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Markets / Commentaries

Stock Market Today: August 21, 2017

08/21/2017 The major U.S. equity indexes, fresh off of a difficult fortnight of trading, started the new week on a mixed note, but as the session has progressed, the selling has resumed. There was not much in the form of fresh data to draw the attention of investors away from the dysfunctional political scene in Washington and the fast-approaching Federal Reserve confab in Jackson Hole, Wyoming later this week.
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Markets / Commentaries

Stock Market Today: August 18, 2017

08/18/2017 After opening the day lower, a majority of U.S. stocks spent Friday afternoon in positive territory, though the indexes wound up in the red. Still, following the politically driven decline in valuations since Wednesday afternoon, each of the major large-cap indexes remains well below its respective previous-week closing levels. While the bulls got a boost from a rosy Consumer Confidence Survey reading, today’s directionless movement underscored the recent uncertainty that has characterized trading over the past several weeks.
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Stocks / Highlights

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

08/17/2017 Shares of Wal-Mart (WMT) dipped following the release of the company’s fiscal second-quarter results and guidance.
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Stocks / Highlights

Dow 30 Earnings: Cisco Systems Fourth Quarter Fiscal 2017

08/17/2017 Networking equipment and software vendor, Cisco Systems, (CSCO) reported July-quarter results that were largely in line with our expectations. Revenue of $12.1 billion was slightly above our $12.0 billion estimate and down 4% year over year. Total product sales decreased 5%.
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Markets / Commentaries

Stock Market Today: August 17, 2017

08/17/2017 U.S. stocks were down across the board on Thursday, as investors revealed growing concerns regarding the Federal Reserve’s interest-rate strategy and, especially, apparent discord within the White House that could threaten key economic policies from being implemented.
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Markets / Commentaries

Stock Market Today: August 16, 2017

08/16/2017 Equities are making moderate progress today. At just past noon in New York, the Dow Jones Industrial Average is up 75 points; the broader S&P 500 Index is ahead eight points; and the NASDAQ is higher by 31 points. Market breadth is favorable, with advancing stocks outpacing decliners by a healthy margin on the NYSE. Most of the major stock groups are well in positive territory, with gains in the technology and basic materials issues. In contrast, the energy names are lagging.
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Stocks / Highlights

Dow 30 Earnings: The Home Depot Fiscal Second Quarter 2017

08/15/2017 Shares of The Home Depot fell even though the home-improvement retailer delivered stellar fiscal second-quarter financial results.
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Markets / Commentaries

Stock Market Today: August 15, 2017

08/15/2017 The U.S. equity markets started off the day with a modest uptick, but trading was mixed, at best, throughout the session. On the economic front, today’s news was largely favorable. Notably, retail sales for July were up 0.6%, which was better than consensus estimates and the best showing this year.
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Markets / Commentaries

Stock Market Today: August 14, 2017

08/14/2017 The bulls bounced back on Monday, with small- and large-cap issues registering gains across the board. Breadth favored advancing stocks by a roughly three-to-one ratio, with financials, industrials, and technology sectors being particularly responsible for the uptick. Traders took advantage of reduced entry levels following last week’s skittishness, which saw each of the major indexes dropping during one the weakest weeks of trading in 2017.
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