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Stock Market Today

Tuesday, October 17 2017

Daily Updates

Stock Market Today: October 16, 2017

William G. Ferguson and Adam Rosner | 10/16/2017

The stock market started out the new week with a quiet, but constructive, session. At the close of trading, the Dow Jones Industrial Average was ahead roughly 85 points; the broader S&P 500 Index was up four points; and the NASDAQ was higher by 18 points. However, market breadth suggested a somewhat divided showing, as advancers and decliners were just about even on the NYSE. From a sector point of view, the technology, financial, and energy names displayed some leadership, while the healthcare stocks and the utilities declined modestly.

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Stocks Highlights

Dow 30 Earnings: JPMorgan Chase Third Quarter 2017

Theresa Brophy | 10/12/2017

Shares of JPMorgan Chase, (JPM) which have been trading close to their 12-month high lately, slipped modestly even after the company, one of the largest banks in the United States and a member of the Dow 30, turned in decent September-quarter results. The most recent performance was aided by higher interest rates, a benign credit climate, and the company's ongoing efforts to build up its businesses. All told, September-period reported earnings of $1.76 a share exceeded both the $1.58 logged in the comparable quarter of 2016 and our estimate of $1.65. Revenues increased 3%, year to year, powered mainly by a 10% advance in net interest income that was partly offset by a 4% decline in fee-based revenues. Meanwhile, expenses in the quarter were flattish.

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Stocks Highlights

Dow 30 Earnings: NIKE, Inc. First Quarter Fiscal 2018

Erik M. Manning | 09/27/2017

Shares of NIKE (NKE are under pressure today after the athletic footwear and apparel maker announced results for its first (August) quarter of fiscal 2018 (years end May 31, 2018) that were a mixed bag. Revenues fell a tad shy of expectations, due to troubles in the North American market, while earnings beat the consensus estimate, which had come down over the past two months due to both in-house and industry-specific concerns.

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