Daily Market Commentary

The S&P 500′s winning streak of eight sessions finally ended on Monday as mixed economic reports were shared from the US. The Nasdaq was boosted slightly after shares of Apple (AAPL) rebounded by 1.8%. Companies reporting positive earnings res…

The S&P extended its gains to what has now become the longest positive streak since 2004. Deutsche Bank (DB) analysts have revised their twelve-month target for the index from 1,575 to 1,600. The Dow is also on it’s way to an all-time high whi…

On Thursday the S&P 500 briefly broke ahead of the 1,500 mark for the first time since December 2007, but erased gains by the end of the day. The Dow also made small gains today while Nasdaq ended in the red. Jobless claims surprised many and …

The House of Representatives voted on Wednesday to extend the debt limit in the US while the major indices saw gains for another session. The S&P 500′s winning streak has now reached six days and nears the investor target record of 1,500 point…

The S&P 500 hit a five-day high midday on Tuesday after recent optimism for the global economy. Stocks were also trading higher ahead of tomorrow’s meeting among the House of Representatives for a vote on an extension of the US debt limit. The…

Across the globe important policy meetings were scheduled for Monday, including talks between euro zone ministers and a two-day policy meeting for the Bank of Japan. Greece was given the green light for a new loan payment of 9.2 billion euros this…

The stock market continued with gains for the third straight week as the Dow and S&P 500 closed at five-year highs. Companies such as General Electric (GE) and Research in Motion (RIMM) pushed the major indices higher on positive outlooks for …

The S&P 500 hit a five-year high on Thursday on positive data from the housing market, jobs report and corporate results that beat expectations for the fourth-quarter. Unemployment claims in the US dropped to a five-year low last week. Several…

Trading volume remained relatively low on Wednesday as most analysts await the rest of fourth-quarter results. Banks such as JPMorgan Chase (JPM) and Goldman Sachs (GS) released their quarterly reports, both exceeding estimates and causing shares …

While Apple (AAPL) continued to drag down tech stocks again on Tuesday, the major indices were able to finish mostly higher. Retail sales were stronger than expected in December and helped the Dow climb for the fifth straight day. The holiday shop…

The major indices ended mixed on Monday as investors awaited remarks from Ben Bernanke of the Federal Reserve on monetary policy. After Republican leaders echoed their call on Obama to increase the debt ceiling, the President stated that he refuse…

US stock indices saw little change on Friday but posted weekly gains for the most part. Multiple reports came out today including the US December budget deficit – the budget gap of $260 million was the lowest the government has seen for the last m…

The S&P 500 ended close to a five year high on Thursday after positive economic data emerged from China and the euro zone. Investors are optimistic about the status of China’s economy due to a rebound in export growth during  December. ECB Pr…

Stocks ended their losing streak on Wednesday and finished with cautious gains. Several earnings reports have come in but it is still too early to know how well corporations did overall during the fourth quarter. Herbalife Ltd. (HLF) was up 4.2% a…

With the fourth-quarter earnings season underway, the major US indices saw a second day of losses on Tuesday. Although Q4 profits are expected to be higher than the previous quarter, estimates have been lowered significantly since October. After t…

After last week’s major gains, stocks on Monday ended lower as investors shifted attention to fourth-quarter earnings expectations. Bank of America (BAC) announced its settlement of $10 billion with Fannie Mae over mortgage claims. Separately, a g…

Stocks made gains on Friday that pushed the S&P 500 to its highest closing level since 2007. The Dow and Nasdaq also climbed but the S&P is the first of the three major indices to cross back over to its bull market high. Today’s jobs repor…

Minutes from the Federal Reserve’s latest policy meeting were released on Thursday, dragging down the US markets. Officials stated that bond purchases would last at most until the end of 2013 due to continuing concerns of financial stability. Jo…

The last minute budget deal reached in Washington along with technology stock gains pushed the major US indices higher on Wednesday. The passed legislation late on Tuesday will prevent most impending tax hikes and postpone spending cuts by two mon…

Stocks fell for the fifth session in a row on Friday as many continue to wait for a cliff deal. President Obama met with Congressional leaders this afternoon while the GOP is not meeting again until Sunday evening. The Standard & Poor’s Rating…