Markets / Commentaries
Stock Market Today: December 11, 2018
Harvey S. Katz, CFA | 12/11/2018
Another day, another decline for the already reeling stock market, at least for much of the latest session. On point, after plummeting some 4% last week on mounting global trade fears and worries about an inverted yield curve, the stock market began the current five-day span with additional declines. In all, after some momentary and limited strength in the first few minutes of trading, stocks fell back once more. Specifically, after the first hour of trading, the Dow Jones Industrial Average had dropped by another 500 points, falling into correction territory.
Markets / CommentariesStock Market Today: December 10, 2018
William G. Ferguson and Adam Rosner | 12/10/2018
The stock market got off to a weak start this morning, but managed to recover considerable ground as the session progressed. By the close of trading, the major averages landed in positive territory. Specifically, the Dow Jones Industrial Average was ahead about 34 points; the broader S&P 500 Index was up five points; and the technology-heavy NASDAQ was higher by 51 points. Meanwhile, market breadth showed a somewhat divided session, with decliners outnumbering advancers on the NYSE. From a sector perspective, the energy and financial issues moved lower, while the technology names managed to press ahead.
Markets / CommentariesStock Market Today: December 7, 2018
Harvey S. Katz, CFA and Mario Ferro | 12/07/2018
The major U.S. indexes started the last trading session of the week with a slight uptick, but the bears quickly regained control and the selling generally accelerated as the day wore on. On the economic front, the U.S. monthly employment report for November showed that 155,000 jobs were created, while the unemployment rate remained unchanged at a 49-year low of 3.7%.
Markets / CommentariesStock Market Today: December 6, 2018
Harvey S. Katz, CFA and John Seibert III | 12/06/2018
The futures markets fell considerably overnight as news broke that the CFO of Huawei Technologies, a private Chinese company that is the largest telecommunications-equipment manufacturer in the world, had been arrested in Canada at the behest of U.S. authorities. Given the importance of this company to China’s economy, it caused shockwaves across the global markets, and concerns rose about whether a U.S. trade pact with China will still be achieved.
Markets / CommentariesStock Market Today: December 4, 2018
Harvey S. Katz, CFA and John Seibert III | 12/04/2018
The market started trading lower today, as uncertainty rose concerning the ability of the United States to come to a long-term trade agreement with China. The Dow Jones Industrial Average trended downward steadily, and the other indices followed that move. Later in the morning, the White House stated that the 90-day delay in additional tariffs started on December 1st, correcting the notion that these would begin on January 1st, 2019.
Markets / CommentariesStock Market Today: December 3, 2018
William G. Ferguson and Adam Rosner | 12/03/2018
The stock market opened nicely higher, and managed to maintain much of its gains throughout the afternoon. Investors were likely feeling more optimistic about trade relations between the United States and China. The recent meeting between President Trump and China’s President Xi, was constructive and may well pave the way for further progress.
Markets / CommentariesStock Market Today: November 30, 2018
Harvey S. Katz, CFA and Adam Rosner | 11/30/2018
Stocks got off to a choppy start this morning, but managed to gain considerable ground in the late afternoon. At the close of trading, the Dow Jones Industrial Average was ahead 200 points; the broader S&P 500 Index was up 22 points; and the technology-heavy NASDAQ was higher by 57 points. Nonetheless, market breadth showed a somewhat uneven session, as advancers were ahead of decliners by a narrow margin on the NYSE.
Markets / CommentariesStock Market Today: November 29, 2018
Harvey S. Katz, CFA and John Seibert III | 11/29/2018
The stock market started out trading lower this morning, largely due to a slew of weaker economic data, reduced expectations for a good trade outcome between the U.S. and China, and some profit taking after yesterday’s bullish run. News that a noted trade hawk will attend the meeting between President Trump and Chinese President Xi hurt sentiment, as well.
Markets / CommentariesStock Market Today: November 28, 2018
Harvey S. Katz, CFA and Robert Mitkowski | 11/28/2018
Stocks on Wednesday bounced notably from recent oversold conditions. At the close, the Dow Jones Industrial Average soared 618 points; the NASDAQ registered a 209-point gain; and the S&P 500 was up 62 points. The broader market affirmed the advance, with winners topping losers by a wide margin on both the New York Stock Exchange and the NASDAQ. But, in a sign of the damage done by the bearish sentiment over the past several weeks, more stocks hit 52-week lows than highs.