Market Review: October 16, 2018

Terrie AmengualDaily Market Insights

Closing Recap Tuesday, October 16, 2018 Equity Market Recap · U.S. stocks surge on Tuesday, with all 11-S&P related sectors moving higher as the recent underperforming Nasdaq Composite outperformed, led by semi’s and software as well as a more than 4% jump in the biotech sector. The NASDAQ rose as much as 225 points (up 3%), topping the 7,650 level … Read More

Mid-Morning Look: October 16, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Tuesday, October 16, 2018 U.S. equities in rally mode early, helped by a bounce in Europe as well (Italian markets on track for best day in about 5-weeks as EU budget clash continues), as market attention may turn to fundamentals after strong earnings results this morning from bank/brokers (MS, GS) and healthcare giants (JNJ, UNH). Major averages trying … Read More

Morning Preview: October 16, 2018

Scott GreenDaily Market Insights

Early Look Tuesday, October 16, 2018 U.S. futures are tracking higher, looking to rebound after yesterday’s rally petered out in the final hour of trading, as major averages ended near their lows and back below key technical levels. A fresh batch of corporate earnings and further developments in global tensions, surrounding Brexit, Saudi Arabia and Italy’s budget, remain a focus. … Read More

Market Review: October 15, 2018

Terrie AmengualDaily Market Insights

Closing Recap Monday, October 15, 2018 Equity Market Recap · U.S. stocks were mixed as a late day rally stalled out, leaving major averages on the defensive in the final hour of trading. Stock gains were paced early by defensive and dividend paying stocks, while technology shares lagged as investors prepare for a busy week of earnings, with many large … Read More

Mid-Morning Look: October 15, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Monday, October 15, 2018 U.S. equities open the day mixed, with major averages sliding after Friday’s modest rebound in comparison to its week look decline, following many distractions globally ahead of the start of earnings season this week. Tech underperforms as the Nasdaq Comp trades down to the 7,400 level, falling more than 90 points or 1.2% (last … Read More

Morning Preview: October 15, 2018

Scott GreenDaily Market Insights

Early Look Monday, October 15, 2018 U.S. stock futures are lower, following weakness in Asia overnight though Europe has rebounded with several factors weighing on sentiment ahead of a busy week of corporate earnings, with Trump, Brexit, Saudi Arabia and EU/Italy budget concerns all among concerns leading stocks lower and defensive assets such as gold higher. President Donald Trump, in … Read More

Market Review: October 12, 2018

Terrie AmengualDaily Market Insights

Closing Recap Friday, October 12, 2018 Equity Market Recap · U.S. equities pushed higher late Friday in another volatile session, with major averages pulling back off earlier highs before recovering in an attempt to get back above key technical levels. All four major indexes closed below their 200-day moving averages yesterday, with the NASDAQ and Dow Industrials, and S&P 500 … Read More

Mid-Morning Look: October 12, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Friday, October 12, 2018 U.S. equities open quite strong, looking to put the 2-day carnage in US markets (Dow fell -1,375 over that span) behind them, helped by news overnight that the U.S. Treasury Department’s staff has advised Secretary Steven Mnuchin that China isn’t manipulating the yuan. The conclusion would avert an escalation of the U.S.-China trade war … Read More

Morning Preview: October 12, 2018

Terrie AmengualDaily Market Insights

Early Look Friday, October 12, 2018 U.S. stocks futures are bouncing following back-to-back declines for major U.S. averages, while Europe and Asian markets are also moving higher on the final day of trading for the week. Overnight, markets in Asia were boosted by robust China export figures with the MSCI Asia Pacific Index climbing 1.2%. S&P futures bounced after the … Read More

Market Review: October 11, 2018

Terrie AmengualDaily Market Insights

Closing Recap Thursday, October 11, 2018 Equity Market Recap · Big time swings in equity markets late day as averages end lower (but well off their worst levels)! U.S. stocks tried an early attempt at paring some of yesterday’s steep losses…but it didn’t go well…as major averages collapsed late day, breaking through key technical support levels for a second straight … Read More