Daily Market Commentary

Stocks end the day up after the release of the Fed’s “beige book” which suggests that the economy is gaining after a rough winter. The growing economy is expanding due to increased consumer spending and an improving labor market. Yahoo’s (YHOO) shares jumped up 11% yesterday mainly due to large revenue gains made by Alibaba,
Read the full article…

Stocks end the trading day barely up as they continue to recover from last week. The rising tension in Ukraine continues to be on investors minds which drew the stocks down but thankfully the better-than-expected corporate earnings reports drove the stocks back up. The chair of the Federal Reserve, Janet Yellen, spoke at a banking
Read the full article…

Stocks rallied to end the day slightly up after Citigroup (C) announced that they beat Q1 earnings expectations. Retail sales also were up 1.1% in March which is the biggest monthly gain since September 2012. This signals that consumers are ready to spend now that the harsh winter is now over. Google (GOOG) announced today
Read the full article…

Stocks fall once again today, with Nasdaq falling 1.2%. Only 3 companies still have the coveted AAA rating from the S&P 500 after Automatic Data Processing (ADP) was stripped of its credit rating and downgraded to AA. The 3 companies that remain are Johnson & Johnson (JNJ), Exxon-Mobil (XOM) and Microsoft (MSFT). Zoe’s Kitchen (ZOES)
Read the full article…

After a solid recovery yesterday, the stocks plummeted today. The Dow Jones dropped more than 250 points and Nasdaq closed down 3.1%. Investors believe that the Nasdaq selloff should be a cause for concern in the near future. Citing falling sales and poor winter weather, Family Dollar (FDO) announced plans to cut jobs, close approximately
Read the full article…

The Federal Reserve released the minutes from their mid-March meeting which showed that the overwhelming majority of its members believed that they should wait until 2015 or later to increase short-term interest rates. This news sent stocks soaring, especially the Dow Jones which rose 181 points on the day. Toyota (TM) is trying to avoid
Read the full article…

After ending down for three straight days, the U.S. stocks end the trading day in the green. The turnaround is due to tech stocks bouncing back with a vengeance. In response to the continual decline in soda sales, Pepsi (PEP) has announced plans to release three new products this summer. Pepsi unveiled their plans to
Read the full article…

The stock slump continues as U.S. stocks fall for the third straight day, with Nasdaq falling 1.2%. Ford (F) now joins the automobile recall wave as it announced that it is recalling 435,00 vehicles. Ford has two separate recalls, one to fix rusty frame parts and the other to replace seat back frames that weren’t
Read the full article…

Stocks stumbled today, especially Nasdaq which fell over 100 points on the day. Investors are blaming the fact that the unemployment rate remained constant despite the job market growing by 192,000. Another factor is that a few “momentum” stocks, which include Facebook (FB), Tesla (TSLA), and Amazon (AMZN) shares fell today, possibly signaling that they
Read the full article…

After hitting intraday records, the Dow & S&P 500 ended the day down, along with Nasdaq. Nearly a quarter of The Star-Ledger’s workforce is being laid off. Around 167 jobs in the corporate offices of New Jersey’s largest daily newspaper are being eliminated in hopes to cut costs. Home prices seem to be leveling off,
Read the full article…

Stocks continue to rally and end up for a second straight day as the S&P 500 achieves yet another record close. Investors are worried that there may be a crash similar to what occurred in 1987 on the horizon. Many investors are marveling at the similarities of the bull market today to that of 1987
Read the full article…

The second quarter started off with a bang as the S&P 500 closes the day at an all-time high. The Dow Jones and Nasdaq also posted gains on the day. Many are hoping that this winning start to the second quarter means that the economy will pick-up after faltering during the winter months, partially due
Read the full article…

U.S. stocks ended up on the last day of the first quarter of 2014. Newly appointed General Motor’s (GM) CEO, Mary Barra prepared for a House subcommittee investigation regarding the recent recall of over 2.5 million small cars. She explained to them that while she is currently unable to say why it took years for
Read the full article…

Despite the rocky start to U.S. indices this year, many traders believe that the bull market has not ended and will continue. Out of all the traders surveyed by Charles Schwab, 42% say that they do believe that the bull market will not end until sometime in 2015. This shows that some investors are continuing
Read the full article…

Stocks end down once again today, with some warning flags being raised. 2013 was the best year on Wall Street since 1997, and 2014 isn’t off to the same great start. There are many different thoughts out there to the reasoning behind the slow start; they range from increased risk aversion in investors to some
Read the full article…

U.S. stocks close lower today, with Facebook dragging down Nasdaq after it fell 7% on the day. Despite being a heavily awaited stock, King Digital Entertainment (KING) fell 11% in its first day of trading. The maker of the popular Candy Crush app debuted its IPO at $22.50 per share. The automobile recalls continue as
Read the full article…

A jump in consumer confidence led stocks to rise today, with the Dow jumping up nearly 100 points. Walgreens (WAG) announced that they will be closing 76 stores. The pharmacy cited that profit has been slipping as fewer generic drugs are for sale, so they must close these stores to help increase profitability. In commemoration
Read the full article…

The Dow Jones and S&P 500 ended the day slightly down, while Nasdaq fell over 47 points. It appears that Apple (AAPL) and Comcast (CMCSA) may be teaming up to offer live TV and an on-demand video service through Apple’s new set-top box. It seems that if this partnership comes to fruition, it would be
Read the full article…

On Friday focus was placed on the Federal Reserve and its released results for bank stress tests in the US. The effects were mixed as Bank of America (BAC) slid lower by the end of the day and JP Morgan (JPM) soared to a high last seen in 2000. The Fed will not comment on
Read the full article…

Stocks rebounded today after falling significantly yesterday, with the S&P 500 nearing a record close. Starbucks (SBUX) doesn’t want to only be a staple in the morning but it also wants to be a place where you can hang out after work for happy hour. Starbucks COO announced today that they have plans to expand
Read the full article…