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Markets / Commentaries

Stock Market Today: June 17, 2019

William G. Ferguson and Robert Mitkowski | 06/17/2019

Stocks edged higher on Monday on hopes that the Federal Reserve will soon lower interest rates. At the close, the Dow Jones Industrial Average was up 23 points; the S&P was in the plus column by a few points; and the NASDAQ gained a firm 48 points. Small-capitalization stocks had a good session, too.

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Markets / Commentaries
Stock Market Today: June 14, 2019

William G. Ferguson and Mario Ferro | 06/14/2019

The U.S. equity markets started off the final day of the week in negative territory, but managed to regain some lost ground late in the session. The news was relatively light on the economic front. The Commerce Department reported that U.S. retail sales were up 0.5% last month, which was slightly below expectations. On the plus side, the figures for April were revised upward, to a gain of 0.3%, versus the original estimate of a 0.2% decline. Meanwhile, industrial production was up 0.4% in May, slightly ahead of the consensus.

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Markets / Commentaries
Stock Market Today: June 13, 2019

William G. Ferguson and John E. Seibert III | 06/13/2019

The U.S. markets started off quite positively today, as investor sentiment picked up a bit. Initial jobless claims came in higher than expected. And, based on this news, some traders believe the likelihood of the Federal Reserve cutting interest rates later this year has become more probable. The Dow Jones Industrial Average rose by around 142 points, while the S&P 500 was up by 15 points in early action. All told, the Dow closed up by 102 points, the S&P 500 increased 12 points, and the NASDAQ gained 44 points.

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Markets / Commentaries
Stock Market Today: June 12, 2019

William G. Ferguson and Adam Rosner | 06/12/2019

The stock market traded lower this morning, and remained in negative territory throughout the session. Investors, while pleased with the Federal Reserve’s more accommodative tone, are likely still worried that strained trade relations between the United States and China could persist, causing additional economic and corporate challenges.

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Markets / Commentaries
Stock Market Today: June 11, 2019

William G. Ferguson and John Seibert III | 06/11/2019

The market started out quite positively today, as the improved sentiment, which led to six straight days of higher stock price action, continued. The Dow Jones Industrial Average was up by as many as 186 points in the first moments of the trading session, while the S&P 500 was higher by around 24 points. However, the markets appeared to be overbought, and sentiment switched to the downside.

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Markets / Commentaries
Stock Market Today: June 10, 2019

William G. Ferguson and Adam Rosner | 06/10/2019

Stocks advanced nicely this morning, softened around noon, but still managed to put in a constructive session. Traders seemed pleased that the United States has decided not to impose tariffs on Mexico at this time. Of note, relations between the United States and China have become quite strained, and investors did not likely want to see problems developing with other key trading partners.

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Markets / Commentaries
Stock Market Today: June 7, 2019

Harvey S. Katz, CFA and Mario Ferro | 06/07/2019

The major U.S. equity indexes began the day on a solid note, and the upbeat mood was maintained throughout the entire trading session. Somewhat counterintuitively, the enthusiasm was fueled by a weaker-than-expected jobs report. The U.S. added 75,000 new positions last month, less than half of what the consensus was looking for. Also, the estimated job gains for March and April were reduced by 75,000, combined. This was viewed as good news by traders, however, as slowing economic growth increases the possibility that the Fed will be prompted to cut interest rates.

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Markets / Commentaries
Stock Market Today: June 6, 2019

Harvey S. Katz, CFA and John E. Seibert III | 06/06/2019

After two days of strongly bullish action, the markets started trading quite choppily today, as the indices moved between the red and the black several times in the first portion of the session. We think this was partially caused by profit taking and traders being wary of taking on new positions ahead of Friday’s employment report. However, the indices started to move higher in the latter part of the day. This was partially attributable to the announcement that talks with Mexico were developing nicely. Still, the markets tapered off in the final few minutes of trading. All told, the Dow closed higher by 181 points, the S&P 500 was up 17 points, and the NASDAQ gained 40 points.

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Markets / Commentaries
Stock Market Today: June 5, 2019

Harvey S. Katz, CFA and Adam Rosner | 06/05/2019

The stock market opened higher this morning, pulled back after about an hour, but regained its stride in the afternoon. While there was little news to explain the further shift in sentiment, traders seemed less worried about the nation’s trade problems, and the possibility of global economic slowdown. At the close of the session, the Dow Jones Industrial Average was up 207 points; the broader S&P 500 Index was ahead 23 points; and the NASDAQ was higher by 48 points.

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