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Last week the major indexes registered their worst weekly loses since March as interest rates jumped to multiyear highs. The Dow closed the week down 4.2%, the S&P 500 was off 4.1%, and the Nasdaq was down 3.7%. This marks the third consecutive weekly loss for the S&P 500, its longest streak...

Last week the U.S. stock market started strong but dropped Thursday and Friday to close slightly down (the Dow was –0.04%, the S&P 500 was –1.0%, and the Nasdaq was –3.2%). The labor market was filled with positive news. Initial claims for unemployment benefits were down 8,000 to 207,000, ...

Both the Dow and the S&P 500 got off to a shaky start last week, ending the week down 1.1% and 0.5% respectively. The NASDAQ climbed 0.7% after declining the previous week. September was a solid month for stocks. The Dow recorded its fourth straight positive month with a gain of nearly 2%. The S...

Last week U.S. stocks closed mixed with the Dow and S&P 500 at record highs, while the Nasdaq finished down 0.3%. The Dow added 588 points, or 2.3%, to close the week at 26,744; marking the first all-time high since January 26th. The S&P 500 gained 0.9% to close the week at a new high [&hell...

Last week the U.S. stocks closed broadly higher with the Dow up 0.9%, the S&P 500 gaining 1.1%, and the Nasdaq up 1.3% to close above 8,000. Concerns about a new round of tariffs weighed heavily on the stock market early in the week. However, news that the Treasury Secretary would lead new trade...

Last week stocks retreated from record highs as the Dow fell 0.2% and the S&P 500 pulled back 1%.  The Nasdaq retraced all of the prior week’s gains, falling 2.6% to close at 7,902. Continued tension between the United States and China weighed on stocks last week, culminating in President Tru...

Last week U.S. stocks finished broadly higher: with the Dow up 0.5%, the S&P 500 gaining 0.8%, and the Nasdaq finishing up 1.6%. In fact, the S&P 500 closed at an all-time high surpassing its previous high watermark set on January 26, 2018. Wednesday the bull market crossed a historic thresh...

Last week both the Dow and S&P 500 had a rocky start, but both had a mid-week surge to finish up 1.4% and 0.6% respectively. The S&P 500 actually closed the week just 0.8% below its high, set on January 26th. The Dow gained 396 on Thursday, which is its largest daily gain in more […]...

U.S. Stocks finished last week mixed, the Dow and S&P 500 fell slightly, 0.25% and 0.59% respectively, while the Nasdaq squeaked out a 0.35% gain. After a strong start to the week, all three fell later in the week, with the biggest declines coming on Friday. The Nasdaq did notch its eight consec...

Last week, U.S. markets closed mixed with the Dow up 1.5%, the S&P gaining 0.6% and the Nasdaq down 1.0%. All three indices started the week with a decline, but have reversed course and more-or-less made up the early week drop. By Friday (07/27/18), of the 53% of S&P 500 companies that had r...

Last week, U.S. stocks were roughly flat as the Dow rose 39 points to 25,058 (+0.15%). This week is starting strong with the Dow more-or-less flat yesterday (–14 points) but up 197 today at 25,242. These are an important few days for the U.S. stock market because most companies will report their s...

Stocks continue their strong July, with all indices finishing the second week in a row in the positive: the Dow gained 2.3% to close above 25,000, the S&P was up 1.5% closing above 2,800 for the first time since February, and the Nasdaq rose just shy of 1.8%. The Dow’s growth was powered by th...

The US stock markets rose last week … the Dow was +1.2%, the S&P +1.5% and the Nasdaq +2%. The S&P and Nasdaq continue to outperform the Dow, largely because the Dow is heavily weighted in industrial stocks, i.e., the kind of companies that have been hit by rising trade tensions. After...

The US stock markets closed broadly lower again last week, with the Dow and S&P falling more than 1% and the Nasdaq closing down more than 2%. While the declines were moderate, there was a touch of turbulence with the Dow posting two triple digit declines: falling 328 points on Monday and 165 on...

