Stock Market Today

Saturday, March 24 2018

Daily Updates

Stock Market Today: March 23, 2018

William G. Ferguson and Robert Mitkowski | 03/23/2018

Stocks were volatile again to close the week, with the Dow Jones Industrial Average trading in and out of correction territory for much of the session before ending sharply lower. Since late January, investors have seen the calm that pervaded the market during a remarkable bull run be disrupted first by fears of higher inflation and interest rates, and then by worries about escalating international trade tensions.

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Stocks Highlights

Dow 30 Earnings: NIKE, Inc. Third Quarter Fiscal 2018

Erik M. Manning | 03/23/2018

Footwear retailer NIKE (NKE) has reported results for its fiscal 2018 third quarter ended February 28th. Revenues and earnings both came in slightly below our initial targets, but were in line or beat the reduced figures that had been surfacing in the last few days on Wall Street. The headlines will read that a significant quarterly loss was posted, but this is directly tied to the changes in the tax code and will be excluded from our figures.

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Markets Commentaries

The Federal Reserve Votes To Raise Interest Rates in March 2018, As Expected

Harvey S. Katz, CFA | 03/21/2018

The Federal Reserve ended its latest FOMC meeting, and the first such gathering under the stewardship of Jerome Powell, and voted to raise the federal funds rate target by 25 basis points. The move to the higher rate level had been widely expected, with nearly 95% of those on the Street expressing an opinion having suggested such a course was likely.

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