Daily Market Commentary

Will the ‘Santa Rally’ Return This December?

December 1st, 2014

After a strong November, December starts off on a low note as the U.S. stock indexes end the day in the red. Many investors are expecting a ‘Santa rally’ this month as consumers will have more income on hand if gas prices remain low. December is historically known as an investor-friendly month and has been
Read the full article…

U.S. Unemployment Claims Top 300,000; Record Closes Continue

November 26th, 2014

The Dow Jones and S&P 500 set new closing highs the day before the U.S. stock market will be closed for Thanksgiving. U.S. unemployment benefit claims jumped up above 300,00 for the first time in almost three months. The biggest shopping day of the year is quickly approaching. More stores than ever are opening on
Read the full article…

Apple Valued at $700 Billion; U.S. Economy Grew 3.9% in Q3

November 25th, 2014

Stocks end mixed today on a relatively quite day. Today, Apple (AAPL) became the first company ever to be valued at $700 billion. Apple’s shares were trading as high as $119.75, giving the tech company a value of nearly $707 billion. The company has now surpassed analyst’s 18-month price target of $118.88 a share. U.S.
Read the full article…

Verizon Hopes to Entice Cord-Cutters; Dow and S&P 500 Close at New Record Highs

November 24th, 2014

The Dow Jones and S&P 500’s winning streak continued as both stock indexes closed the day with new record highs. Wall Street is hoping that the momentum will continue into this shortened holiday week. Verizon (VZ) is offering a new TV and internet package in hopes of enticing cord cutters. For only $59.99 a month,
Read the full article…

Global Stimulus is Stimulating the Market; Nasdaq Continues to Edge Closer to 5000

November 21st, 2014

Stocks continue to push higher into record territory as the Dow Jones and S&P 500 finish yet again at record highs. With these new record highs, the U.S. stock market was poised to achieve a fifth straight week of stock gains. Overall, global markets all performed well today after central bankers from China and Europe
Read the full article…

Dow Up 6.9% This Year; U.S. Jobless Claims Fall to Lowest Level Since 2000

November 20th, 2014

U.S. stocks climbed higher today with the Dow and S&P 500 hitting new closing highs. Investors were pleased with the positive economic data that was released today – stronger home sales, taming of inflation, and declining jobless claims. Apple (AAPL) stock hit yet another all time high today and is approaching an important level. Apple’s
Read the full article…

October’s Minutes Show Fed’s Debate; Staples Boosts Profits By Closing 170 Stores

November 19th, 2014

U.S. markets end the day slightly down. The minutes from October’s Federal Reserve meeting were released this afternoon and showed much debate occurring over the timeline of raising interest rates. Some policy makers thought they should eliminate the pledge to keep interest rates low “for a considerable time”, while others believed an announcement and move
Read the full article…

Southwest Soars 110% in 2014; S&P 500 Up 11% This Year

November 18th, 2014

The three main U.S. stock indices ended in the green today, with the Dow and S&P 500 closing at new record highs. With this new record close, the S&P 500 is now up 11% in 2014. The jump in the U.S. stock market today is partially due to a couple positive developments from around the
Read the full article…

Japan Slips Back into a Recession as the S&P 500 Jumps to a Record High

November 17th, 2014

The Dow rose only 13% today as the stocks end mixed on a relatively quiet Monday. However, the S&P 500 was able to push even further to set yet another closing high – this is the 7th record close for the S&P 500 in the last 9 sessions. News that the world’s second largest economy,
Read the full article…

Virgin America Up 30% During IPO Debut; Obamacare 2.0 Enrollment Begins Tomorrow

November 14th, 2014

Stocks end the day mixed with the Dow falling slightly and the S&P 500 pushing to finish with another record close. This was the S&P 500’s 41st record close of the year. Virgin America (VA) soared during its IPO debut on Nasdaq today. The young airline company that only recently began turning profit ended the
Read the full article…

