Markets / Commentaries
Stock Market Today: August 23, 2017
Harvey S. Katz and Adam Rosner | 08/23/2017
The major stock averages fell today, failing to build on yesterday’s nice gains. At the close, the Dow Jones Industrial Average dropped 88 points; the NASDAQ dipped 19 points; and the S&P 500 gave back eight points. However, market breadth to some degree diverged from the major indexes, as advancers topped declining issues on the New York Stock Exchange.
Markets / CommentariesStock Market Today: August 22, 2017
Harvey S. Katz, Adam Rosner, and Mario Ferro | 08/22/2017
U.S. equities started the day on a solid up note and then largely proceeded to climb steadily higher as the session wore on. Traders appeared to put aside the political concerns both here and abroad that had weighed on the markets in recent weeks.
Markets / CommentariesStock Market Today: August 21, 2017
William G. Ferguson and Robert Harrington | 08/21/2017
Following a difficult week on Wall Street, U.S. equity trading was mostly mixed on Monday. The major indexes began the day in the red before paring the majority of the losses. The market sectors were equally divided, with gains in the basic materials, non-cyclical goods, and telecommunications industries offset by weakness by the technology, financials, and energy segments. Overall, advancing and declining stocks were even.
Markets / CommentariesStock Market Today: August 18, 2017
Harvey S. Katz, Adam Rosner, and Robert Harrington | 08/18/2017
After opening the day lower, a majority of U.S. stocks spent Friday afternoon in positive territory, though the indexes wound up in the red. Still, following the politically driven decline in valuations since Wednesday afternoon, each of the major large-cap indexes remains well below its respective previous-week closing levels. While the bulls got a boost from a rosy Consumer Confidence Survey reading, today’s directionless movement underscored the recent uncertainty that has characterized trading over the past several weeks.
Stocks / HighlightsDow 30 Earnings: Wal-Mart Stores Fiscal Second Quarter 2017
Kevin Downing | 08/17/2017
Shares of Wal-Mart (WMT) dipped following the release of the company’s fiscal second-quarter results and guidance.
Stocks / HighlightsDow 30 Earnings: Cisco Systems Fourth Quarter Fiscal 2017
Kevin Downing | 08/17/2017
Networking equipment and software vendor, Cisco Systems, (CSCO) reported July-quarter results that were largely in line with our expectations. Revenue of $12.1 billion was slightly above our $12.0 billion estimate and down 4% year over year. Total product sales decreased 5%.
Markets / CommentariesStock Market Today: August 17, 2017
Harvey S. Katz, William G. Ferguson, and Robert Harrington | 08/17/2017
U.S. stocks were down across the board on Thursday, as investors revealed growing concerns regarding the Federal Reserve’s interest-rate strategy and, especially, apparent discord within the White House that could threaten key economic policies from being implemented.
Markets / CommentariesStock Market Today: August 16, 2017
Harvey S. Katz, Adam Rosner, and Robert Mitkowski | 08/16/2017
Equities are making moderate progress today. At just past noon in New York, the Dow Jones Industrial Average is up 75 points; the broader S&P 500 Index is ahead eight points; and the NASDAQ is higher by 31 points. Market breadth is favorable, with advancing stocks outpacing decliners by a healthy margin on the NYSE. Most of the major stock groups are well in positive territory, with gains in the technology and basic materials issues. In contrast, the energy names are lagging.
Stocks / HighlightsDow 30 Earnings: The Home Depot Fiscal Second Quarter 2017
Matthew E. Spencer | 08/15/2017
Shares of The Home Depot fell even though the home-improvement retailer delivered stellar fiscal second-quarter financial results.