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Stocks / Highlights

Dow 30 Earnings: The Home Depot Fiscal Second Quarter 2019

08/20/2019 Shares of The Home Depot rose after the home-improvement retailer released fiscal 2019 second-quarter results.
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Markets / Commentaries

Stock Market Today: August 20, 2019

08/20/2019 Equities opened lower this morning, briefly managed to reverse course, but then weakened again, and remained under pressure for the rest of the session, closing with a burst of selling. Today, investors seemed worried that a recession here in the United States could be on the horizon, and that some of the weakness brewing overseas could eventually make its way to our shores. After the late day selling, the Dow Jones Industrial Average was down 173 points; the broader S&P 500 Index was off 23 points; and the NASDAQ was lower by 54 points.
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Markets / Commentaries

Stock Market Today: August 19, 2019

08/19/2019 The stock market started positively today, as a rebound from last week’s selloff continued. Additionally, the U.S. government extended the time that Chinese technology firm Huawei could buy supplies from U.S. companies for an additional 90 days. Investors viewed this as an easing of trade tensions between the two countries and, thus, bolstered the major market composites. All told, the Dow closed higher by 250 points, the S&P 500 rose by 35 points, and the NASDAQ gained 107 points.
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Markets / Commentaries

Stock Market Today: August 16, 2019

08/16/2019 The major U.S. equity indexes started the last session of a volatile trading week firmly in positive territory, and stocks ended the day up sharply. In economic news, the Commerce Department reported that housing starts were down 4%, to an annual rate of 1.19 million. However, building permits (a more forward-looking indicator) increased 8.4%, to a yearly rate of 1.34 million. The markets, though, largely looked past these numbers, and continued to bob and weave along with developments on the U.S.-China trade situation.
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Stocks / Highlights

Dow 30 Earnings: Walmart Inc. Fiscal Second Quarter 2019

08/15/2019 Walmart shares trade modestly higher on the release of the retail giant’s solid fiscal second-quarter financial results and increased guidance.
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Stocks / Highlights

Dow 30 Earnings: Cisco Systems Fiscal Fourth Quarter 2019

08/15/2019 Networking equipment and software provider Cisco Systems (CSCO) reported in-line results for the fiscal fourth quarter (year ended July 31st). However, guidance was below expectations and the shares are down moderately in response.
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Markets / Commentaries

Stock Market Today: August 15, 2019

08/15/2019 While the early read on the futures indicated that yesterday’s selloff may continue, things turned around before the opening bell. News broke that China’s spokesperson at its foreign ministry “hopes the U.S. side will meet China halfway.” Traders took this to mean a potential softening of China’s trade stance and an increased likelihood of a deal. The market shot up quickly both in the premarket and early in the trading session. Still, the market could not hold these gains, so it fell and briefly traded in the red. All told, the Dow closed up 100 points, the S&P 500 rose by seven points, but the NASDAQ eased slightly, falling seven points.
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Markets / Commentaries

Stock Market Today: August 14, 2019

08/14/2019 Stocks turned sharply lower this morning, and encountered further selling during the midday hours, and into the afternoon. Investors were rattled by some disturbing developments in the bond market, which stoked fears of a possible economic slowdown or even a recession. Specifically, the yield on the government’s 10-year Treasury moved below the yield on the two-year note, creating a situation known as an inverted yield curve.
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Markets / Commentaries

Stock Market Today: August 13, 2019

08/13/2019 The stock market started briefly in the red today, as a continuation of the protests in Hong Kong spooked global markets. But news that the United States has decided to delay implementing tariffs on China until December 15th, helped stocks turn around. All told, the Dow was higher by 373 points, the S&P was up by 43 points, and the NASDAQ climbed 153 points.
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