Daily Market Commentary

After a lackluster week last week, the stocks all finished in the green with the S&P 500 closing at a new record high. With the continual rise of stocks some economists are forecasting a bubble on our horizon. While bubbles are rare and hard to predict, we are currently experiencing similar conditions to the last
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Stocks end up today after the jobs report was released and delivered better-than-expected numbers. The jobs report showed that the unemployment rate is dropping and more jobs continue to be added, thus showing that the economy continues to improve. The Dow Jones jumped up 200 points after the jobs report was announced. As the jobs
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The main stock indexes continue to drop and ended the day down as talk of tapering intensifies. Today, across the United States fast food workers went on strike in hopes to raise the minimum wage. Many workers say they are unable to live on $7.25 an hour (which equals approximately $15,000 per year), therefore, the
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Nasdaq finishes up for the first time this week while the S&P 500 and the Dow Jones finish in the red for the third straight day. Microsoft’s (MSFT) acquisition of Nokia is now complete after approval by the European Union, this deal is for $7.35 billion. Reports are showing that CEO’s are optimistic about the economy
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The S&P and Dow Jones finished below their milestones for the first time since achieving these milestones as all three indexes end the day in the red for the second consecutive day. Black Friday drove auto sales up for the month of November to an annual selling rate of 16.4 million, significantly higher than 15.3
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The Dow Jones, S&P 500, and Nasdaq all finished down on Cyber Monday. Consumer spending was up in November. American’s on average spent about $3 more a day in November than in October. Fast food workers are going on strike to protest the minimum wage. Workers in approximately 100 cities will protest on Thursday to
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All three main indexes continued to rise throughout the day as the U.S. markets are closed tomorrow for Thanksgiving. The number of American’s that are unemployed and seeking unemployment benefits dropped by 10,000 last week to 316,000. Is Bitcoin the next gold? Some investors see Bitcoin as a very comparable alternative to gold as it
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Nasdaq closed above 4,000 for the first time since 2000. Men’s Warehouse (MW) put down an offer to buy Jos. A. Bank Clothiers (JOSB) today for approximately $1.2 billion. Hyundai looks to dive further into the luxury cars market as it revealed its new Genesis sedan today. The sedan has been completely redone since it was
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Nasdaq tops 4,000 for the first time in over 13 years but is unable to remain there until close of the markets. Walmart (WMT) announced today that Doug McMillion will replace CEO and President Mike Duke who recently stepped down. McMillion currently holds the title of CEO of Walmart International and first began working for Walmart
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The Dow Jones finished the day above 16,000 for the second straight day as the S&P 500 finished above 1,800 for the first time ever. A couple of good economic reports were released today. The number of job openings and also the number of people hired increased in the month of September to the highest
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The Dow Jones continues its record run after finishing the day above 16,000 for the first time ever. After President Obama recommended Janet Yellen as the new chair of the Federal Reserve last week, the Senate Banking committee followed suit recommending her today. After two straight weeks of increases, the 30-year mortgage rate falls to
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Stocks fell once again today after news broke that the Fed may begin tapering their buying habits sooner than expected. Credit card late payments are rising marginally from 1.27% to 1.36% due to an increase number of Americans falling behind on their credit card payments. This is in part due to the increase of spending, partially
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After the Dow Jones was trading above 16,000 yesterday, the three main indexes ended the day in the red. Janet Yellen, the nominee for chair of the Federal Reserve, stated that one of her top priorities is to resolve the issue that banks are “too big to fail”. While this is a big task to
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The Dow Jones reached and rose above 16,000 for the first time ever as the S&P 500 neared 1,800. The Dow was the only one of the three main indexes to finish in the green at the end of trading today. Retailers are releasing their holiday deals even earlier this year and Nielsen predicts that
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Stocks continue to perform well as the S&P 500 and Dow Jones finished the week up, for the sixth straight week. Nasdaq is also on track to finish the week up for the first time in three weeks. After Twitter (TWTR) made a splash on its first day on the market a week ago, Zulily
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Stocks ended on a high note today, with the Dow Jones and S&P 500 setting new record highs. During the Senate Banking Committee meeting, Yellen gave a glimpse of what is to come under her leadership as chair of the Federal Reserve. Speculations have been made that investors should be wary of long term bonds
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The three main indexes all finished in the green today, with the S&P 500 and the Dow Jones both achieving new closing highs. Some are citing the good day on the confirmation of Janet Yellen who has been nominated by President Obama to become the next chair of the Federal Reserve. Facebook (FB) reportedly tried
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The stock market falls flat after the Dow Jones set a record high at the end of the trading day yesterday. The Dow Jones and the S&P 500 ended the day down, while Nasdaq had a very slight increase. The Federal Reserve should be announcing the confirmation of Janet Yellen as the new Federal Reserve
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The Dow Jones once again achieved a record high at the end of the day, giving it its 35th record close of the year. The S&P 500 and Nasdaq also fared well, ending the day with gains. Not much to report today as it was Veterans Day, therefore bond traders had the day off and
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October’s jobs report was released today and produced better than expected results despite the 16-day government shutdown. The U.S. added 204,000 jobs throughout the month of October, which exceeded the expectations of many economists by over 80,000 jobs. The unemployment rate did increase during October, but only slightly from 7.2% to 7.3%. The S&P 500,
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