Markets / Commentaries
Stock Market Today: June 22, 2018
Robert Mitkowski and Robert Harrington | 06/22/2018
The U.S. indexes finished a difficult week of trading on a mixed-to-positive note Friday. While the NASDAQ and small-cap Russell 2000 struggled throughout, with the latter slipping for the second day in a row after hitting an all-time high on Wednesday. Today, the broad-based S&P 500 exhibited strength from bell to bell, while the Dow Jones Industrial Average realized the largest advance.
Markets / CommentariesStock Market Today: June 21, 2018
William G. Ferguson and Adam Rosner | 06/21/2018
The U.S. stock market got off to weak start this morning, and continued to retreat for much of the afternoon. At the end of trading, the Dow Jones Industrial Average was down 196 points; the broader S&P 500 Index was off 18 points; and the NASDAQ was lower by 69 points.
Markets / CommentariesStock Market Today: June 20, 2018
Robert Mitkowski and Adam Rosner | 06/20/2018
The U.S. stock market put in a mixed, but selectively constructive session today, as traders seemed less concerned about America’s international trade situation. At the end of the day, the Dow Jones Industrial Average was down 42 points, while the broader S&P 500 Index was ahead five points, and the NASDAQ was higher by 56 points.
Markets / CommentariesStock Market Today: June 19, 2018
William G. Ferguson and Mario Ferro | 06/19/2018
The U.S. equity markets opened today’s session down sharply, but things improved modestly as the day wore on. The continued slide in stocks was largely attributed to escalating trade tensions between the U.S. and China. Over the weekend, China declared a new round of tariffs on U.S. goods in response to the 25% duties on $50 billion of Chinese merchandise announced by the Trump administration last Friday.
Markets / CommentariesStock Market Today: June 18, 2018
William G. Ferguson and Robert Harrington | 06/18/2018
Fears of a trade war continued to pressure large-cap stocks during Monday’s mixed session, with the multinational-heavy Dow Jones Industrial Average shedding more than 250 points at its morning nadir. But like on Friday’s dramatic session, the indexes pared their losses to varying degrees as the day wore on, with an additional surge that saw each of the composites recover considerably.
Markets / CommentariesStock Market Today: June 15, 2018
Harvey S. Katz, CFA and Robert Harrington | 06/15/2018
Resurgent fears of a trade war and increased global oil supplies stoked a steep selloff for most of Friday, before a late-in-the-day rally ended up capping the indecisive week on only a slightly negative note. Indeed, news that the United States was planning to implement 25% tariffs on $50 billion in Chinese exports set the stage for the bearish tone that persisted through the early afternoon.
Markets / CommentariesStock Market Today: June 14, 2018
Harvey S. Katz, CFA and Adam Rosner | 06/14/2018
The U.S. stock market put in a generally constructive session today. True, the Dow Jones Industrial Average was down 26 points. But the broader S&P 500 Index was up seven points, and the NASDAQ was higher by 65 points. Market breadth was favorable, too, as advancers managed to outnumber decliners on the NYSE. The technology and consumer cyclical stocks moved nicely higher, offsetting declines in the financial and energy names.
Markets / CommentariesThe Federal Reserve Does The Expected, But Says What Was Unexpected
Harvey S. Katz, CFA | 06/13/2018
This afternoon, an increasingly transparent Federal Reserve Board raised its target on the federal funds rate by 25 basis points, or one-quarter of a percentage point. That move was widely expected and taken by itself should not have elicited much reaction by the markets. What Wall Street was not necessarily expecting was a suggestion that the lead bank was aiming for two additional rate hikes this year.
Markets / CommentariesStock Market Today: June 13, 2018
Harvey S. Katz, CFA and Robert Mitkowski | 06/13/2018
Save for a little strength in the technology stocks, the major market averages were quiet for most of the day as investors awaited word from the Federal Reserve on its outlook for inflation and interest rates. Stocks weakened into the close, and finished near their lows for the day. All told, the Dow Jones Industrial Average was off 120 points; the S&P 500 gave back 11 points; and the NASDAQ fell eight points. More stocks fell than rose, indicating an uninspired tone to trading.