Daily Market Commentary

S&P 500 Closes Above 2000; Mobileye is the Hottest IPO of the Summer

August 26th, 2014

The S&P 500 set history today, finishing the day above 2,000 for the first time ever. The Dow Jones and Nasdaq also finished the day in the green. Mobileye (MBLY) seems to be one of the hottest IPOs of the summer, with its shares trading nearly 60% above its IPO price. Mobileye designs technology that
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Burger King Up on Talks With Tim Hortons; S&P 500 Finishes Just Shy of 2000

August 25th, 2014

The S&P 500 finished at yet another record high, but ended the day just shy of 2000 at 1997.92. The S&P 500 did however trade above 2000 for the first time ever during part of the day. Burger King’s (BKW) shares were up as high as 23% during the trading today on talks of merging
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McDonald’s Names New U.S. President; eBay Considering Spinning Off PayPal

August 22nd, 2014

Stocks close the day mixed with Nasdaq ending the day in the green, while the S&P 500 and Dow Jones closed the day down. In hopes of turning around business, McDonald’s (MCD) named Mike Andres as its new president for the U.S. division. Andres will become the second McDonald’s U.S. president in 2 years. eBay’s
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The Demise of Sears Continues; S&P 500 Closes Above 1,992

August 21st, 2014

The S&P 500 rallied today to close above 1,992 for its 28th record high of the year. The Dow Jones also finished the day above 17,000 for the first time in a month. The better-than-expected economic data drove the stocks higher as the number of Americans filing jobless claims for the first time fell by
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When Will the Fed Raise Short-Term Interest Rates?

August 20th, 2014

The S&P 500 closed just short of a record, despite ending the day in the green. Investors are seeking answers to when the Federal Reserve expects to raise short-term interest rates. Last month the majority of the Fed policymakers said they were not expecting to raise interest rates until early 2015, but if the economy
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Apple’s Stock Hits All-Time High; Aeropostale’s Shares Up 20% on CEO Announcement

August 19th, 2014

Stocks continued to rally for the second straight day as the S&P 500 nears yet another record. The demand for the iPhone 6 sent Apple’s (AAPL) stocks soaring today. Apple’s stocks closed at just over $100 a share, the highest price in the tech company’s history. Steve Ballmer, the former CEO of Microsoft (MSFT), stepped
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Nasdaq Jumps to a 14-Year High; Tasers Stocks Soar 25%

August 18th, 2014

U.S. stocks rallied to end the day sharply higher. The Dow closed the day up 175 points and Nasdaq closed the day at a 14-year high. Shares of Taser International (TASR) soared 25% today as the protests in Ferguson, Missouri continue. Taser International is best known for its taser guns but also for wearable video
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Stocks Rebound after Initial Fall; Security Breach at SuperValu

August 15th, 2014

US stocks dropped as the news about a clash between Ukranian and Russian forces started coming in on Friday. With markets actively seeking out safer investments, the 10-year Treasury notes yield was down more than 5 basis points. However, major indexes ended up posting weekly gains partially boosted by a rise in industrial production. Albertson’s
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Berkshire Hits $200K per Share; Coke to Acquire 17% of Monster Beverage

August 14th, 2014

US Commerce Department reported that July retail sales, excluding auto sales, were up only 0.1% from the previous month. Weekly jobless claims rose more than expected last week, but remained near pre-recession marks.¬†One of the biggest stories of the day was a $200,000 share price that Berkshire Hathaway’s (BRK) Class A stock hit for the
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Will Stocks Fall at End of Q3 When The Fed Stops Purchasing Bonds?

