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Markets / Commentaries

Stock Market Today: June 18, 2018

William G. Ferguson | 06/18/2018

With less than an hour to go before the commencement of trading stateside, the equity futures are presaging a lower opening for the U.S. stock market. Overnight, the main indexes finished lower on last week’s tariff announcement from the Trump Administration and retaliatory measures from China’s government. Beijing said it would retaliate immediately by slapping tariffs on American export products, including crude oil, and suspend all previous trade agreements with Trump's administration. Fears that the quarrel between the world's two largest economies could intensify and threaten the health of the global economy is weighing on the major European bourses and is adding to the recent pressure on global oil prices.

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Markets / Commentaries
Stock Market Today: June 15, 2018

Harvey S. Katz, CFA and Robert Harrington | 06/15/2018

Resurgent fears of a trade war and increased global oil supplies stoked a steep selloff for most of Friday, before a late-in-the-day rally ended up capping the indecisive week on only a slightly negative note. Indeed, news that the United States was planning to implement 25% tariffs on $50 billion in Chinese exports set the stage for the bearish tone that persisted through the early afternoon.

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Markets / Commentaries
Stock Market Today: June 14, 2018

Harvey S. Katz, CFA and Adam Rosner | 06/14/2018

The U.S. stock market put in a generally constructive session today. True, the Dow Jones Industrial Average was down 26 points. But the broader S&P 500 Index was up seven points, and the NASDAQ was higher by 65 points. Market breadth was favorable, too, as advancers managed to outnumber decliners on the NYSE. The technology and consumer cyclical stocks moved nicely higher, offsetting declines in the financial and energy names.

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Markets / Commentaries
The Federal Reserve Does The Expected, But Says What Was Unexpected

Harvey S. Katz, CFA | 06/13/2018

This afternoon, an increasingly transparent Federal Reserve Board raised its target on the federal funds rate by 25 basis points, or one-quarter of a percentage point. That move was widely expected and taken by itself should not have elicited much reaction by the markets. What Wall Street was not necessarily expecting was a suggestion that the lead bank was aiming for two additional rate hikes this year.

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Markets / Commentaries
Stock Market Today: June 13, 2018

Harvey S. Katz, CFA and Robert Mitkowski | 06/13/2018

Save for a little strength in the technology stocks, the major market averages were quiet for most of the day as investors awaited word from the Federal Reserve on its outlook for inflation and interest rates. Stocks weakened into the close, and finished near their lows for the day. All told, the Dow Jones Industrial Average was off 120 points; the S&P 500 gave back 11 points; and the NASDAQ fell eight points. More stocks fell than rose, indicating an uninspired tone to trading.

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Markets / Commentaries
Stock Market Today: June 12, 2018

Harvey S. Katz, CFA and Robert Harrington | 06/12/2018

U.S. stocks were mixed on Tuesday, as investors digested a number of political factors and looked ahead to the Fed’s impending interest-rate announcement tomorrow afternoon. The S&P 500 vacillated between positive and negative territory before finishing slightly higher and the Dow finished the day just shy of its breakeven line.

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Markets / Commentaries
Stock Market Today: June 11, 2018

William G. Ferguson and Adam Rosner | 06/11/2018

The U.S. stock market moved nicely higher for much of the day, but sharply pared its gains near the end of the session. At the close of trading, the Dow Jones Industrial Average was ahead six points; the broader S&P 500 Index was up three points; and the technology-heavy NASDAQ was higher by 14 points.

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Markets / Commentaries
Stock Market Today: June 8, 2018

Harvey S. Katz, CFA and Robert Harrington | 06/08/2018

Early on Friday afternoon, the major U.S. indexes shook off some morning selling pressures and advanced modestly into positive territory. Indeed, even though the geopolitical and policy-related headwinds remained, the averages retained, even built on, their afternoon gains as the closing bell neared.

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Markets / Commentaries
Stock Market Today: June 7, 2018

Harvey S. Katz, CFA and Adam Rosner | 06/07/2018

The U.S. stock market put in a mixed performance today, after rising for several consecutive sessions. At the end of the day, the Dow Jones Industrial Average was ahead 95 points, while the broader S&P 500 Index was down two points. However, it was the technology-heavy NASDAQ that was really hit, being lower by 54 points.

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