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Daily Market Commentary

Stocks Start The Year Off Mixed – Dow Up, Nasdaq and S&P 500 Down

January 2nd, 2015

U.S. stocks start off the year mixed as the Dow ends the day slightly up, while Nasdaq and the S&P 500 end the day slightly down. The Dow jumped up 100 points early this morning but retreated after two disappointing economic reports were released, construction and manufacturing activity slowed in December. As the new year … READ MORE

Stocks Fall on Last Day of 2014

December 31st, 2014

Despite falling on the last day of the year, U.S. stocks had an overall good year. In 2014 the Dow gained 7.5%, the S&P 500 is up 11.4% and Nasdaq rose 13.4%. These gains led Wall Street to its third straight year of three-digit gains, for the first time in over 10 years. The utility … READ MORE

Dow Closes Below 18,000; S&P 500 Up 12.7% in 2014

December 30th, 2014

Stocks end the day down as the Dow falls below 18,000 and the S&P 500 pulls back from its recent record high. This year, overall, stocks have performed much better than expected. The S&P 500 is up 12.7% (15.4% including dividends) which is almost double what stock market strategists predicted at the beginning of the … READ MORE

Dow Ends 7-Day Streak as the S&P 500 Closes at New Record High

December 29th, 2014

Stocks end the day mixed as the S&P 500 closed at a new record high, its 53rd record close of the year, while the Dow snapped its 7-day winning streak. Minimum wages are set to rise this week in 21 states. As 2015 rings in, 2.4 million workers hourly wages will increase by an average … READ MORE

U.S. Stocks Edge Higher After Christmas Hiatus

December 26th, 2014

Stocks end the day in the green after taking a day hiatus for the Christmas holiday. The Dow, Nasdaq and S&P 500 all ended the week with gains as there was little expectation of major market changes as many traders took a long weekend holiday. Amazon (AMZN) Prime was a much desired subscription service this … READ MORE

US Economy Posts 5% Growth Rate; Dow Breaks 18,000 Point Mark

December 23rd, 2014

After an announcement by the Commerce Department that the U.S. economy grew at a 5.0% annual rate in the 3rd quarter, Dow and S&P 500 respond by trading up. The Dow Jones Industrial Average rose 76 points, or 0.4%, to record-breaking 18,036 points. The S&P 500 index rose 5 points, or 0.2%. Health-care stocks were … READ MORE

Tech Stocks Lead S&P 500 to Record High

December 22nd, 2014

While holiday trading volumes were traditionally low, the S&P 500 closed up nearly 8 points, or 0.38%, and Dow Jones added 154.51 points, or 0.87%. Last week the Federal Reserve promised not to make any sudden movements concerning the timing and pacing of interest rate hikes, thus giving investors a positive outlook. OPEC is looking … READ MORE

Staples Breach Affected 1.2M Cards; Stocks Nearly Erased Recent Mini-Correction

December 19th, 2014

Stocks continued their surge today and have now nearly erased all of the damage caused by their recent mini-correction. The three session jump is mainly due to the announcement from the Fed saying that they are in no rush to raise interest rates. Staples announced today that cyber criminals may have compromised upwards of 1.2 … READ MORE

Dow Posts Best 1-Day Point Gain Since November 2011

December 18th, 2014

The Dow continues its effort to make up for its recent shortcomings as the Dow jumped up 421 points today – its biggest 1-day point gain since November 2011. The good news from the Fed regarding no immediate plans to increase short-term interest rates carried over today. The shale industry has been a blessing to … READ MORE

Stocks Surge to Best Day of the Year on Fed’s Announcement

December 17th, 2014

Stocks experienced a much needed surge today after the Fed signaled that they could raise interest rates in the coming months, but also said that they would remain patient in doing so. The Dow rose 288 points while the S&P 500 jumped up 2% in the best day of the year. President Obama announced plans … READ MORE

Fed Expected to Signal Rate Hike This Week

December 16th, 2014

The Dow fails to rally and closes the day down 112 points. The Dow and the S&P 500 have now ended in the red for six of the past seven days. Today the Russian ruble fell 23.2% vs. the U.S. dollar, marking an all-time low for the Russian currency. Despite falling gas prices many believe … READ MORE

Investors Compare Drop in Oil Prices to the Dot-Com Bust of 2000

December 15th, 2014

As oil prices continue to drop, so does the stock market. Oil prices fell below $56 a barrel today and the Dow fell 100 points; the S&P 500 and Nasdaq also finished the day in the red. Typically this time of year brings investors great joy as the Santa Rally is in full swing, but … READ MORE

Dow Closes Out Worst Week in 3 Years, Falls 315 Points

December 12th, 2014

The Dow continues to get hit by the falling gas prices and ends the day down 315 points. The Dow closed out the week as one of its worst weeks in 3 years. Gas prices also continue to fall, down below $58 a barrel. December historically has been a very friendly month for stocks, but … READ MORE

Crude Oil Falls Below $60 a Barrel, Lowest Price Since 2009

December 11th, 2014

The Dow Jones and S&P 500 ended a 3-day losing streak today in wake of a report showing strong retail sales in November. Crude oil prices continue to fall, plunging below $60 for the first time since July of 2009. This is seen as a ‘tax-cut’ for U.S. consumers as many people are spending what … READ MORE

One of the Worst U.S. Stock Market Days of 2014

December 10th, 2014

Today marks one of the worst days of 2014, in regards to the U.S. stock market. The continual decline of gas prices led to the Dow falling 268 points and the S&P 500 losing 1.6%. A gloomy output for oil in 2015 sent crude oil prices plunging once again. OPEC slashed oil production estimates for … READ MORE

The Dow Stages a Comeback But Falls Short, Ends the Day Down 51 Points

December 9th, 2014

The Dow attempted to stage a comeback today after falling 222 points, but failed to deliver as it ended the day down 51 points. Global economic concerns weighed heavy on the stock market today. Chinese and European markets plummeted today and Greece saw one of its worst trading days in a decade. After falling 5% … READ MORE

Tesla’s Stock Plunges as Oil Prices Continue to Fall

December 8th, 2014

Stocks end the day down after the energy sector sector fell 5% due to the continual drop in oil prices. The energy sector isn’t the only one that is hurting due to the falling gas prices, Tesla’s stock has fallen more than 25% since September as alternative fuel is not deemed necessary due to the … READ MORE

321,000 Jobs Added in November; Dow Finishes Just Below 18,000

December 5th, 2014

The Dow Jones falls just short of reaching 18,000, ending the day at 17,958. 321,000 jobs were added in November, blowing past even the most optimistic expectations. The release of the jobs report puts 2014 on track to become the best year for job growth this century. The unemployment rate remained unchanged at 5.8% as … READ MORE

Starbucks Shares Near All-Time High; S&P 500 Up 12% in 2014

December 4th, 2014

Despite ending the day in the red, stocks are still on track to make strong gains in 2014. The S&P 500 is up 12% in 2014 alone. Starbucks (SBUX) shares approached all time-highs today after unveiling their ambitious 5-year growth plan. The coffee chain plans on adding additional stores, increasing menu offerings and offering alcoholic … READ MORE

Dow Closes Above 17,900 for the First Time; 208,000 Jobs Added by Private Sector in November

December 3rd, 2014

Stocks climbed further today as the Dow Jones and S&P 500 notched all-time closing highs. The Dow Jones even closed above 17,900 for the first time ever today. Stocks rose as reports were released regarding steady job growth and other positive economic news. The U.S. private sector added 208,000 jobs in November, missing the estimated … READ MORE