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Markets / Commentaries

Stock Market Today: July 17, 2019

07/17/2019 The equity market opened lower this morning, and was unable to recover any ground in the afternoon. In fact, some late-day selling made matters quite a bit worse. Traders were likely concerned that the second-quarter earnings season may show some signs of weakness forming in the corporate sector.
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Stocks / Highlights

Dow30 Earnings: Johnson and Johnson Second Quarter 2019

07/16/2019 Dow-30 member and healthcare conglomerate Johnson & Johnson (JNJ) has reported better-than-expected second-quarter financial results today. However, Wall Street was unimpressed and bid the stock lower in intra-day trading. We think that the pullback is tied to the investment community's concerns regarding ongoing lawsuits regarding JNJ's talc baby powder. Increased industry probes into the country's opioid epidemic may be in the back of the minds of some, too.
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Stocks / Highlights

Dow 30 Earnings: Goldman Sachs Second Quarter 2019

07/16/2019 StockHighlightsDow 30 Earnings Goldman Sachs Second Quarter 2019Global investment banking leader Goldman Sachs (GS – Free Goldman Sachs Stock Report) has reported mixed financial results for the second quarter. Revenue of $14.2 billion was about 4% higher than last year's
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Stocks / Highlights

Dow 30 Earnings: JPMorgan Chase Second Quarter 2019

07/16/2019 JPMorgan Chase reported better-than-expected June-period results, mainly powered by a strong performance by its Consumer and Community Banking business. Investors bid the stock up modestly in response.
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Markets / Commentaries

Stock Market Today: July 16, 2019

07/16/2019 The markets started out choppily today, despite the release of solid economic news and generally better quarterly earnings reports. Retail sales were higher than expected, while earnings at a few banks showed solid year-over-year gains. All told, the Dow closed down 24 points, the S&P 500 was lower by 10 points, and the NASDAQ decreased 35 points.
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Markets / Commentaries

Stock Market Today: July 15, 2019

07/15/2019 The stock market started a new week on Wall Street with a somewhat muted performance. Today, investors seemed a bit more concerned about the corporate profit outlook, now that the second-quarter earnings season has begun. Further, these worries seemed to offset some of the optimism about a more dovish Federal Reserve. At the close of trading today, the Dow Jones Industrial Average was ahead 27 points; the S&P 500 Index was up nominally; and the NASDAQ was higher by 14 points.
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Markets / Commentaries

Stock Market Today: July 12, 2019

07/12/2019 The stock market got off to a positive start this morning, managed to move higher in the afternoon, and closed out the day with the broader averages at record levels. Investors seemed pleased that Federal Reserve’s plans to maintain a supportive stance, in an effort to engender further economic expansion. In fact, many are expecting an interest-rate cut at the July meeting. At the close of trading today, the Dow Jones Industrial Average was ahead 244 points; the S&P 500 Index was up 14 points; and the NASDAQ was higher by 48 points.
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Markets / Commentaries

Stock Market Today: July 11, 2019

07/11/2019 The futures markets started out positively today, as sentiment improved concerning a potential rate cut from the U.S. Federal Reserve. This uptick continued into the early portion of trading and the Dow Jones Industrial Average eclipsed the 27,000 mark, while the other composites reached higher. However, this was slightly short-lived after the inflation data showed a slight pickup, which caused traders to speculate that a smaller rate cut was likelier, and the indices started to fall.
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Markets / Commentaries

Stock Market Today: July 10, 2019

07/10/2019 The futures were negative in overnight trading, as fears rose ahead of U.S. Federal Reserve Chair Powell’s testimony to Congress. However, this trend quickly reversed itself once his prepared remarks, which stated that “cross currents are weighing on the economy” and the Federal Reserve will “act as appropriate”, were released. The Dow Jones Industrial Average, S&P 500, and NASDAQ indices all moved quickly to all-time highs following that release. Ultimately, the major market averages finished the day positively. All told, the Dow closed higher by 77 points, the S&P 500 was up by 13 points, and the NASDAQ gained 61 points.
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