Daily Market Commentary

Markets ended flat for the day, as negative housing and consumer sentiment data depressed an early rally. The S&P/Case-Shiller index of single-family home prices showed a 0.7 percent decline in November, much bigger than was expected. A consume…

GDP grew at a rate of 2.8 percent last quarter, the fastest it has grown in a year and a half, but major indices remained mixed as there were several indicators that the beginning of 2012 would not go as smoothly. Consumer sentiment did, however, g…

The expansionary comments from the Federal Reserve were not enough for markets today, as major indices fell. The most likely factor was the housing data which came out, showing that  sales fell in December for the first time in four months, making…

Major indices jumped close to 1 percent today after Federal Reserve Chairman Ben Bernanke announced that it was unlikely there would be any federal funds rate target hike until at least late 2014. In Europe, it is reported that the members of the European Central Bank…

As discussions over the restructuring of Greek debt hit another roadbump in Europe, major indices were flat or slightly down today. Louisiana received good news about its jobless rate, which went down from 6.9 percent in November to 6.8 percent in …

Major US indices ended essentially flat for the day today, as investor anxiety mounted during the meetings in Europe concerning the state of the eurozone and what actions might be necessary. Yields on 10-year Treasury notes fell for the fourth day …

After tech stocks led an early rally in the markets, they came back down, with the Dow keeping a 0.76 percent gain but the S&P 500 and Nasdaq remaining flat. A report from the National Association of Realtors claims that December home sales wer…

Major indices ended slightly up for the day today on the strength of the Q4 earnings from financial institutions, with a few big name technology companies also doing well. In more negative news, Eastman Kodak (EK), the company that invented the han…

Major indices were up by about 1 percent across the board today, on the strength of corporate earnings calls and hope on the eurozone front. The IMF announced that it was looking to increase its funds by $600 billion so that it could aid countries impacted by the crises, particularly eurozone nations. The announcement helped
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Despite the fact that nine European countries were downgraded by Standard & Poor this past friday–including France–markets were up today, with the Dow up almost half a percent. Recent data on housing sales shows that there was 14 percent grow…