Stock Market Today: January 23, 2019
Looking out on the second day of this holiday shortened week, we see that stocks were mixed in Asia overnight, while in Europe, the bourses are trading with early losses, for the most part this morning. Also, oil prices and Treasury yields, both lower yesterday as Wall Street swooned, are now showing gains this morning. Finally, and ahead of a number of earnings reports and the latest data on oil inventories, U.S. equity futures are suggesting a higher open when trading resumes this morning, boosted by a good reception from International Business Machine's (IBM) latest results. Read more
Stock Market Today: January 22, 2019
The U.S. markets started lower today, as fears about a global slowdown increased. This was partially caused by the IMF cutting its 2019 global growth forecast. The indices trended downward throughout early trading, as existing home sales in December were far weaker than expected. The move lower continued throughout the afternoon, as a news story broke that the U.S. had cancelled a trade meeting with China. That increased fears about the possibility of a deal with that country. All told, the Dow finished the day lower by just about 302 points, while the S&P 500 was off by 38 points, and the NASDAQ fell 137 points.   Read more
Stock Market Today: January 18, 2019
The stock market moved sharply higher this morning and held most of its gains through the session. Today’s advance was likely fueled by hopes that trade relations between the U.S. and China are gradually improving. At the end of trading, the Dow Jones Industrial Average was ahead 336 points; the S&P 500 Index was up 35 points; and the NASDAQ was higher by 73 points. Market breadth was quite favorable, with advancers easily ahead of decliners on the NYSE. Read more
Stock Market Today: January 17, 2019
The markets started modestly lower today, as fear about the Unites States’ ability to strike a trade deal with China increased. However, sentiment recovered throughout the early portion of the day, as good economic data included lower-than-expected initial jobless claims. Also, earnings releases from a few companies showed solid year-over-year improvements. Meantime, the Dow Jones Industrial Average started trending notably higher. In the latter part of the trading session, a report broke that the U.S. could ease tariffs on goods from China during negotiations. This caused the indices to spike, with the Dow rising by as many as 267 points, briefly eclipsing its 50-day moving average. The S&P 500 and NASDAQ followed suit. However, the full move higher was short lived, and those additional gains were given back somewhat. All told, the Dow finished the day up 163 points, the S&P 500 was higher by 20 points, and the NASDAQ gained 50 points. Read more
Stock Market Today: January 16, 2019
The stock market made some solid progress today, helped by a batch of constructive corporate profit reports. Although stocks eased a bit in the final hour of trading, the Dow Jones Industrial Average still ended the session ahead 142 points; the S&P 500 Index was up six points; and the technology-heavy NASDAQ was higher by 11 points. Read more
Stock Market Today: January 15, 2019
Today's trading session was heavily influenced by earnings news and global macroeconomic reports. Nevertheless, the major indexes gained ground over today's session. The Dow closed the day higher by 156 points, the S&P 500 was up 28 points, and the NADSAQ gained 118 points. Read more
Stock Market Today: January 14, 2019
The stock market headed lower earlier this morning, but managed to recover partial ground in the afternoon. Initially, investors may have been worried about corporate profits at home, as well as a slower global economic outlook. Of note, strained relations with China, as well as Britain’s plan to exit the E.U. remain areas of concern. Read more
Stock Market Today: January 11, 2019
The stock market opened lower this morning, but managed to almost completely pare its losses as the session progressed. By the end of trading, the major averages were not far from the breakeven line. The Dow Jones Industrial Average was down six points; the broader S&P 500 Index was off less than one point; and the technology-heavy NASDAQ was lower by 15 points. Market breadth was neutral, with winners about even with losers on the NYSE. Read more
Stock Market Today: January 10, 2019
The market started the day lower, as a lack of details concerning the possibility of an eventual trade deal with China spooked the markets. Follow through occurred early in trading, as several retailers put out preliminary results concerning the Christmas selling season, which underwhelmed the Street. However, the markets turned around quickly, as focus turned to U.S. Federal Reserve Chairman Powell’s speech, he stated that the Fed would be “patient” and would see how the economic backdrop unfolds when determining policy. Still, he claimed that the Fed balance sheet will be “substantially smaller” in the future. The indices trended higher, trading around breakeven levels for a while near midday, before a final push at the end of the day. This move resulted in daily highs by the close. All told, the Dow ended higher by 123 points, the S&P 500 was up 12 points, and the NASDAQ gained 29 points. Read more
Stock Market Today: January 9, 2019
The stock market opened higher this morning, maintained its gains through much of the afternoon, before easing in the final hour of the session, as talks to reopen the government broke down. Earlier today, traders were likely feeling optimistic that constructive developments might emerge from the latest round of trade talks between the U.S. and China. By the end of trading, the major averages all showed some progress. Specifically, the Dow Jones Industrial Average was ahead 92 points; the broader S&P 500 Index was up 11 points; and the technology-heavy NASDAQ was higher by 60 points. Read more
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