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Daily Market Commentary

Bottom Falls Out Of Tech Sector

June 26th, 2015

The three major indexes were split today, as the Dow posted gains while the NASDAQ and S&P 500 ended trading in the red. The Dow posted gains of 56.32 points today, and closed at 17,946.68. The NASDAQ dropped on a weak tech sector, falling 31.68 points to close at 5,080.51. The S&P 500 was essentially … READ MORE

Healthcare Stocks Up Big on Supreme Court Ruling

June 25th, 2015

Markets fell across the board in trading today. The Dow dipped 75.71 points to close the day at 17,890.36. The NASDAQ fell 10.22 points to 5,112.19. The S&P 500 was down as well, dropping 6.27 points to close out the day at 2,102.31. Supreme Court Upholds Obamacare, Healthcare Stocks Boom The Supreme Court ruled 6 … READ MORE

Apple was the Lone Holdout in the Dropping Dow

June 24th, 2015

Stocks were way down in trading today, with all three major indexes posting big losses. The Dow lost 178 points over the course of the day, dropping to 17,966.07. The NASDAQ was down 37.69 to close the day at 5,122.41. The S&P 500 fell 15.62 points to close at 2,108.58. Everything But Apple (AAPL) Down … READ MORE

Euro Drops Against the Dollar on a Flat Day for the Markets

June 23rd, 2015

Markets were flat across the board in trading today, partially due to lower-than-average volume and a booming week that has left investors wary of high prices. The Dow posted a gain of 24.29 points to close out the day at 18,144.07. The S&P 500 was up 1.35 points to 2,124.20, and the NASDAQ added another … READ MORE

Dow Pops Back Up After Friday’s Fall

June 22nd, 2015

Markets boomed today, as the Dow recovered from the losses it took on Friday and came away ahead. The Dow gained 103.83 points on the day, and closed at 18,119.78. The NASDAQ posted a 0.72% gain, leading the big 3 indexes in profits today. The NASDAQ jumped 36.97 points and closed the day at 5,153.97. … READ MORE

$6.3B Office Depot (ODP) Acquisition Approved; eBay (EBAY) Sells Back Its Stake in Craigslist

June 19th, 2015

$6.3B sale of Office Depot (ODP) to Staples (SPLS) approved Today Office Depot shareholders approve Staples, Inc.’s $6.3 billion acquisition plan. This is going to be another major industry consolidation move after Office Depot and OfficeMax merged last year. The Staples deal was first announced back in February, and now the FTC is reviewing it. … READ MORE

NASDAQ Soars Pass Previous High, Jobless Claims Fall, 243 People Charged in Medicare Fraud.

June 18th, 2015

NASDAQ peaked at 5143.32 today Today the Nasdaq composite rise to beat its previous intraday high of 5132.52 after Yellen’s press conference reassured many anxious investors. The previous high was recorded back on March 10, 2000 during the dotcom bubble. Among the biggest gainers are several biotechnology companies such as Biotie Therapies ADS (BITI) and … READ MORE

AT&T Fined $100M, Fitbit Tracks $3.7B Valuation, Fed to Raise Interest Rates

June 17th, 2015

FCC to fine AT&T (T) $100 million The Federal Communications Commission said today that AT&T slowed down the Internet speed for consumers with unlimited plans once they used 5 gigabytes of data. These speeds were more than 20 times slower that the average advertised speeds. A $100 million fine would be the highest ever proposed … READ MORE

Murdoch on the Move, Greece Drowning Euro, AIG Shareholders Get Salty in Court Loss

June 16th, 2015

Rupert Murdoch, CEO of 21st Century Fox (FOX), will step down on July 1st Murdoch will be replaced by his 42 year-old son, James Murdoch, starting July 1st. Although Rupert is teetering at 84 years old, he’ll continue a strategic role as executive co-chairman, sharing the position with his eldest son, Lachlan Murdoch. All of … READ MORE

