Daily Market Commentary

The stock market continued with its fourth day of gains, becoming the best pre-Labor Day streak for the DJIA in 20 years. Today the Dow Jones rose 128 points or 1.24%, and the Nasdaq rose 34 points or 1.53%. The economics reports caused mixed rea…

The stock market started off September with a bang, posting gains that hadn’t been experienced in nearly two months! All of the major indices posted significant gains today, with the Dow rising 255 points, or 2.54%, and the Nasdaq and S&P 500 each gaining just shy of 3%. The largest push came from unexpected growth
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Stocks advanced earlier in the day supported by a larger than expected rise in consumer confidence and an increase in U.S. home prices. The Conference Board said that its Consumer Confidence Index rose to 53.5, 3 points greater than the anticipated 50.5; bucking the two months trend of declines. Another good news came from the
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The stock market declined on Monday ahead of three job reports this week, that include: ADP’s private non-farm payrolls to be released on Wednesday, the weekly initial jobless claims report on Thursday, and the BLS Employment Situation Summary on F…

The markets made a nice recovery today as all major indices posted gains. The Nasdaq roared back from a sub-par session yesterday with a 164.84 point gain, and the Nasdaq jumped up 34.94 points to 2,153.63. The S&P 500 also rallied for a 17.3…

Despite the session’s promising start, the markets took a hit today. The morning trading was relatively positive after the Department of Labor reported that unemployment claims actually declined last week. However, the optimistic mood soon faded when a closer examination of the report seemed to indicate that the unemployment drop was mostly caused by seasonality.
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Wall Street seemed to be recovering from the sharp decline in the home sales figures. After yesterday unflattering existing home sales number, new home sales came in today at 276,000, down 12.4%, and considerably less than the 334,000 expected. Many investors attribute the drop to the expiration of the home buyer tax credits, and stocks
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The markets had a rough session today as more disappointing housing data was released. Investors seemed to panic after hearing that sales of existing homes dropped 27 percent last month. The Dow Jones lost 133.96 points, and even slipped below the 10,000 point mark for part of the session. The Nasdaq forfeited 35.87 points to
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All three major indices were up strongly toward the beginning of the day fueled by some high profile acquisition news that include: a Chinese private equity fund-led consortium potential acquisition of fertilizer giant Potash (POT), Hewlett-Packard (HPQ) aggressive bid for 3Par (PAR), and SABMiller negotiation to purchase Australia’s Foster’s Group. Unfortunately, the early excitement lacks
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The major indices closed down this week, with the exception of the Nasdaq which just barely gained, inching up 0.81 points. The Dow Jones fell 57.59 points, or 0.56%, and the S&P 500 slipped 0.37%. Economic reports remained disconcerting, with inconsistent employment data across the country, and a decrease in oil prices due to oversupply
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