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Market Snapshot – Monday 10.28.19
The S&P 500 index entered into new territory as it hit an all-time high, the futures topping out today at 3044.08. The Nasdaq also hit a record high today, its futures rising to a high of 8335.27 before slightly pulling back. Right now, investors may be...
Market Shorts – 10.25.19
'Do or die': Report warns banks to reinvent themselves to survive the next downturn CNBC "More than half the players in the global banking sector aren't generating enough returns and should quickly reinvent themselves to weather any future economic storms, according...
Market Snapshot – Friday 10.25.19 (mid-day)
Stock indexes advanced on strong Q3 earnings as Intel topped analyst expectations and issued better-than-expected guidance for Q4. Intel shares shot up 7.4%, offsetting negativity in the tech sector due to Amazon’s weak numbers. In addition to earnings, market...
Market Snapshot – Thursday 10.24.19
The S&P 500 and Nasdaq Composite climbed today despite weak durable goods orders. The Dow ended the day in a slight decline. Durable goods dropped 1.1%, more than consensus estimates of negative 0.7% Not only did this mark the largest decline in four months, it...
Market Snapshot – Wednesday 10.23.19
The primary focus today was heavily aimed at corporate earnings. As you can see in the chart above, the Dow rose slightly after a mid-morning and mid-day dip. The S&P 500 crept slightly higher toward its record high set in July, with a 1% move to go. Caterpillar...
Market Snapshot – Tuesday 10.22.19
Stocks fell slightly today on what turned out to be an underwhelming session. The Dow closed down 39.54 points (0.15%) to 26,788.10. The S&P 500 pulled back 0.4% tp 2,995.99. The Nasdaq slid 0.7% down to 8,104.30. McDonald’s missed expectations on earnings and...
Market Snapshot – Monday 10.21.19
US indexes make a tepid advance as stocks recover from last week’s slide. Note, however, that an all-time-high for the S&P 500 is within reach as early as this week should indexes continue to limb. The last S&P 500 high of 3,027.98 was set on July 26. ...
Market Snapshot – Friday 10.17.19
US indexes fell today as Big Tech, led by Netflix, declined amid weak data from China. Last night, economic data from China came in posting the country’s weakest growth in almost 27 years amidst the ongoing US-China trade war. China’s economy grew 6% in the third...
Market Snapshot – Thursday 10.17.19
Markets rallied slightly today on news that UK Prime Minister Boris Johnson reached a Brexit deal with Brussels. Another factor supporting the broader market are the Q3 earnings results that are coming in stronger than expected. US housing starts came in at 1.256...
Market Snapshot – Wednesday 10.16.19
Weak retail sales data and ongoing trade concerns caused socks to move lower, offsetting positive corporate earnings results. US retail sales unexpectedly fell 0.3% in September, upsetting expectations of a 0.3% gain. Excluding autos, retail sales figures came in down...
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