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Daily Market Commentary

Google and Amazon Up, Oil Finishes Down as Dow Loses 251.90

January 30th, 2015

After a mixed day of trading the Dow loses 251.90 points to 17,164.95. NASDAQ followed suit, losing 48.17 to end at 4,635.24, and the S&P 500 lost 26.26 and ended the day at 1,994.99. The overseas markets also had a tough day, with Hong Kong’s Hang Seng dropping 88.80 points to 24,507.05 and England’s FTSE
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Oil Still Falling, Markets Up

January 30th, 2015

Markets rallied today despite mixed messages from major tech firms as well as still declining prices for global crude. The NASDAQ would finish up 42 points, 0.90%, at 4678 with the S&P 500 following closely behind in gains with a 0.87% gain, gaining 17 points on the day and finishing at 2020. North American markets
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Strong Afternoon Trading Leads Dow to Solid Gains

January 29th, 2015

The Dow closed strong today in end of day trading, gaining 225.48 points to finish up 1.31% 17,416.85. NASDAQ gained 45.42 points to close at 4,683.41, and the S&P 500 finished up 19.09 points in order to close at 2,021.25. In world markets, Japan’s Nikkei and Hong Kong’s Hang Seng both fell just over 1%
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Q1 Earnings Reports and Falling Oil Lead to a Mixed Market

January 28th, 2015

After losses late in the day, the Dow closed down 189.67 points, finishing out at 17,197.54. NASDAQ dropped to 4,637.99, a loss of 43.51 points, while the S&P 500 lost 27.39 points to finish at 2,002.16. World markets were mixed, with gains for the UK’s FTSE of 0.21% and losses in China’s Shanghai Composite Index
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Dow Falls 291 Points After Companies Give Bleak 2015 Outlook

January 27th, 2015

Stocks end the day down as disappointing earning reports roll in. The Dow ended the day down 291 points, Nasdaq fell 90 points and the S&P 500 was down 27 points at the end of the trading day. Proctor & Gamble (PG) and Caterpillar (CAT) cut their sales and profit forecasts for 2015, signalling a
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Mattel’s CEO Resigns, Shares Fall; Stocks End Flat

January 26th, 2015

Stocks end the day barely up, basically flat, as the east coast prepares for Snowmageddon. Despite forecasts predicting upwards of three feet of snow, the New York Stock Exchange is currently planning on being open on Tuesday. A couple stocks have the potential to benefit from the impending snow storm. Generac (GNRC), a company that
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Box Up 66% During IPO Deubt; 4-Day Winning Streak Snapped

January 23rd, 2015

All good things must come to an end and it couldn’t have be more true today. After four straight days of gains, the U.S. stock indexes ended mostly down, but still posting weekly gains. The tech industry was one of the few bright spots on the day which is why the tech-heavy Nasdaq composite index
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U.S. Stock Indexes Up After Announcement of European Central Bank Bond-Buying Program

January 22nd, 2015

After a series of relatively small gains, U.S. stocks shot up today with the Dow soaring 260 points. The announcement of the European Central Bank launching a bond-buying program sent U.S. stock indexes up 1.5%, to finish their fourth straight day in the green. Lower oil prices are proving to be extremely beneficial to airlines.
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Netflix Soars 17%; Third Straight Day of Gains for U.S. Stocks

January 21st, 2015

U.S. stocks end the day in the green for the third straight day as the Dow rose 41 points and the S&P 500 rose 10 points. Netflix’s (NFLX) shares soared as high as 17% today after the video-streaming company delivered fourth-quarter that met expectations. 4.3 million new subscribers were added in the fourth quarter and
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Stocks Eke Out Gains After MLK Day

January 20th, 2015

U.S. stocks were closed yesterday in observance of Martin Luther King Day and barely finished in the green today, with the Dow up only 4.5 points. Crude oil fell another 5% to $46.13 a barrel today, causing investors to be concerned yet again. Baker Hughes (BHI) announced today plans to lay over 7,000 employees, nearly
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Dow Ends 5-Day Losing Streak; The End of Bitcoin May Be Near

