Daily Market Commentary

Microsoft Exceeds Expectations; Amazon Posts Net Loss of $437M in Q3

October 23rd, 2014

Stocks end the day higher due to some strong corporate earnings reports from Caterpillar (CAT), General Motors (GM), and Microsoft (MSFT); but a recent Ebola scare trimmed the Dow’s gains late in the afternoon trading session. Microsoft topped Wall Street’s estimates of 49 cents a year, earning 54 cents a share. The technology giant also
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Oil Prices Hit a 27-Month Low; Apple Stock Achieves New All-Time High

October 22nd, 2014

The U.S. market’s strong advances came to an abrupt end today as the Dow is now in the red for the year and the S&P 500 ended its 4-day winning streak. Investors are partially blaming the deadly shootout that occurred in and around Canada’s parliament today for the drop. Oil prices continue to slide, falling
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Yahoo Beats Wall Street Estimates; Staples Investigating Possible Breach

October 21st, 2014

The Dow gained 215 pints today, putting itself back in the black for 2014. Nasdaq closed the day up 2.4%, helped by Apple’s (AAPL) 2.3% jump. The S&P 500 notched its fourth straight day of gains, ending the day 2% higher. ¬†Yahoo’s (YHOO) shares rose 4% in after hour trading today after the Internet company
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Apple Up After Exceeding Wall Street’s Expectations; Stocks Add to Friday’s Rally

October 20th, 2014

A calm seems to have come over Wall Street today as all 3 main U.S. indexes end the day in the green. Apple (AAPL) is up in after hour trading after its sales and profits beat Wall Street’s expectations. The technology giant also launched Apple Pay today, which is available for use on all new
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Dow Rises 263 Points, Posting 2nd Best Day of 2014

October 17th, 2014

Stocks end day sharply higher as strong earnings reports are being delivered. The rebound rally in Europe also aided in the rally, ending the Dow’s six session losing streak. The 5.6% drop that Wall Street experienced yesterday pales in comparison to many other drops in October, and it didn’t even make the top 10 worst
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Apple’s Shares Down After iPad Unveiling; Google Falls Short of Wall Street’s Expectations

October 16th, 2014

U.S. stocks end the day mixed with Nasdaq and the S&P 500 ending the day in the green, while the Dow ended the day down only 24 points. Apple (AAPL) unveiled its newest products today, but investors didn’t respond positively. Apple’s stock closed down 1.3% to $96.26. Google’s (GOOG) shares were down as much as
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Dow is Down for 5th Straight Day; Netflix Tumbles 24%

October 15th, 2014

U.S. stocks end the day in the red. Investors were worried late in the day as the Dow was down 460 points, but ended the day down only 173 points. The stocks continued to be dragged down by a slowing global economy, mixed Q3 corporate earnings reports, and fear of the Ebola virus spreading throughout
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Lakeland Industries Up 274% in 2014; Darden Names Interim CEO

October 14th, 2014

Stocks closed the day mixed after coming under pressure late in the trading day. Lakeland Industries (LAKE) shares are up over 274% this year due to fears of Ebola spreading across the globe. Lakeland Industries makes hazmat suits that many healthcare workers are using to prevent the spread of Ebola. Alpha Pro Tech (APT), the
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Fiat Chrysler Makes NYSE Debut; GoPro Shares Fall 8%

October 13th, 2014

Stocks fell sharply in late afternoon trading today, adding to the massive losses from last week. Fiat Chrysler (FCAU) made its debut on the NYSE today, opening at $9. Chrysler has not been publicly traded in the United States in over 7 years; when it was last traded it the U.S. the company was known
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Tesla’s Debut Disappoints, Shares Down Nearly 8%

October 10th, 2014

Stocks cap off a roller coaster week down. The Dow couldn’t recover from its whopping loss yesterday and fell an additional 115 points today, losing all of the gains made in 2014.¬†Despite Tesla’s (TSLA) big debut yesterday, showing off a new vehicle, its shares were down as much as 8% during trading today. This drop
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Dow Falls 335 Points; Amazon to Open Retail Store in NYC

