Daily Market Commentary

A top German official today expressed strong pessimism about the ability of EU leaders to come to a consensus on how to move forward, and felt that it was not widely appreciated just how dire the situation was. Markets responded by dropping, but an…

There may be two more EU bailout funds in the works, which markets responded to positively at first but then came back down to only slightly up for the day, with the Nasdaq slightly down. In the US, Treasury Secretary Timothy Geithner reacted posit…

Stocks were up today on several news items coming out of Europe. In particular, France and Germany have proposed modifying the European Union treaties in order to create a unified fiscal policy under the currency and economic union. The news isn’t …

The latest jobs report for November showed that the unemployment rate was 8.6 percent, down from 9 percent in October, and down a full percentage point year over year. Major indices at first reacted with a spike in gains, but gains were lost in the…

For the second time this week, the stock market posted huge gains today, with the major indices all soaring over 4%. Previously this week, the indices rose about 3% on Monday, and then saw relatively minor movement in any direction on Tuesday. Th…

After a strong start early in the day, major indices came down and ended only slightly up or slightly down today. News of the biggest increase in consumer confidence in eight years had sent stocks shooting up, but this was offset by a soft batch of…

The major indices all jumped today, after a successful Thanksgiving/Black Friday holiday weekend, rising between 2.5-3.5%. The Dow Jones grew almost 300 points, while the Nasdaq climbed a solid 3.5%. The early reports of Black Friday sales data i…

Major indices were down about half a percentage point each today as third quarter GDP data was revised downward and Germany rejected the latest Eurobond program. After the minutes of the latest Federal Open Market Operations meeting, it seems clear…

The major indices all fell around 2% today, focusing on the increasingly prevalent fear of an upcoming global recession. Furthermore, it is expected that after months of discussion, the Congressional committee attempting to help fix the deficit si…

After a long losing streak, markets were more mixed today, as EU officials provided conflicted messages about the possibility of a European Central Bank bailout of troubled countries. In US economic news, California unemployment fell from 11.9 to 1…