Stock Market Today

Friday, June 23 2017

Daily Updates

Stock Market Today: June 22, 2017

Harvey S. Katz and Adam Rosner | 06/22/2017

The stock market got off to a tentative start, made considerable progress for much of the afternoon, but weakened in the final hour of the session. At the end of the day, the Dow Jones Industrial Average was down 13 points; the broader S&P 500 Index was off slightly; while the NASDAQ clung to a modest gain.

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Markets Commentaries

The Beige Book

Harvey S. Katz | 05/31/2017

The Federal Reserve's Beige Book review of the nation's economy was issued earlier this afternoon and it was received with a yawn. Specifically, the stock market, off modestly before the release, with the Dow Jones Industrial Average down some 40 points, or so, barely moved in the first minutes following the publication.

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Stocks Highlights

Dow 30 Earnings: Wal-Mart Stores Fiscal First Quarter 2017

Kevin Downing | 05/18/2017

General merchandise retailer, Wal-Mart Stores, (WMT) reported marginally better-than-expected results for the fiscal first quarter (years end January 31st). Total revenue rose 2.5% to $118.8 billion, slightly higher than our $118.0 billion estimate. Earnings per share of $1.00 came in at the high end of the $0.90-$1.00 guidance range, and surpassed our call by $0.03. Encouragingly, this marked the first quarterly EPS increase in more than two years.

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