October 9th, 2014

The Dow fell a whopping 335 points today, posting its biggest drop since a 354 point slide in June of 2013. The S&P 500 and Nasdaq also fell 2% on the day. All 10 of the S&P 500′s industry sectors were down today, with energy stocks being hit particularly hard as crude oil prices continue
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Fed’s Minutes Drive Stocks to Rally; Interest Rates to Remain Low

October 8th, 2014

U.S. stocks rebounded today after the Fed’s minutes confirmed that interest rates were to remain low despite the improving job market. The Dow soared 274 points today, completely recovering from its massive loss yesterday to post its biggest gain of the year. The Fed’s September minutes were released this afternoon and showed little change from
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IMF Trims Global Growth Forecast; Stocks Suffer One of the Worst Days of 2014

October 7th, 2014

U.S. stocks suffer one of their worst days of 2014 as the Dow falls 273 points and the S&P 500 drops 1.5%. Wall Street seems to be reacting to additional negative economic data out of Europe, specifically continued “softness” out of the region’s biggest economy, Germany. The International Monetary Fund cut its global economic forecast
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HP to Split Into 2 Companies, Expected to Layoff 5,000 Additional Employees

October 6th, 2014

U.S. indexes failed to build on Friday’s rebound and closed the day slightly lower. Hewlett-Packard’s (HPQ) stocks were up 6% after the announcement was made that the 75-year-old company is planning on splitting into two separate companies in hopes to add shareholder value and spur innovation. HP will split be separating its computer and printer
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Unemployment Falls Below 6%; Apple’s Next Event Set for October 16th

October 3rd, 2014

Stocks end the week up due to a better than expected September jobs report. 248,000 jobs were added in September, far above the expected 215,000. The unemployment rate also fell below 6% for the first time in over 6 years. Apple (AAPL) is expected to hold another event this fall on October 16 to highlight
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Investors Eagerly Await September’s Jobs Report

October 2nd, 2014

U.S. stocks end the day mixed following selloffs in Asia in Europe. The continued unrest in Hong Kong, the spreading of the Ebola virus, and fears over the slowing global economic growth continue to drive down financial markets. Investors are eagerly waiting for the Fed’s decision regarding interest rates, and tomorrow’s jobs report will help
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Dow Sinks 238 Points; Pharmaceutical Stocks Up

October 1st, 2014

Stocks continued to fall today, starting the fourth quarter on a sour note as the Dow plunged 238 points on the day. Pharmaceutical companies, especially those with Ebola vaccinations or treatments, are big gainers today as the U.S. confirmed its first domestic Ebola case yesterday. The biggest gainers are Tekmira Pharmaceuticals (TKMR) up nearly 24%,
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September’s Bad Rep for Stocks Lives On; Microsoft Unveils Windows 10

September 30th, 2014

U.S. stocks end the day down, to cap of an overall down month. September is notoriously known as the worst-performing month of the year for stocks and things were no different in 2014, as the S&P 500 fell 1.5% in September and Nasdaq shed 1.9% this past month. Microsoft (MSFT) showed off its flagship operating
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PIMCO to Lose Billions on Gross’ Departure; Einstein Bros. Up 50%

September 29th, 2014

Stocks fell slightly today amid protests in Hong Kong. The pro-democracy protests that are occurring in Hong Kong are scaring Wall Street investors. PIMCO will probably lose billions of dollars, around 10% to 30% of its assets, when founder and star manager, Bill Gross, leaves the investment firm. Gross announced last week that he was
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Investors Urge a Merger Between Yahoo & AOL; U.S. Economy Grew 4.6% in Q2

September 26th, 2014

Stocks recover part of their losses from yesterday, but U.S. stocks did not recover entirely. Many investors, mainly activist investing firm Starboard, are urging Yahoo (YHOO) to merge with AOL (AOL). Both AOL’s and Yahoo’s stocks are up on this proposition. The U.S. economy rebounded sharply in Q2, after faltering in Q1. The economy actually
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