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Markets / Commentaries

Stock Market Today: May 26, 2017

Harvey S. Katz and Robert Harrington | 05/26/2017

Stocks spent most of today’s session moving in a sideways range around the neutral line, and ultimately ended on a mixed note. Some of the caution seen today may have to do with the fact that the market has logged a string of daily gains, and may be in need of a pause. In addition, traders may be sitting on the sidelines, as a holiday weekend is approaching, and the market will be closed on Monday. At the close of trading, the Dow Jones Industrial Average was down about three points; the broader S&P 500 Index was up nearly a point; and the NASDAQ was higher by five points.

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Markets / Commentaries
Stock Market Today: May 25, 2017

Harvey S. Katz and Adam Rosner | 05/25/2017

The stock market made further progress today, extending the gains logged over the past several days. At the close of trading, the Dow Jones Industrial Average was ahead 71 points; the S&P 500 Index was up 11 points; and the NASDAQ was higher by 42 points. Market breadth was favorable, but not overly so, as advancers were just slightly ahead of decliners on the NYSE.

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Markets / Commentaries
Stock Market Today: May 24, 2017

Harvey S. Katz, William G. Ferguson, and Robert Mitkowski | 05/24/2017

The major stock averages turned in a constructive session today ahead of the upcoming long Memorial Day weekend. At the close, the Dow Jones Industrial Average was up 75 points; the NASDAQ was ahead 24 points; and the S&P 500 was six points higher. Market breadth was modestly positive, but it wasn’t until late in the day that the tide turned.

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Markets / Commentaries
Stock Market Today: May 23, 2017

Harvey S. Katz, Mario Ferro, and Adam Rosner | 05/23/2017

Stocks moved moderately higher today, adding to yesterday’s gains. At the end of trading, the Dow Jones Industrial Average was ahead 43 points; while the broader S&P 500 Index was up four points; and the NASDAQ was higher by five points. The tone was generally upbeat, as advancers outpaced decliners on the NYSE.

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Markets / Commentaries
Stock Market Today: May 22, 2017

William G. Ferguson and Adam Rosner | 05/22/2017

The stock market made some progress today, as we embarked on a new trading week. At the close of the session, the Dow Jones Industrial Average was ahead 90 points; the S&P 500 Index was up 12 points; and the NASDAQ was higher by 50 points. Market breadth showed broad based participation, with advancers well ahead of decliners on the NYSE.

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Markets / Commentaries
Stock Market Today: May 19, 2017

Harvey S. Katz, Robert Harrington, and Adam Rosner | 05/19/2017

Stocks opened higher this morning, strengthened further in the early afternoon, but softened some by the end of the day. At the close of trading, the Dow Jones Industrial Average was ahead 141 points; the broader S&P 500 Index was up 16 points; and the NASDAQ was higher by 29 points. Today's rally partially extends yesterday’s advance, and may suggest some commitment on the part of traders. However, the modest selling late that took place late in the day should not go unnoticed. It must be noted that the market has started to become quite volatile, due, in part, to mounting political concerns. For now, Wall Street is weighing the situation in Washington against a quite vibrant economy and corporate sector.

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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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Stocks / Highlights
Dow 30 Earnings: Cisco Systems Third Quarter Fiscal 2017

Kevin Downing | 05/18/2017

Shares of networking equipment maker and Dow-30 component Cisco Systems (CSCO) declined sharply following the release of fiscal third-quarter results and a weaker outlook.

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Markets / Commentaries
Stock Market Today: May 18, 2017

Harvey S. Katz, William G. Ferguson, and Adam Rosner | 05/18/2017

The stock market managed to recover some ground today, after yesterday’s steep selloff. At the close of trading, the Dow Jones Industrial Average was ahead 56 points; the broader S&P 500 Index was up nine points; and the NASDAQ was higher by 44 points. Market breadth was slightly favorable, as winners were modestly ahead of losers on the NYSE.

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