Search

Daily Market Commentary

S&P 500 Ends the Day With a Record High to Start Off Q2

April 1st, 2014

The second quarter started off with a bang as the S&P 500 closes the day at an all-time high. The Dow Jones and Nasdaq also posted gains on the day. Many are hoping that this winning start to the second quarter means that the economy will pick-up after faltering during the winter months, partially due
Read the full article…

Stocks End Q1 in the Green; Glitches Found on HealthCare.gov

March 31st, 2014

U.S. stocks ended up on the last day of the first quarter of 2014. Newly appointed General Motor’s (GM) CEO, Mary Barra prepared for a House subcommittee investigation regarding the recent recall of over 2.5 million small cars. She explained to them that while she is currently unable to say why it took years for
Read the full article…

BMW is Expanding SC Plant; Ford CEO Gets 11% Raise

March 28th, 2014

Despite the rocky start to U.S. indices this year, many traders believe that the bull market has not ended and will continue. Out of all the traders surveyed by Charles Schwab, 42% say that they do believe that the bull market will not end until sometime in 2015. This shows that some investors are continuing
Read the full article…

Warning Flags are Raised as Stocks Continue to End Down

March 27th, 2014

Stocks end down once again today, with some warning flags being raised. 2013 was the best year on Wall Street since 1997, and 2014 isn’t off to the same great start. There are many different thoughts out there to the reasoning behind the slow start; they range from increased risk aversion in investors to some
Read the full article…

Candy Crushes IPO Disappoints; Nissan Recalls 1M Vehicles

March 26th, 2014

U.S. stocks close lower today, with Facebook dragging down Nasdaq after it fell 7% on the day. Despite being a heavily awaited stock, King Digital Entertainment (KING) fell 11% in its first day of trading. The maker of the popular Candy Crush app debuted its IPO at $22.50 per share. The automobile recalls continue as
Read the full article…

IRS Says Bitcoin is Not Currency; Walgreens Closing 76 Stores

March 25th, 2014

A jump in consumer confidence led stocks to rise today, with the Dow jumping up nearly 100 points. Walgreens (WAG) announced that they will be closing 76 stores. The pharmacy cited that profit has been slipping as fewer generic drugs are for sale, so they must close these stores to help increase profitability. In commemoration
Read the full article…

Former Madoff Employees Found Guilty; Apple and Comcast May Team Up

March 24th, 2014

The Dow Jones and S&P 500 ended the day slightly down, while Nasdaq fell over 47 points. It appears that Apple (AAPL) and Comcast (CMCSA) may be teaming up to offer live TV and an on-demand video service through Apple’s new set-top box. It seems that if this partnership comes to fruition, it would be
Read the full article…

S&P Retreats from Intraday Record; Credit Suisse Agrees to $885 Mill Settlement

March 21st, 2014

On Friday focus was placed on the Federal Reserve and its released results for bank stress tests in the US. The effects were mixed as Bank of America (BAC) slid lower by the end of the day and JP Morgan (JPM) soared to a high last seen in 2000. The Fed will not comment on
Read the full article…

“Starbucks Evenings” Expanding; Existing-Home Sales Fall

March 20th, 2014

Stocks rebounded today after falling significantly yesterday, with the S&P 500 nearing a record close. Starbucks (SBUX) doesn’t want to only be a staple in the morning but it also wants to be a place where you can hang out after work for happy hour. Starbucks COO announced today that they have plans to expand
Read the full article…

Tapering of the Stimulus Continues; Toyota Must Pay $1.2 Billion

March 19th, 2014

Stocks ended the day significantly down as Janet Yellen announced that they would continue tapering the stimulus package by another $10 billion to $55 billion per month. As more Americans are signing up for Obamacare, many are now struggling to find doctors and hospitals that will take their new health insurance. In some situations, Americans
Read the full article…

Will Microsoft Create Office for iPads?

March 18th, 2014

All three U.S. stock indices gained ground today as the geopolitical fears related to Ukraine seem to be diminishing. Microsoft’s (MSFT) shares soared today with talk about releasing a version of Office for Apple’s (AAPL) iPad. While there has not been a formal announcement from Microsoft yet, this could lead to a huge boost in
Read the full article…

GM Issues 3 More Recalls; Apple Developing Healthbook App

March 17th, 2014

The Dow Jones ends in the green after ending down all of last week. All three of the U.S. stock indices ended up as investors are seeming to disregard the weekend vote in Crimea. The automobile recall woes seem to continue. General Motors (GM) has issued 3 new recalls, not related to the recent ignition
Read the full article…

Apple Unlikely to Release 12.9″ iPad; Aeropostale Continues to Struggle

March 14th, 2014

Stocks closed down once again, which is the fifth straight day in a row for the Dow Jones. After recently raising the Amazon (AMZN) Prime cost in Europe, it was only a matter of time until the price was also raised in the US. Amazon has decided to raise the yearly price by $20 to
Read the full article…

Retail Sales Up in February; Dow Falls Over 200 Points

March 13th, 2014

The Dow falls over 200 points to end down for the fourth straight day. Geopolitical and economic risks abroad seem to be the cause of this drastic drop. McDonald’s (MCD) has multiple class-action lawsuits currently filed against them. Workers in three different states are suing the fast food company over wage theft violations after not
Read the full article…

Candy Crush Creator Releases IPO Price Range; Digital Tipping on the Rise

March 12th, 2014

Nasdaq and the S&P 500 end the day up with Dow Jones ending down for the third straight day. General Motors (GM) is hoping to ease the pain of their widespread recall. The auto company is offering free loaners to worried customers impacted by the recall. They are also offering $500 off a new car to
Read the full article…

4.2M Enrolled in Obamacare; Stocks End Down for Second Straight Day

March 11th, 2014

U.S. stocks once again end the day down for the second straight day. After 943,000 signed up for health care in February, the total number of American’s that have signed up for private health care is above 4.2 million. While the overall number of people enrolling on a monthly basis dropped from January to February,
Read the full article…

Sbarro’s Files for Bankruptcy Again; Boeing’s Shares Fall Amid Safety Conerns

March 10th, 2014

U.S. stock indicies fell just slightly today. Boeing’s (BA) shares fell today amid safety concerns involving the missing Boeing 777 jet. The aircraft maker dragged the Dow Jones down and was the biggest loser of the 30 stocks that make up the blue-chip index. McDonald’s (MCD) shares continue to struggle as more people are striving
Read the full article…

Jobs Report Shows Hiring Picked Up in February

March 7th, 2014

After rallying early, the U.S. stocks end the work week mixed with the S&P 500 ending the day with another record close. While the February jobs report showed that hiring picked up more than expected, there is a caveat – economists were forecasting much weaker numbers due to the harsh winter weather. But overall the
Read the full article…

Jobless Claim Drops to Lowest Level in 3 Months; Staples to Close 225 Stores

March 6th, 2014

The S&P 500 achieves yet another record high as investors anxiously await the February Jobs Report that will be released tomorrow. Last week’s jobless claim dropped by 26,000 to its lowest level in three months. Staples (SPLS) announced that they will be closing 225 stores by the end of 2015 in part of its $500
Read the full article…

Will Warmer Weather Bring Economic Growth?

March 5th, 2014

Stocks barely changed today as investors reacted to recent economic reports. The Fed’s Beige Book seems to support the notion that the harsh winter weather has played a significant role in slowing down the economy. Which would lead to the idea that economic growth could bounce back significantly as consumers “unleash pent-up demand” during the
Read the full article…