Markets / Commentaries
Stock Market Today: August 17, 2018
Harvey S. Katz, CFA and Robert Harrington | 08/17/2018
The major U.S. composites exhibited mixed fortunes for most of Friday, before a mid-afternoon update on trade stoked a rally that persisted until the closing bell. Indeed, while both the Dow Jones Industrial Average and S&P 500 spent the majority of the session in positive territory and were on track for weekly gains, the NASDAQ and small-cap Russell 2000 were firmly below their breakeven lines when, at about 2:00 PM EST, a report suggested that the leaders of the United States and China would hold trade discussions in November.
Stocks / HighlightsDow 30 Earnings: Walmart Inc. Fiscal Second Quarter 2018
Kevin Downing | 08/16/2018
Shares of Walmart (WMT) rally on the release of the retail giant’s fiscal second-quarter financial results.
Stocks / HighlightsDow 30 Earnings: Cisco Systems Fourth Quarter Fiscal 2018
Kevin Downing | 08/16/2018
Networking equipment and software provider Cisco Systems (CSCO) reported largely in-line results for the fiscal fourth quarter ended July 28, 2018. First-quarter guidance was also as expected. The company notched its third-consecutive quarter of year-over-year revenue growth and investors are rewarding the consistency.
Markets / CommentariesStock Market Today: August 16, 2018
Harvey S. Katz, CFA and Adam Rosner | 08/16/2018
The stock market opened sharply higher this morning, but pulled back selectively as the afternoon progressed. The initial move up today was likely fueled by some positive corporate profit reports, as well as hopes that an upcoming meeting between the United States and China, our largest trading partner, will lessen recent trade spats. At the close of the session, the Dow Jones Industrial Average was ahead 396 points; the broader S&P 500 Index was up 22 points; and the NASDAQ was higher by 32 points.
Markets / CommentariesStock Market Today: August 15, 2018
Harvey S. Katz, CFA and Robert Harrington | 08/15/2018
After a positive Tuesday broke a modestly bearish streak of trading, the major U.S. averages all shed considerable value on Wednesday before paring some of the losses in the final hour. Posting the steepest decline was the NASDAQ, which suffered from a combination of subpar earnings and concerning developments overseas, particularly in Turkey. The Dow Jones Industrial Average, S&P 500, and the small-cap Russell 2000 were also meaningfully lower by the closing bell.
Stocks / HighlightsDow 30 Earnings: The Home Depot Fiscal Second Quarter 2018
Matthew E. Spencer, CFA | 08/14/2018
Shares of The Home Depot (HD) moved slightly higher after the world's largest home-improvement retailer reported better-than-expected fiscal second-quarter (ended July 29th) results. The top line increased 8.4% from a year earlier, to $30.463 billion, a bit ahead of our $30.350 billion forecast.
Markets / CommentariesStock Market Today: August 14, 2018
Harvey S. Katz, CFA and Adam Rosner | 08/14/2018
The stock market opened higher this morning, managed to extend its gains through much of the afternoon, before easing slightly in the final hour of the session. At the close of trading, the Dow Jones Industrial Average was ahead 112 points; the broader S&P 500 Index was up 18 points; and the NASDAQ was higher by 52 points. Market breadth showed broad support for equities, with advancers ahead of decliners by a wide margin on the NYSE.
Markets / CommentariesStock Market Today: August 13, 2018
Harvey S. Katz, CFA and Robert Mitkowski | 08/13/2018
Stocks fell on Monday, owing to lingering geopolitical concerns. At the end of the day, the Dow Jones Industrial Average was off 125 points; the NASDAQ lost 19 points; and the S&P 500 gave back 11 points. The broader market reflected the poor sentiment, with decliners outpacing advancing issues by nearly two to one on both the New York Stock Exchange and the NASDAQ.
Markets / CommentariesStock Market Today: August 10, 2018
Harvey S. Katz, CFA and Robert Mitkowski | 08/10/2018
Stocks fell, but finished off their session lows, to close the week as financial instability overseas raised anxieties about the disruption spreading to these shores. At the end of the day, the Dow Jones Industrial Average dropped 196 points; the NASDAQ declined 53 points; and the S&P 500 slipped 20 points.