Daily Market Commentary

Major indices were mostly flat when markets closed today, with the exception of the Nasdaq, which was down almost 1 percent. This in spite of news from Europe that the European Central Bank had been aggressively lending at rock-bottom rates to Euro…

After positive economic news and a drop in Spanish borrowing costs, major indices were up by almost 3 percent each today. The Labor Department’s jobless data came out today, and the jobless rate fell in nearly every American state. In North Carolin…

European Central Bank President Mario Draghi ended early morning market rallies with a very cautious statement on the state of Europe’s economy, increasing the expectation of tighter capital requirements coming down the road. Bank of America (BAC) …

After another turbulent week in the markets, major indices ended mostly flat for the day. In the US, the House passed a $1 trillion appropriations bill in time to avoid a federal shutdown. California created 6,600 new jobs in November bringing the …

Stocks were bolstered today by the news that jobless claims had fallen to their lowest level since the middle of 2008. This news, however, was offset by continuing trouble in Europe as well as negative news in the mortgage market. 30-year mortgage …

Tension over the European debt crises was exacerbated as the exchange rate for the Euro fell below $1.30 today. The major US indices were down over 1 percent as a result. 30-year Treasury bond yields are at 2.93 percent, a record low, further signa…

Today the Federal Reserve announced that it would not be making any changes to its current monetary policy because its officials saw key indicators of a recovery in the economy. Major indices responded by falling, as investors had hoped for a more …

Major indices were all down by over 1 percent today, as the announced European fiscal pact failed to inspire confidence in investors. In addition, Moody issued an alert about the potential negative impact of the Euro crises on the Chinese economy, …

The stock market ended an up-and-down week with solid gains today, with most of the major indices rising between 1.5 – 2 percent. This caused the markets to end the week with a net gain. Many investors reactions this week were focused on the EU s…

An announcement from the European Central Bank head Mario Draghi that they would not be increasing their purchases quashed recent speculations and drove major indices drastically down today. In addition, the Federal Reserve just released data showi…