Daily Market Commentary

Stocks End Down While Waiting for the Results of the Fed’s Meeting

December 17th, 2013

Microsoft (MSFT) has been searching for months to find a new CEO to replace Steve Ballmer. While they still haven’t named a suitable successor yet, they plan to hire a new CEO early next year. After General Motors (GM) announced that they will be investing $1.3 billion to upgrade their plants, some wonder if that
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Strong Productivity Data Drives Stocks Up

December 16th, 2013

All three main indices end up after a lackluster last week. The stocks shot up today after strong productivity data was released today. U.S. worker productivity jumped up 3% in the third quarter, which is the fastest growth in almost four years. This along with other strong economic reports show that the economy is starting
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Ford to Hire 5,000 in 2014 as Qualcomm Announces New CEO

December 13th, 2013

After ending the week down for the most part, the Dow Jones and Nasdaq end the day up with the S&P 500 ending the day down. Microsoft (MSFT) has been searching for a new CEO for months and Steve Mollenkopf had become one of Microsoft’s top choices. Unfortunately for Microsoft, Mollenkopf was promoted from COO
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Stocks End Down for a Third Straight Day as Hilton Releases IPO

December 12th, 2013

Stocks end down for a third straight day as all three main indices end below their recently achieved milestones. Hilton (HLT) Worldwide Holdings becomes a publicly traded company once again after being taken private by the Blackstone Group in 2007. The world’s largest hotel chain brings the largest hotel IPO ever to its return to
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Stocks End Way Down as The Fed is Scheduled to Meet Next Week

December 11th, 2013

The stocks closed down for yet another day, with the Dow Jones ending below 16,000 and the S&P 500 ending below 1,800. The stocks end down upon announcement that the Federal Reserve will meet next week to discuss the stimulus. After years of success, Southwest Airlines (LUV) announced that they are going to be pulling
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First Female CEO in Detroit as Twitter Has Record Day

December 10th, 2013

After a record close for the S&P 500 yesterday, the main stock indices closed down at the end of trading today with the Dow Jones ending the day below 16,000 since first reaching that milestone. Detroit has its first female CEO, as Mary Barra is hired as General Motor’s (GM) new CEO. This appointment comes on
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Is a Bubble on Our Horizon as a New Record for S&P 500 is Set

December 9th, 2013

After a lackluster week last week, the stocks all finished in the green with the S&P 500 closing at a new record high. With the continual rise of stocks some economists are forecasting a bubble on our horizon. While bubbles are rare and hard to predict, we are currently experiencing similar conditions to the last
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Better Than Expected Jobs Report Raises Stocks

December 6th, 2013

Stocks end up today after the jobs report was released and delivered better-than-expected numbers. The jobs report showed that the unemployment rate is dropping and more jobs continue to be added, thus showing that the economy continues to improve. The Dow Jones jumped up 200 points after the jobs report was announced. As the jobs
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Strong Economic Growth in 3Q as Jobless Claims Fall

December 5th, 2013

The main stock indexes continue to drop and ended the day down as talk of tapering intensifies. Today, across the United States fast food workers went on strike in hopes to raise the minimum wage. Many workers say they are unable to live on $7.25 an hour (which equals approximately $15,000 per year), therefore, the
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Microsoft Officially Acquires Nokia; Private Sector Increases Number of Jobs

December 4th, 2013

Nasdaq finishes up for the first time this week while the S&P 500 and the Dow Jones finish in the red for the third straight day. Microsoft’s (MSFT) acquisition of Nokia is now complete after approval by the European Union, this deal is for $7.35 billion. Reports are showing that CEO’s are optimistic about the economy
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Cyber Monday Sets Record Number of Sales; Detroit Could Cut Pensions

December 3rd, 2013

The S&P and Dow Jones finished below their milestones for the first time since achieving these milestones as all three indexes end the day in the red for the second consecutive day. Black Friday drove auto sales up for the month of November to an annual selling rate of 16.4 million, significantly higher than 15.3
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Fast-Food Workers Strike Ahead as Manufacturing Activity is Up

December 2nd, 2013

The Dow Jones, S&P 500, and Nasdaq all finished down on Cyber Monday. Consumer spending was up in November. American’s on average spent about $3 more a day in November than in October. Fast food workers are going on strike to protest the minimum wage. Workers in approximately 100 cities will protest on Thursday to
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Bitcoin’s Popularity Rises; Unemployment Numbers Drop

November 27th, 2013

All three main indexes continued to rise throughout the day as the U.S. markets are closed tomorrow for Thanksgiving. The number of American’s that are unemployed and seeking unemployment benefits dropped by 10,000 last week to 316,000. Is Bitcoin the next gold? Some investors see Bitcoin as a very comparable alternative to gold as it
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Nasdaq Closes Above 4,000; Consumer Confidence Falls

November 26th, 2013

Nasdaq closed above 4,000 for the first time since 2000. Men’s Warehouse (MW) put down an offer to buy Jos. A. Bank Clothiers (JOSB) today for approximately $1.2 billion. Hyundai looks to dive further into the luxury cars market as it revealed its new Genesis sedan today. The sedan has been completely redone since it was
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Walmart Appoints New CEO; Top Executives Depart Blackberry

November 25th, 2013

Nasdaq tops 4,000 for the first time in over 13 years but is unable to remain there until close of the markets. Walmart (WMT) announced today that Doug McMillion will replace CEO and President Mike Duke who recently stepped down. McMillion currently holds the title of CEO of Walmart International and first began working for Walmart
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Increased Number of Job Openings; S&P 500 Finishes Above 1,800

November 22nd, 2013

The Dow Jones finished the day above 16,000 for the second straight day as the S&P 500 finished above 1,800 for the first time ever. A couple of good economic reports were released today. The number of job openings and also the number of people hired increased in the month of September to the highest
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Apple Awarded $290.45 Million; Dow Closes Above 16,000

November 21st, 2013

The Dow Jones continues its record run after finishing the day above 16,000 for the first time ever. After President Obama recommended Janet Yellen as the new chair of the Federal Reserve last week, the Senate Banking committee followed suit recommending her today. After two straight weeks of increases, the 30-year mortgage rate falls to
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Fed’s Tapering May Be Sooner Than Expected; MSFT Aims High

November 20th, 2013

Stocks fell once again today after news broke that the Fed may begin tapering their buying habits sooner than expected. Credit card late payments are rising marginally from 1.27% to 1.36% due to an increase number of Americans falling behind on their credit card payments. This is in part due to the increase of spending, partially
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JP Morgan Must Pay $13 Billion; Stocks End Down

November 19th, 2013

After the Dow Jones was trading above 16,000 yesterday, the three main indexes ended the day in the red. Janet Yellen, the nominee for chair of the Federal Reserve, stated that one of her top priorities is to resolve the issue that banks are “too big to fail”. While this is a big task to
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Dow Reaches 16,000; Apple Purchases 3-D Sensor Company

November 18th, 2013

The Dow Jones reached and rose above 16,000 for the first time ever as the S&P 500 neared 1,800. The Dow was the only one of the three main indexes to finish in the green at the end of trading today. Retailers are releasing their holiday deals even earlier this year and Nielsen predicts that
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