Walmart Exceeds Wall Street’s Expectations; Oil Prices Fall Below $75 a Barrel

November 13th, 2014

Stocks end the day slightly up after experiencing a roller coaster of a day. The Dow also managed to squeak out another record close while the S&P 500 fell short. Stocks can thank Walmart (WMT) for ending slightly higher as the nation’s largest retailer released a better-than-expected expected earnings report. Crude oil prices continue to
Read the full article…

Six Banks Fined $4.3B in Foreign Exchange Probe; AT&T Halts Internet Expansion

November 12th, 2014

Stocks retreat from record closes as stocks closed mostly lower. The Dow Jones and S&P 500 also broke their 6-day winning streak today. Stocks ended lower after six major banks were fined $4.3 billion in a foreign exchange probe, these banks are JPMorgan Chase (JPM), Citigroup (C), HSBC (HBC), Royal Bank of Scotland (RBS), UBS
Read the full article…

Stocks Continue to End Higher After Narrowly Missing a Correction in October

November 11th, 2014

Stocks slightly rose today, bumping the Dow Jones and S&P 500 to yet another record close. The stock market showed improvement today while the bond market was closed in observance of Veteran’s Day. Strategists believe that the stocks will likely move “sideways to up” for the rest of the year. Overall the stock market seems
Read the full article…

FireEye Discovers Security Flaw in Apple’s Operating Software; Stocks Push Further into Record Territory

November 10th, 2014

The Dow Jones and the S&P 500 pushed further into record territory today, with the two stock indices closing at yet another record high. Stocks continue to push higher on signs that the U.S. economy continues to improve and as corporate earnings reports continue to reveal better-than-expected results. Apple’s (AAPL) stock fell today after FireEye
Read the full article…

Jobless Rate Falls to 5.8% as 214,000 Jobs Were Added in October

November 7th, 2014

The Dow Jones and S&P 500 yet again eke out record closes to end the day. The Dow and S&P 500 ended the day slightly up despite the announcement that the number of new jobs missed expectations. The unemployment rate fell from 5.9% to 5.8% in October, hitting its lowest level since July 2008. Only
Read the full article…

Jobless Claims Fall to a 14-Year Low; Twitter’s Disappointing First Year

November 6th, 2014

The Dow Jones and S&P 500 soared further into record territory today, both finishing at yet another record high. The boost came after news that the European Central Bank is looking to an economic stimulus. U.S. jobless claims fell last week to 279,000, the four-week moving average hit its lowest level since April 2000. This
Read the full article…

Dow Jones and S&P 500 Close at Record Highs

November 5th, 2014

The Dow Jones and S&P 500 finished in record territory toady after the Republican party took over control of the Senate for the first time in 8 years. Investors are responding positively to the change is the legislative branch as they are hoping for for a more business-friendly approach to taxes and regulations. Telsa’s (TSLA)
Read the full article…

Crude Oil Hits 3-Year Low; U.S. Trade Deficit Rose in to $43B in September

November 4th, 2014

Stocks end the day mixed as crude oil prices dip to a 3-year low. Crude oil prices fell as low as $75.84 a barrel today, down almost 30% from its June high of nearly $108 a barrel. U.S. oil giants such as Exxon-Mobil (XOM) and Chevron (CVX) were trading just slightly lower, down 0.74% and
Read the full article…

Will November’s Market-Friendly Reputation Continue in 2014?

November 3rd, 2014

Stocks retreat from record highs achieved on Friday as the stock market concludes its first day in November. November has a market-friendly reputation and historically is the Dow’s second-best performing month. Investors seem to be anxiously awaiting the midterm congressional vote to see if Republicans will take back the senate; a Republican-led congress with a
Read the full article…

Dow Jones and S&P 500 End October With Record Highs

October 31st, 2014

October is typically known for its market crashes, but this year the month ended with stocks at record highs. The Dow Jones and S&P 500 closed out the day at record highs, while Nasdaq climbed as high as 4641.51 in early trading, its highest level in over 14 years. Global stocks reacted positively to Japan’s
Read the full article…