August 13th, 2014

Stocks end the day with solid gains as the Dow added 91 points to finish the day back in positive territory for 2014. Wall Street is afraid of history repeating itself. The stock market has fallen both times the Fed got out of the bone-buying business in the past and market gains have steadily slowed
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Job Openings At Highest Level Since 2001; Yellen Avoiding Economic Downturn

August 12th, 2014

U.S. stocks ended the day slightly lower despite the good jobs report. Job openings increased for the fifth straight month in June, reaching their highest level since early 2001. The creator of Candy Crush, King Digital (KING) shares were down 20% in afterhours trading after missing their revenue projections. Shares are down $4.20 to $14
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Chiquita Up 31% on Takeover Bid; Dow Remains in Negative Territory for 2014

August 11th, 2014

Despite all three U.S. indices ending the day in the green, the Dow slid back into negative territory for 2014. While job growth has been continuing to improve in the United States since the recession, it comes at a cost. Workers are earning around 23% less than earnings from the jobs which were lost. Chiquita’s
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U.S. Worker’s Productivity Increased 2.5% in Q2; Tekmira’s Shares Up 45%

August 8th, 2014

Stocks recovered today, with the Dow jumping up around 185 points and the S&P 500 ending above 1900. Many investors thought the U.S. market would follow Japan as the Nikkei index dropped 3% today. Shares of Ebola drugmaker, Tekmira Pharmaceuticals (TKMR) soared 45% today after the FDA allowed potential use of the pharmaceutical company’s experimental
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Dow Ends At Lowest Level Since May; MCD’s Shares Near 52-Week Low

August 7th, 2014

Stocks fell once again today with the Dow Jones ending at its lowest level since May 20th. Stocks continue to get dragged down as investors worry about rising global tension despite reports of an improving U.S. economy. Many Americans are still feeling the aftermath of the recession that lasted from December 2007 until June 2009. Nearly
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Sprint Withdraws Bid to Acquire T-Mobile; Walgreens to Keep HQ in the U.S.

August 6th, 2014

Stocks ended the day higher, seemingly shaking of the recent global turmoil. Sprint (S) announced today that they are withdrawing their bid to acquire T-Mobile (TMUS). This announcement comes on the same day that the wireless company named their new CEO, Marcelo Claure. Walgreens (WAG) has decided to keep its headquarters in the United States.
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Apple To Unveil New iPhones on Sept. 9; U.S. Factory Orders Up 1.1%

August 5th, 2014

U.S. stocks recovery was short-lived as the Dow Jones ended the day down nearly 150 points. Apple (AAPL) announced today that they are set to unveil their next-generation iPhones on September 9th. The tech company is expected to release two sizes of the iPhone 6, a version with a 4.7 inch screen and a larger
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U.S. Stocks Recover From Worst Week in 2 Years; MSFT

August 4th, 2014

Stocks recover, just slightly, from their losses last week. Last week was even reported as the worst week for U.S. stocks in over two years. Now, many investors are wondering if the recent sell-offs will continue thus signaling the bear market. Microsoft (MSFT) filed a lawsuit against Samsung stating that the tech company owes Microsoft
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P&G to Shed 90 Brands; 209,000 Jobs Added in July

August 1st, 2014

Stocks close the day even lower today as the aftermath of Argentina’s debt crisis continues. Procter & Gamble (PG) announced today that they plan to sell or eliminate 90 to 100 minor brands to focus on its remaining 70 to 80 best-selling brands. The labor market continues to improve as 209,000 jobs were added last
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Argentina’s Debt Default Drives Stocks Lower; Dow Falls 316 Points

July 31st, 2014

Stocks end the day much lower with the Dow falling over 300 points, in part due to the debt crisis in Argentina. This is Argentina’s second default in 13 years and many U.S. investors are wondering what this means for global markets. RadioShack’s (RSH) days are numbered as it has only $62 million in cash
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Fed Cuts Bond Purchases by $10B; U.S. Economy Grew 4% in Q2

July 30th, 2014

Stocks end mixed after the Fed announced that they will cut their monthly stimulus spending by an additional $10 billion. The Federal Reserve cited an improving economy and labor market as reasons to continue cutting the stimulus. The U.S. economy grew 4% in Q2, rebounding from the harsh winter weather in Q1. The U.S. posted
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