Stocks / Highlights
Dow 30 Earnings: NIKE, Inc. Third Quarter Fiscal 2019
Erik M. Manning | 3/22/2019
NIKE stock pulled back in early morning trading Friday after the footwear retailer released its February-period financials. Although quarterly sales and earnings both topped our and the Street's estimates, some underlying growth metrics from quarter to quarter and year over year gave investors reason to pause.
Markets / CommentariesStock Market Today: March 22, 2019
Harvey S. Katz, CFA and Robert Mitkowski | 3/22/2019
Stocks fell sharply to close the week on concerns over the health of the global economy. At the close, the Dow Jones Industrial Average dropped 460 points; the NASDAQ lost 196 points; and the S&P 500 sank 54 points. Market breadth affirmed the weakness on the major averages, as declining stocks easily outpaced advancing issues. Today’s troubles started overseas, where data showed an index of German manufacturing fell to its lowest level since 2012.
Markets / CommentariesStock Market Today: March 21, 2019
Harvey S. Katz, CFA and Adam Rosner | 3/21/2019
The stock market got off a sluggish start this morning, but then proceeded to advance at a strong pace for much of the day. Of note, traders were feeling more optimistic about the technology sector, in particular, and that helped push the broad market higher. At the end of the session, the Dow Jones Industrial Average was ahead 217 points; the S&P 500 Index was up 31 points; and the NASDAQ, which displayed leadership, was higher by 110 points.
Markets / CommentariesThe Federal Reserve Leaves Interest Rates Unchanged And Suggests No Rate Hikes in 2019
Harvey S. Katz, CFA | 3/20/2019
The Federal Reserve has adjourned its latest FOMC meeting and gave somewhat concerned investors something to cheer about as the lead bank suggested that it would not increase borrowing costs this year.
Markets / CommentariesStock Market Today: March 20, 2019
Harvey S. Katz, CFA and Adam Rosner | 3/20/2019
The stock market traded lower this morning, rebounded briefly in the mid-afternoon after the conclusion of the FOMC meeting, but retreated again later in the day. Much of the market volatility today was due to investor concerns about the economy, and the Federal Reserve’s monetary policy, in particular. At the end of the session, the Dow Jones Industrial Average was down 142 points; the S&P 500 Index was off eight points; while the NASDAQ managed to remain in positive territory, closing nominally higher.
Markets / CommentariesStock Market Today: March 19, 2019
Harvey S. Katz, CFA and Mario Ferro | 3/19/2019
The major U.S. equity indexes began the day in positive territory and appeared headed for an easy win, but uncertainty over trade talks with China erased most of the early gains.
Markets / CommentariesStock Market Today: March 18, 2019
William G. Ferguson and Adam Rosner | 3/18/2019
The stock market put in a choppy, but somewhat constructive, session today. At the end of the day, the Dow Jones Industrial Average was ahead 65 points; the S&P 500 Index was up 10 points; and the NASDAQ was higher by 26 points. Market breadth was positive, with winners just ahead of losers on the NYSE. The energy and financial issues led the market higher, offsetting weakness in the healthcare names and utility stocks.
Markets / CommentariesStock Market Today: March 15, 2019
Harvey S. Katz, CFA and Robert Mitkowski | 3/15/2019
Stocks closed the week higher on Friday despite some uninspiring economic data. At the end of the day, the Dow Jones Industrial Average gained 139 points; the NASDAQ pushed ahead 58 points; and the S&P climbed 13 points. Market breadth was clearly tilted to the upside, with advancing issues easily outpacing decliners on both the Big Board and the NASDAQ.
Markets / CommentariesStock Market Today: March 14, 2019
Harvey S. Katz, CFA and John E. Seibert III | 3/14/2019
The market started trading lower today, on talk that President Trump and President Xi of China have pushed back any meeting until April. This was generally seen as a sign that more work on the potential U.S. and China trade agreement needs to be completed. The Dow Jones Industrial Average fell the early portion of the session, while the other indices moved lower in tandem. However, the market quickly reversed course near 10 AM EDT, trending upward and making back all of the early losses. The rest of the day could be characterized as mostly sideways trading. All told, the Dow Jones Industrial Average closed higher by seven points, the S&P 500 was down by two points, and the NASDAQ fell almost 13 points.