Daily Market Commentary

US markets were flat today, in contrast to their European counterparts which fell on news that December retail sales had fallen short of expectations. The Federal budget deficit also increased year over year in December by almost $8 billion. The La…

Bank stocks were up today, along with materials, leading major indices to end up for the day. Meanwhile, the threat from Iran that they would close the Strait of Hormuz, a situation that has been ongoing for some time now, caused uncertainty that was reflected today in rising prices on oil futures contracts, up by
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Major indices showed modest gains today as investors anticipated earnings calls from a few major corporations. In economic news, Federal Reserve numbers show that consumer credit in the US increased by more than $20 billion in the month of November, the largest increase in the past decade. In corporate news, Amazon (AMZN) struck a deal
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Stocks fluctuated on Thursday as banks made strides forward and energy companies countered by sliding backward, leaving exchanges near even on the day. Bank of America (BAC) and JPMorgan (JPM) led banks toward gains, and Chevron (CVX) helped drag t…

Markets opened this morning with a sizable sell of in anticipation of negative results from the first round of Euro bond auctions, but bounced back after Germany was able to sell their bonds at a lower rate than the last auction, and major indices …

Major indices were up more than 1.5 percent today as good news about the state of the economy came from several fronts. The Institute for Supply Management said that the manufacturing sector was up from November, while the Commerce Department saw c…

>Markets rallied today on the news that the number of contracts signed in order to buy homes in November was up by more than 7 percent, though this news was tempered by the fact that cancellations of such contracts were also up. After a series of w…

The euro fell to an 11-month low today in its exchange rate against the dollar, sending major indices down over 1 percent in a very thin day of trading. Iran’s threat to disrupt oil supply by blocking shipments through the Strait of Hormuz was temp…

Markets saw thin trading Tuesday thanks to post-holiday effects, leaving major indices relatively flat. The biggest news in the corporate arena came from Sears Holdings (SHLD), who announced they plan to close up to 120 stores as the department sto…

Trading was thin today, but when the news that new jobless claims were at their lowest level since 2008, major indices were pushed up, making it the third day in a row that markets have accrued gains. In less positive news, the mortgage rates on 30…