37 points to... Read More
August 12, 2011 U.S. stocks opened with robust gains on Friday after an encouraging report on retail sales in July bolstered sentiment ahead of consumer-confidence data. The Dow Jones Industrial Average rose 126 points to 11,117. The Standard & Poor’s 500 Index climbed 12 points to 1,185. The Nasdaq Composite... Read More
August 5, 2011 Volatility continued during Friday’s trade, but stocks finished the day in mixed fashion. That made for a dull conclusion to the worst week of trade in more than two years. Weakness from the prior session’s precipitous drop had lingered ahead of today’s open, but stocks were able... Read More
July 29, 2011 U.S. stocks opened sharply lower and Treasury prices rallied Friday after the government said the economy grew less than forecast in the second quarter and the ongoing political drama in Washington had the nation moving nearer to default. The Dow Jones Industrial Average fell 108 points to... Read More
July 22, 2011 U.S. stocks struggled Friday after a mostly lower start as Wall Street stumbled over equipment maker Caterpillar lower-than-expected quarterly earnings. The Dow Jones Industrial Average fell 4 points to 12,718, with component Caterpillar down 6.4%. The Standard & Poor’s 500 Index rose a point to 1,344. The... Read More
July 15, 2011 U.S. stocks open higher thanks to better than expected earnings from Google and a number of M&A deals. The Dow Jones Industrial Average rose 46 points to 12,483. The Standard & Poor’s 500 Index rose 7 points to 1,316. The Nasdaq Composite Index rose 22 points to... Read More
July 8, 2011 Our two week rally came to a halt today due to another disappointing monthly unemployment number. The Dow Jones Industrial Average fell 103 points to 12,617. The S&P 500 lost 13 points, or 1%, to 1,340. The Nasdaq Composite fell 27 points to 2,846. The bulls were... Read More
July 1, 2011 U.S. stocks opened slightly lower to start July and the third quarter following a four day, 4% rally to end the month of June. The Dow Jones Industrial Average fell 3 points to 12,410. The Standard & Poor’s 500 Index declined a point to 1,318. The Nasdaq... Read More
June 24, 2011 The markets remain on shaky ground. Mixed earnings reports and better than expected GDP and durable goods numbers did little to support the averages. The Dow Jones Industrial Average fell 24 points to 12,025. The Standard & Poor’s 500 Index declined a point to 1,282. The... Read More
June 16, 2011 U.S. stocks wavered at the start thanks to better-than-expected data on U.S. housing and jobs. The Dow Jones Industrial Average rose 16 points to 11,914. The Standard & Poor’s 500 Index added 2 points to 1,268. The Nasdaq Composite Index fell half a point to 2,631. In... Read More
June 10, 2011 U.S. stocks opened lower on Friday, with the benchmark indexes headed towards a sixth consecutive week of losses. Wall Street’s extended slide has come amid economic reports that have largely disappointed investors worried about the pace of the recovery. The Dow Jones Industrial Average fell 80 points... Read More
June 3, 2011 U.S. stocks slid sharply on Friday after the government reported tepid jobs growth in May, with the addition of 54,000 to nonfarm payrolls, a fraction of the increase expected by many analysts. “The employment report simply states that the U.S. economy is slipping again, maybe temporarily maybe... Read More
May 27, 2011 U.S. stocks opened higher on Friday after the Group of Eight leaders, at a two-day summit in France, noted that a strengthening global economy would lead to debt reductions. The Dow Jones Industrial Average rose 49 points to 12,452. The Standard & Poor’s 500 Index advanced 5... Read More
May 20, 2011 U.S. stock indexes opened lower on Friday, with Wall Street retreating after a two-day climb as retailers Gap and Aeropostale lowered 2011 forecasts. The Dow Jones Industrial Average fell 23 points to 12,581. The Standard & Poor’s 500 Index declined 2 points to 1,340. The Nasdaq Composite... Read More
May 13, 2011 Today is Triskaidekaphobia, the fear of the number 13 particularly on Fridays. U.S. stocks wobble at the start after a report showing the cost of living climbed in April. The Dow Jones Industrial Average fell 4 points to 12,687. The Standard & Poor’s 500 Index fell nearly... Read More
May 6, 2011 The major averages jump over 1% to start the day thanks to better than expected April payrolls data reviving a market knocked down by heavy selling pressure within the commodity space. The Dow Jones Industrial Average rose 144 points to 12,728. The Standard & Poor’s 500 Index... Read More
April 29, 2011 U.S. stocks wobble at the start following disappointing earnings at Microsoft and lowered guidance from smart phone maker Research in Motion. The Dow Jones actually rose 25 points to 12,788 thanks to a 2.7% advance in Caterpillar following blowout earnings. The Standard & Poor’s 500 Index added... Read More