The US stock markets closed broadly lower last week as the Dow fell just over 2% and both the S&P 500 and NASDAQ pulling back less than 1%. Thursday marked the Dow’s eighth daily decline in a row – the longest streak since March 2017. The Dow did reverse course on Friday and close up [&helli...

The US market finished mixed last week, with the Dow down nearly 1%, the S&P 500 flat, and the NASDAQ up more than 1%. Trade tensions seem to be the cause of the uncertainty in the market, especially between the US and China as the Trump administration imposed 25% tariffs on $50 billion in Chine...

The market closed the week higher with the Dow up 2.41% and S&P increasing 1.22%, with both indexes closing in the positive for 2018. While the market was positive earlier this week, it’s relatively flat today as it reacts to President Trump’s G-7 meeting in Canada today. Specifically, he ha...

Both the Dow and S&P finished last week slightly higher, 0.2% and 0.3% respectively. These gains came despite rising geopolitical tensions in North Korea and Italy. The Dow climbed 298 points last Monday, to the highest level in two months in response to a potential suspension on tariffs. Howeve...

Both the Dow and S&P closed the day relatively flat and the week down slightly, with both off about 0.5%. It appears the primary concerns with the market this week were political. These concerns were led by new government proposals in Italy, the upcoming meeting between President Trump and Kim J...

As of today’s close, both the Dow and S&P are positive for 2018, with each finishing the week up over 2%. In fact, today was the seventh day in a row that the Dow closed up, its longest positive streak since February. Last Friday I wrote, “… in recent days nearly 80% of S&P 500 [&h...

Last week saw small gains for both the Dow and S&P, following an early week run-up and a later sell-off. This week started flat on Monday and the market fell sharply on Tuesday, with the Dow down 1.7% and the S&P off 1.3%. On a positive note, the volume for both the NYSE and Nasdaq […...

Even though the stock market closed up last week, with the Dow gaining 2.4% and the S&P 1.7% both indices were down for the quarter for the first in over two years. (Source: John Hancock) The volatility that started in early February has continued this week; on Monday the Dow closed down 459 at ...

President Trump signed an executive memorandum on Thursday implementing tariffs on $60 billion worth of Chinese goods. This sparked a renewal of the “tariff tantrum” as the Dow closed down 2.93% and the S&P down 2.52% on Thursday, amid fears of a potential trade war. For the week the Dow dro...

Last week, following President Trump’s proposed 25% tariff on steel and 10% on aluminum, the stock market had what is being called a “tariff tantrum” and regardless of whether tariffs will or will not have significant economic impact, the fact is that the stock market doesn’t like uncertaint...

Last week both the Dow and the S&P came roaring back with gains of 4.25% and 4.3%, respectively, resulting in the Dow’s largest weekly increase since November 2016 and the S&P’s largest since 2013. This holiday shortened week began with two negative days. Both days the market moved highe...

As I am sure you are aware, the markets have exhibited significant volatility this week. The market closed down last Friday followed by the Dow closing down a record 1,175 points on Monday, with an intraday decline of over 1,600 points. This steep decline was more than likely emotional, as weaker in...

This week the stock market finally gave us what many market watchers felt was overdue – a pullback. As of the close today (02/02/2018), the Dow is down 989 points, the S&P 500 is down 79 points and the Nasdaq is down 178 points for the week. As is always the case there are reasons […]...

Just thirteen business days into the New Year, the S&P 500 is up almost 5% while the Dow and the Nasdaq are up slightly over 5%. The Dow broke 25,000 on January 4, and just seven business days later (Wednesday of this week), it rose 323 points, the largest one-day gain in fourteen months, to [&h...

Is the stock market too rich … overpriced? Given the recent tax cut legislation and the current interest rate environment – not to mention world growth and inflation’s near absence – maybe not.  Some market watchers even say the stock market now is as inexpensive as it was a year ago. H...