Dow Falls 140 on Sluggish Volume Friday

June 12th, 2015

Markets slipped downward in trading today, giving back most of yesterday’s gains.The Dow closed down 140.53 points and finished the day’s trading at 17,898.84. The NASDAQ was down as well, losing 31.41 points to close the day at 5,051.10. The S&P 500 fell 14.75 points and closed at 2,094.11. Blue Chips Tumble After Solid Thursday … READ MORE

Market Holds Steady at 18,000

June 11th, 2015

The market held onto yesterday’s gains today, closing up just barely in slightly slower than average trading. The Dow gained 38.97 points to close at 18,039.37. The S&P 500 rose 3.66 points to close the day at 2,108.86. The NASDAQ performed well today, adding on another 5.82 points to end the day up to 5,082.51. … READ MORE

Dow Rallies 240 to Close at 18k

June 10th, 2015

Markets surged upwards in trading today. The Dow’s rolly led the push, but all three major American indices were up. The Dow gained 236.36 points to close the day back above the 18k benchmark at 18,000.40. The S&P 500 added 25.05 points to close up 1.20% to 2,105.20. The NASDAQ gained 62.82 points and closed … READ MORE

Dow Flat as World Markets Struggle

June 9th, 2015

Markets were mixed for the second day in a row, as the Dow stays down under 18,000. The S&P 500 was today’s sole gainer, only posting 0.87 points in the black. The S&P 500 closed the day’s trading at 2,080.15. The Dow was flat as well, but ended the day in the red after dipping … READ MORE

Small Caps Stand Out in Another Down Day for the Dow

June 8th, 2015

All of the domestic indexes were down in trading today. The Dow dipped another 82.91 points, to 17,766.55 on its third straight day of losses. The NASDAQ lead the day in real losses, down 46.83, or nearly a point, to 5,021.63. The S&P 500 was off 0.65% and closed the day down 13.55 to 2,079.28. … READ MORE

Dow Ends the Week at 17,850

June 5th, 2015

Markets were mixed in trading today, with the tech-heavy NASDAQ managing to stay above water while the Dow and S&P 500 sank. The Dow lost 56.12 points, and it closed the week 150 points below the usual 18,000 floor at 17,849.56. The S&P 500 was down just 3 points, and closed at 2,092.83. The NASDAQ … READ MORE

Dow Dives Below 18,000

June 4th, 2015

Markets slid steadily downward in trading today, with the Dow dropping over 100 points in an hour at one point during the day. The NASDAQ ended the day down 40 points at 5,059.13, and the S&P 500 lost 18.23 points to close at 2,095.84. The Dow was down a total of 170.69 points, and it … READ MORE

Banks Up Big in Wednesday’s Trading

June 3rd, 2015

Markets rose in trading today, in part because there were deals to be had in the marketplace and also because investors were taking advantage of falling stock prices. The Dow rose 64.33 points in lower than average volume, closing the day up to 18,076.27. The NASDAQ lead the day in gains, posting an increase of … READ MORE

Oil Companies Rise On Second Day of Crude Rally

June 2nd, 2015

Markets fell slightly over the course of trading today. After reaching daytime highs of nearly 18,100, the Dow settled back late in the day to close down -28.43 points at 18,011.94. The NASDAQ closely mirrored the Dow throughout the day, and closed in much the same way, losing -6.40 points to end the trading day … READ MORE

After a Shaky Day of Trading, Markets Make Small Gains

June 1st, 2015

All three major domestic indexes were up when today was all said and done, but it was a close call for much of the afternoon. The Dow added 29.69 points over the course of rocky trading today, and closed out the day at 18,040.37. The NASDAQ added 12.90 points and closed at 5,082.93, thanks in … READ MORE

Despite a Down Market, Oil Ends Week Above $60

May 29th, 2015

Markets dropped like a rock in trading today, as the Dow lost over -100 points and closed just slightly above the recently-set 18k floor. The S&P 500 and NASDAQ both fell as well, shedding a combined -40 points. The Dow was down -115.44 points on the day, and closed at 18,010.68. The S&P 500 declined … READ MORE