January 16th, 2015

After closing down all the week the Dow snaps a 5-day losing streak and ends the day up around 200 points. Despite the rebound, both the Dow and the S&P 500 are down 1.3% for the week. While Swiss Franc has been getting all of the attention this week, the real problem is Bitcoin. In
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Target & Sony Close Canadian Stores; Dow Falls 100 Points

January 15th, 2015

The Dow falls an additional 100 points today while the Nasdaq closes down 1.5% as falling oil prices continue to rattle investors. Iconic U.S. stores and brands just don’t seem to be performing as well in Canada. Target (TGT) announced today that they will be pulling out of Canada after losing over $2 billion while
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U.S. Stock Indexes Down 2% in 2015; Retail Sales Down 0.9% in December

January 14th, 2015

Stocks end the day down after a disappointing reading on December retail sales and multiple profit misses from earnings reports. Consumer purchases fell 0.9% in December when economists were expecting a 0.1% increase, this decrease was lead by gas station sales which was down 6.5% due to a drastic drop in pump prices. The Fed
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GoPro Shares Fall 12%; Aetna Raises Its Minimum Wage to $16

January 13th, 2015

The rebound today was short-lived as U.S. stocks ended the day in the red. The Dow had a 280-point gain earlier in the day, but that completely evaporated showing how volatile the stock market has been so far in 2015. GoPro’s (GPRO) shares fell drastically today after Apple (AAPL) was awarded a patent for a
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Crude Oil Falls 5%, Down to $45.85 a Barrel

January 12th, 2015

U.S. stocks continue their downward spiral, in sync will crude oil’s downward trend. Crude oil fell an additional 5%, down to $45.85 a barrel – a 6 year low. One Saudi Arabian prince even said that he doesn’t believe oil will ever return to $100 a barrel due to falling demand and excess supply. Investors
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252,000 Jobs Added in December as Unemployment Rate Falls to 5.6%

January 9th, 2015

U.S. stock indexes end the week in the red and are now back in the red for 2015 despite a better-than-expected jobs report. 2014 ended as the best year for hiring in 15 years with healthy gains in December. 252,000 jobs were added last month as the unemployment rate fell to 5.6%, a six-year low.
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J.C. Penney To Close 40 Stores; Dow Erases 2015 Losses

January 8th, 2015

Stocks have achieved a much needed rebound as the Dow surged 322 points today, erasing the Dow’s recent losses in 2015. All three main U.S. stock indexes are now positive in 2015 as investors are welcoming stabilizing oil prices. Multiple companies announced their layoff plans for 2015. Despite their better-than-expected holiday shopping season, J.C. Penney
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The Fed Expects A Strong U.S. Economy in 2015

January 7th, 2015

Stocks finally recover after ending in the red for the past 5 days. The slow start for stocks is the worst start since 2008 and the S&P 500 has never suffered a loss during the third year of a presidential cycle. The Fed is expecting a strong U.S. economy in 2015 and showed optimism in
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U.S. Stocks Rebound Short Lived, End the Day Lower

January 6th, 2015

Stocks continue to fall as a close came to the second day of the stock sell-off. The slow start to 2015 has been due to sinking oil prices, political and economic troubles from around the world, and weaker than expected U.S. economic data. The 10-year U.S. bond falls below 2%, hitting a 19-month low. This
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Oil Prices Drop Below $50 a Barrel; Dow Plunges Nearly 330 Points

January 5th, 2015

Stocks fell sharply today, especially the Dow which ended the day down about 330 points as oil prices continue to fall which in turn spooks investors. Crude oil is now below $50 a barrel and many analysts are predicting prices to drop even further. Falling oil prices aren’t only negatively effecting the stocks, it is
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