As we predicted, President Trump signed the Tax Cuts and Jobs Act (TCJA) this morning, to finalize the first significant reform of the US Tax Code since 1986. The following are some highlights of the plan: There are still seven tax brackets, but the rates have changed Senate Income Tax Rate Income L...

Last week both the S&P 500 and the Dow recorded weekly gains, with the Dow rising nearly 3.0%, topping the 24,000-point threshold for the first time. However, it was a rough week for information technology stocks, and the NASDAQ Composite was slightly negative. All three indexes are relatively f...

Last Week: Stock Markets: The Dow closed down for the second week in a row, off .27%, the NASDAQ was up .47% and the S&P 500 closed the week flat. Volatility Perks Up: Despite the market being flat overall last week, there were three big daily moves, as the Dow fell 138 points Wednesday, gained ...

All major US market indexes finished up last week: the Dow +0.45%, the Nasdaq +0.94%, and the S&P 500 +0.26%. This marks the eighth consecutive week of gains, going back to mid-September. The S&P 500 set record closing highs on 11 of October’s 22 trading days, for a total increase of 2.2%....

The major US market indexes finished mixed last week, the Dow closed up 0.37%, the S&P 500 gained 0.08%, and the Nasdaq fell 0.33%. The Fed On Wednesday of last week, the Fed announced it would leave its benchmark interest rates unchanged, but suggested that a rate hike is likely by the end of t...

All major indices fell last week with the S&P 500 off 0.61%, the Dow down 0.86%, and the NASDAQ losing 1.17%. Several items likely led to the market pullback last week, including: • The nearly 400 mile wide Hurricane Irma made landfall in Florida causing flooding and extensive wind damage. The...

I am happy to report that our office, our employees and their homes are all safe and survived the flood with minimal damage. Our thoughts and prayers go out to all those affected by Hurricane Harvey and the deluge it produced. It is being predicted that Harvey will be the most expensive natural disa...

Last week the Dow fell 76 points, closing at 21,674 on Friday. This was the second week of declines for the Dow and the worst two-week percentage drop (1.9%) in nearly a year. Recent developments that likely contributed to this market weakness are: • Rising global tensions including threats betwee...

The stock market: Last month North Korea successfully tested an intercontinental ballistic missile that appeared capable of hitting Alaska and Hawaii and a few weeks later it tested a missile that may be capable of hitting California. Last Tuesday (08/08/17), President Trump told reporters, “North...

LAST WEEK: 1. The major indexes finished the week mixed; +1.2% for the Dow; +0.19% for the S&P 500 and -0.36% for the Nasdaq. 2. The US created an impressive 209,000 new jobs in July. It should be noted, however, that a large portion of these positions were part-time. 3. The number of employed A...

All three major indexes were up last week, with the tech-heavy Nasdaq leading the way with a 2.59% increase. The S&P closed at 2,459 for a weekly increase of 1.41% and the Dow added over 223 points to close at 21,637, a 1.04% gain. Initial unemployment numbers fell to 247,000 for the week, to re...

All three major indexes finished the holiday-shortened week in the green. The Dow gained 0.30%, the Nasdaq finished up 0.20%, and the S&P added 0.07%. In US Economic news, the number of Americans who applied for new unemployment benefits after losing their job rose slightly the last week of June...

All three major indexes were up last week, with the tech-heavy Nasdaq leading the way with a 1.84% increase to reverse the prior week’s loss. The S&P closed at 2,438 for a weekly increase of 0.21% and the Dow managed its fifth consecutive week of gains closing at 21,394, a modest 0.05% bump. I...

The major US market indexes ended the week mixed. The Dow Jones Industrial Average gained half a percent last week to close at 21,384. The S&P 500 index was essentially flat, adding 0.06% to close at 2,433.15. The Nasdaq fell for the second week in a row, losing 0.9% ending the week at 6,151. In...