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Markets / Commentaries

Stock Market Today: September 20, 2017

Harvey S. Katz, CFA | 09/20/2017

Another day, another series of records for Wall Street, as the long bull market rushes ahead to yet additional all-time highs on the strength of a durable business expansion, low interest rates abetted by an accommodative Federal Reserve, and generally solid profit matchups. Specifically, the stock market, up in dealings to start the week, moved ahead in modest fashion at the outset of trading yesterday. In all, within minutes after the opening bell sounded, the Dow Jones Industrial Average was up another 40 points and the NASDAQ was better by almost 15 points.

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Markets / Commentaries
Stock Market Today: September 19, 2017

Harvey S. Katz, CFA and Adam Rosner | 09/19/2017

The stock market pressed ahead today, extending the gains logged over the past several sessions. At the close of trading in New York, the Dow Jones Industrial Average was ahead 39 points; the broader S&P 500 Index was up three points; and the NASDAQ was higher by nearly seven points.

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Markets / Commentaries
Stock Market Today: September 18, 2017

William G. Ferguson, Adam Rosner, and Robert Harrington | 09/18/2017

Stocks began Monday on a bullish note, with each of the major U.S. indexes setting intraday trading highs amidst a buoyant tone that persisted well into the second part of the day. News of a high-profile merger in the defense industry between missile and satellite manufacturer Orbital ATK (OA) and top-five U.S. defense contractor Northrop Grumman (NOC) stoked the initial rally.

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Markets / Commentaries
Stock Market Today: September 15, 2017

Harvey S. Katz, CFA, Mario Ferro, and Robert Harrington | 09/15/2017

On a Friday that saw neither the bulls nor bears establish dominance, the major U.S. indexes each rose in value. The Dow Jones Industrial Average spent the entire session in positive territory, as strength from Boeing (BA), Verizon (VZ), and its technology components. The tech-laden NASDAQ was accordingly strong, as well, helping to offset yesterday’s downturn, while the S&P 500 turned in a more modest gain for the day.

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Markets / Commentaries
Stock Market Today: September 14, 2017

Harvey S. Katz, CFA, William G. Ferguson, and Adam Rosner | 09/14/2017

The U.S. stock market got off to a mildly lower start this morning, and ultimately delivered a mixed session. At the close of trading in New York, the Dow Jones Industrial Average was ahead 45 points, while the broader S&P 500 Index was down three points, and the NASDAQ was lower by 31 points. Market breadth was divided, with winners nominally ahead of losers on the NYSE.

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Markets / Commentaries
Stock Market Today: September 13, 2017

Harvey S. Katz, CFA, Adam Rosner, and Robert Harrington | 09/13/2017

Stocks opened lower on Wednesday, as traders looked to cap gains following a solid two-day start to the weekly session. The Dow Jones Industrial Average fared relatively better than its counterparts, the S&P 500 and NASDAQ 100, which pared their losses in the afternoon and managed to each finish a shade above their respective breakeven lines.

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Markets / Commentaries
Stock Market Today: September 12, 2017

Harvey S. Katz, CFA, Adam Rosner, and Robert Harrington | 09/12/2017

Most U.S. equities enjoyed another run up on Tuesday, which, following a mid-morning challenge by the bears, persisted into the final hour. Positivity stemmed from Treasury Secretary Steven Mnuchin's “hopeful” comments that tax reform would be implemented by the end of the year. Also contributing to the overall bullish undertone to the day were the moderated outlooks for both Hurricane Irma’s damage and tension between the United States and North Korea.

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Markets / Commentaries
Stock Market Today: September 11, 2017

William G. Ferguson and Adam Rosner | 09/11/2017

Stocks opened higher today, and managed to maintain these gains through much of the afternoon. At the close of trading, the Dow Jones Industrial Average was ahead 260 points; the broader S&P 500 Index was up 27 points; and the NASDAQ was higher by 72 points. Market breadth showed broad-based support for equities, with advancers easily outpacing decliners on the New York Stock Exchange. All of the major market sectors made progress, with sizable gains in the technology and financial issues. While still nicely higher for the day, some of the consumer names lagged the broader market.

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Markets / Commentaries
Stock Market Today: September 8, 2017

Harvey S. Katz, CFA, Adam Rosner, and Robert Harrington | 09/08/2017

U.S. equities moved again in a mixed fashion on Friday, as the bulls were ultimately unable to negate Tuesday’s steep selloff. Market breadth favored neither advancing nor declining stocks, as strength in the healthcare, financials, and utility sectors was cancelled out by a bearish undertone in the basic materials, energy, and technology groupings. The indexes exhibited a similar schism, with a modest uptick from the Dow offset by softness in the S&P 500 and a sharp selloff from the NASDAQ.

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