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Markets / Commentaries

Stock Market Today: May 20, 2019

05/20/2019 Equities opened sharply lower this morning, recovered some ground in the early afternoon, but weakened again in the final hours of the day. Once again, traders worried about deteriorating trade relations between the United States and China. More recently, the U.S. government ordered a ban on technology sales to Huawei, a leading corporation based in China. The move did not sit well with Wall Street, and likely ignited fears of a larger global slowdown. At the close of trading, the Dow Jones Industrial Average was down about 84 points; the broader S&P 500 Index was off 19 points; and the NASDAQ was lower by 114 points.
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Markets / Commentaries

Stock Market Today: May 17, 2019

05/17/2019 Stocks fell on Friday as discouraging news on international trade weighed on sentiment at the opening bell. Word that talks between the United States and China had broken down was not what investors wanted to hear. The hope in recent days had been that a long-awaited deal between the world’s two largest economies might yet be fashioned in the coming weeks. But the two sides instead have reached an impasse.
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Stocks / Highlights

Dow 30 Earnings: Walmart Inc. Fiscal First Quarter 2019

05/16/2019 Walmart (WMT) shares trade higher on the release of the retail giant’s fiscal first-quarter financial results.
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Stocks / Highlights

Dow 30 Earnings: Cisco Systems. Fiscal Third Quarter 2019

05/16/2019 Networking software and equipment designer Cisco Systems, Inc. (CSCO) reported solid results for the fiscal third quarter ended April 27, 2019. Total revenue increased 6% year over year to $13.0 billion, matching our estimate. Adjusted earnings per share of $0.78 beat our call by $0.02 and increased 18% over the previous year.
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Markets / Commentaries

Stock Market Today: May 16, 2019

05/16/2019 The market started trading higher today, as solid earnings reports out of Dow components Cisco Systems and Walmart helped improve market sentiment. At the open, the composites started to rise considerably, and the Dow Jones Industrial Average gained as many as 230 points in the early portion of the session. Meantime, the S&P 500 was up by 40 points at its apex. However, the major market averages gave back a notable portion of the day’s gains during the afternoon. All told, the Dow closed the day up 215 points, the S&P 500 finished higher by 25 points, and the NASDAQ gained 76 points.
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Markets / Commentaries

Stock Market Today: May 15, 2019

05/15/2019 The stock market opened lower this morning, but quickly reversed course and continued to move higher through much of the afternoon, before some last-minute selling. Investors may be getting used to the disappointing news that a trade deal between the U.S. and China has failed to materialize as hoped.
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Markets / Commentaries

Stock Market Today: May 14, 2019

05/14/2019 The stock market opened higher, as sentiment increased that a trade deal with China would be completed at some point. This caused the markets to trend in an upward fashion throughout the first portion of the session. In fact, the Dow Jones Industrial Average rose by around 340 points by noon, while the S&P 500 and NASDAQ were also along for the ride. In the afternoon, the trend moved from upward to sideways, though new highs for the session were made in the course of trading. Still, the composites tapered off in the final portion of the session. All told, the Dow gained 207 points, the S&P 500 finished higher by 23 points, and the NASDAQ was up 87 points.
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Markets / Commentaries

Stock Market Today: May 13, 2019

05/13/2019 The stock market opened dramatically lower this morning, and was unable to meaningfully reverse direction in the afternoon. In fact, few bargain hunters seemed willing to step in and support stocks, suggesting sentiment has turned cautious. Clearly, investors have become worried that trade relations between the U.S. and China are rapidly eroding. At the end of trading today, the major averages were deep in negative territory. The Dow Jones Industrial Average was down roughly 617 points; the S&P 500 Index was off 70 points; and the NASDAQ was lower by 270 points.
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Markets / Commentaries

Stock Market Today: May 10, 2019

05/10/2019 Stocks were volatile on Friday, even by recent standards, as concerns continued regarding the state of trade relations between the United States and China. Investors were initially unnerved by another round of tariffs slapped on goods from China by the White House. That caused the Dow Jones Industrial Average to fall more than 350 points at one point. But Treasury Secretary Mnuchin’s comments that recent trade talks were “constructive” helped the market recover. At the close, the Dow was up 114 points; the S&P gained 11 points, and the NASDAQ inched ahead six points.
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