April 22, 2011 Closed for Good Friday. April 21, 2011 U.S. stocks opened higher on Thursday, with the Dow Jones Industrial Average at a multiyear high, as better-than-expected earnings once again support sentiment. The Dow Jones Industrial Average rose 24 points to 12,477. The Standard & Poor’s 500 Index added... Read More
April 15, 2011 U.S. stocks opened slightly higher on Friday after a series of economic reports took some of the sting from disappointing earnings results from search giant Google and Bank of America. The Dow Jones Industrial Average gained 18 points to 12,303. The Standard & Poor’s 500 Index rose... Read More
April 8, 2011 U.S. stocks on Friday opened with a modest rebound from the prior day’s losses, but the gains could be hindered as oil prices ran up to levels not seen since September 2008. The Dow Jones Industrial Average rose 29 points to 12,439. The Standard & Poor’s 500... Read More
April 1, 2011 U.S. stocks started the new month on a high note after the government reported employers in March added more jobs than expected and the unemployment rate unexpectedly fell to 8.8%. The Dow Jones Industrial Average rose 51 points to 12,371. The Standard & Poor’s 500 Index climbed... Read More
March 25, 2011 U.S. stocks on Friday opened higher to extend gains into a fourth straight day after the government said the U.S. economy grew more rapidly than some thought at the end of last year. The Dow Jones Industrial Average rose 36 points to 12,206. The Standard & Poor’s... Read More
March 18, 2011 U.S. stocks opened sharply higher as Wall Street welcomed news of a ceasefire in Libya and a coordinated effort by industrialized nations to bring the Japanese yen down from historic highs. The Dow Jones Industrial Average rose 144 points to 11,919 led by a 2% rally in... Read More
March 11, 2011 U.S. stocks opened slightly lower Friday after an 8.9 earthquake in Japan provided a new bout of uncertainty to global markets already rattled by oil prices and Middle East unrest. The Dow Jones Industrial Average declined 25 points to 11,958. The S&P 500 dipped a point to... Read More
March 4, 2011 U.S. stocks opened mildly lower Friday, a day after equities posted their biggest gain in three months, as the February jobs report sparked worries that earnings growth might not be keeping up with rising energy costs. The Dow Jones Industrial Average fell 4 points to 12,253. The... Read More
February 25, 2011 U.S. stocks opened higher Friday, with equities rebounding after a recent string of losses that came with a surge in crude prices. The Dow Jones Industrial Average rose 40 points to 12,108. The Standard & Poor’s 500 Index climbed 7 points to 1,313. The Nasdaq Composite added... Read More
February 18, 2011 U.S. stocks opened unchanged as many investors were reluctant to make big moves ahead of the long holiday weekend. The Dow Jones Industrial Average declined 3 points to 13315. The Standard & Poor’s 500 Index dipped a point to 1,339. The Nasdaq Composite gained a fraction to... Read More
February 11, 2011 U.S. stock indexes opened lower on Friday as Wall Street continues to track reports that Egyptian President Hosni Mubarak won’t step down. The Dow Jones Industrial Average fell 44 points to 12,184. The Standard & Poor’s 500 Index dipped 5 points to 1,316. The Nasdaq Composite declined... Read More
February 4, 2011 U.S. stocks sputter on the open as investors mulled a largely disappointing monthly jobs report. The Dow Jones Industrial Average fell 10 points to 12,052. The Standard & Poor’s 500 Index declined a point to 1,305. The Nasdaq Composite fell nearly 2 points to 2,751. The averages... Read More
January 28, 2011 U.S. stocks edged higher to start Friday’s session, with the government reporting economic expansion gathered steam in the final quarter of 2010, albeit a tad under forecasts. The Dow Jones Industrial Average rose 6 points to 11,995. The Standard & Poor’s 500 Index added nearly a point... Read More
January 21, 2010 U.S. stocks opened higher on Friday led by better than expected earnings from the likes of General Electric and Google. The Dow Jones Industrial Average rose 57 points to 11,880 thanks to a 5% jump in GE. The Standard & Poor’s 500 Index added 7 points to... Read More
January 14, 2010 U.S. stocks opened lower on Friday after China hiked its bank-reserve requirements and U.S. economic data showed consumer prices climbing in December due in part to the rising cost of gasoline. The Dow Jones Industrial Average declined 14 points to 11,717. The Standard & Poor’s Index opened... Read More
January 7, 2011 U.S. stocks struggle to rally following a disappointing December jobs report. The Dow Jones Industrial Average inched up 5 points to 11,702. The Standard & Poor’s 500 Index opened up a fraction at 1,274. The Nasdaq Composite fell 3 points to 2,706. The economy only added 113,000... Read More