Markets / Commentaries
Stock Market Today: February 23, 2017
Harvey S. Katz, Mario Ferro, and Robert Harrington | 02/23/2017
Thursday’s market breadth was roughly even, with widespread selling amongst mid- and small-cap equities offsetting an afternoon rally principally by the Dow Jones Industrial Average. After solid openings, and subsequent pullbacks into the red, the Dow and, to a lesser degree, the S&P 500 strengthened as the day wore on. The former added 35 points on its way to setting yet another all-time closing high, while the latter salvaged a modest gain by the closing bell. The NASDAQ, meanwhile, was unable to turn its fortunes around, and saw the end of its fifteen-day streak of gains.
Markets / CommentariesStock Market Today: February 22, 2017
Harvey S. Katz, William G. Ferguson, and Robert Mitkowski | 02/22/2017
It was harder to find buyers on Wall Street today as stocks broadly fell, although the Dow Jones Industrial Average was an exception, turning in a modest 33-point gain. Elsewhere, though, the tone was tilted to the downside, with the NASDAQ easing five points and the broader S&P 500 pulling back a few points. The market’s tone was perhaps most evident in the poor advance-decline lines apparent on both the New York Stock Exchange and the NASDAQ, where losers topped winners by respective 4-to-3 and 3-to-2 margins.
Stocks / HighlightsDow 30 Earnings: The Home Depot Fiscal Fourth Quarter 2016
Matthew E. Spencer | 02/21/2017
Shares of The Home Depot (HD) were little changed after the world's largest home-improvement retailer announced fiscal fourth-quarter (ended January 29th) results, updated its outlook, and increased its shareholder return initiatives.
Stocks / HighlightsDow 30 Earnings: Wal-Mart Stores Fiscal Fourth Quarter 2016
Kevin Downing | 02/21/2017
Wal-Mart (WMT) announces better-than-anticipated fiscal fourth-quarter sales and earnings, sending shares modestly higher.
Markets / CommentariesStock Market Today: February 21, 2017
Harvey S. Katz and Robert Harrington | 02/21/2017
The major U.S. indexes climbed to record highs on Tuesday, the first day of the holiday-shortened trading week. A mostly positive earnings season and improving economic data have buoyed this latest chapter of the Trump rally, which assumes the President’s business-friendly initiatives will lead to greater prosperity in the corporate world. The S&P 500, Dow Jones Industrial Average, and NASDAQ each set new high water marks a little over an hour into trading, and while the gains were slightly reduced around lunchtime in New York, all three regained some momentum as the closing bell neared.
Stocks / HighlightsUsing The Value Line Page: Visa, Every Share You Want To Grow
J. Susan Ferrara | 02/17/2017
Visa (V) continues to be on a roll. As one of the top gainers of the Dow, shares of the electronic payment processing service provider have surged about 10% since the start of the year. The investment community has apparently been pleased with what it has seen so far, and it continues to keep the blue chip on its radar, with good reason. Indeed, investors applauded the company’s latest performance in the December quarter, as both revenues and earnings per share jumped 25% each from the year-earlier tallies.
Markets / CommentariesStock Market Today: February 17, 2017
Harvey S. Katz, Adam Rosner, and Robert Mitkowski | 02/17/2017
Stocks finished a record-setting week mixed, with modest gains on the major averages contrasted by more declining than rising issues on the Big Board, although more stocks rose than fell on the NASDAQ. After being down all day, the Dow Jones Industrial Average turned slightly positive right at the close, up four points; the S&P was also higher by about four points; and the NASDAQ rose 24 points.
Stocks / HighlightsDow 30 Earnings: Cisco Systems Second Quarter Fiscal 2017
Kevin Downing | 02/16/2017
Shares of networking equipment maker and Dow-30 component Cisco Systems (CSCO) edge higher following the release of fiscal second-quarter results.
Markets / CommentariesStock Market Today: February 16, 2017
Harvey S. Katz, Robert Harrington, and Adam Rosner | 02/16/2017
Equities retreated earlier today, but managed to recover some ground in the afternoon. At the close of trading, the Dow Jones Industrial Average was up eight points, while the broader S&P 500 Index was off two points, and the NASDAQ was lower by five points. Market breadth was still negative, as losers were ahead of winners on the NYSE.