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Stocks / Highlights

Dow 30 Earnings: The Home Depot Fiscal First Quarter 2019

05/21/2019 Shares of The Home Depot (HD) were little changed after the world's largest home-improvement retailer released decent fiscal first-quarter (ended May 5th) financial results. Sales in the three-month period increased 5.7% from a year earlier, to $26.381 billion, nearly matching our $26.400 billion target. That said, comparable-store sales growth of 2.5% was below consensus analyst estimates of 4.2%. Inclement weather and an extra week in the previous year weighed on the retailer's same-store sales.
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Markets / Commentaries

Stock Market Today: May 21, 2019

05/21/2019 The market started out strongly today, as some trade restrictions on China’s telecom giant Huawei were eased. The Commerce Department stated that it would issue a 90-day license for some U.S. companies to continue working with that corporation. Many traders saw this as a decline in trade tensions, and sentiment improved. The markets closed not too far off the highs of the day. All told, the Dow closed the day up 197 points, the S&P 500 was higher by 24 points, and NASDAQ increased 83 points.
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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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