Market Review: April 23, 2018

Scott GreenDaily Market Insights

Closing Recap Monday, April 23, 18 Equity Market Recap · U.S. stocks dropped, with the Nasdaq declining for a third straight day, led by a slide in technology companies, while the Dow Industrials fell for a 4th straight session, the longest losing streak since the four-day stretch ending May 2nd. The dollar rallied to its highest level in more than … Read More

Mid Day Outlook: April 23, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Monday, April 23, 18 U.S. equities are mixed, with commodities and materials moving lower given the recent strength in the dollar, while interest rate sensitive sectors are active given the extended surge in Treasury yields, as investors with growing expectations of more aggressive rate hikes this year from the Fed. The yield on the 10-year touched a 4-year … Read More

Morning Preview: April 23, 2018

Scott GreenDaily Market Insights

Early Look Monday, April 23, 18 U.S. stocks futures are pointing to a mixed open, falling initially as Treasury yields extend last week gains, with the 10-year yield touching its highest level in over 4 years, rising about 2.98% and the shorter term 2-year rising above 2.97%. Stocks slipping ahead of some key earnings results later today (HAL this morning … Read More

Market Review: April 20, 2018

Scott GreenDaily Market Insights

Closing Recap Friday, April 20, 18 Equity Market Recap · U.S. stocks ended the day lower, falling near its worst levels of the session in the final hour, led by a broad decline in technology (semiconductors), consumer staples and interest rate sensitive sectors. Rising Treasury yields weighed on stock-market sentiment as the yield on the 10-year Treasury note rose above … Read More

Mid Day Outlook: April 20, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Friday, April 20, 18 U.S. equities are edging lower amid another busy day of corporate earnings. Energy stocks drop as crude slipped after President Donald Trump criticized OPEC on Twitter, saying oil prices are “artificially Very High.” Consumer Staples extend declines (top declining sector yesterday), with 52-week lows for several names PEP, MAT, CPB, KHC, CLX, PG, LB, … Read More

Morning Preview: April 20, 2018

Scott GreenDaily Market Insights

Early Look Friday, April 20, 18 U.S. stock futures are little changed ahead of a busy day of large cap earnings (GE, HON, BHGE, SLB, KSU) and commentary from an OPEC meeting, as stocks remain on pace for a weekly win. For the week, as of Thursday, the Nasdaq is ahead with a gain of around 2%, while the Dow … Read More

Market Review: April 19, 2018

Scott GreenDaily Market Insights

Closing Recap Thursday, April 19, 18 Equity Market Recap · U.S. stocks declined on Thursday, snapping the recent streak of gains for major averages amid weakness in various sectors, specifically semiconductor stocks leading tech lower, and tobacco stocks leading consumer staples lower after weaker earnings/guidance reports. At the same time, Treasury yields jump for a second day as the 10-year … Read More

Mid Day Outlook: April 19, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Thursday, April 19, 18 U.S. stocks start the day off slowly, led lower by shares of Consumer Staples, while Financials and Energy among the best performers. U.S. equities fell for the first time this week amid a couple of pockets of weakness dragging markets lower: 1) Semiconductors decline led by TSM after the company missed numbers and lowered … Read More

Morning Preview: April 19, 2018

Scott GreenDaily Market Insights

Early Look Thursday, April 19, 18 U.S. stock futures are struggling for direction, currently down slightly after ending mixed yesterday. The three gauges are showing YTD gains ranging from 0.1% to 5.7%, having recovered this month from their slump in March. Stocks ended Wednesday’s session mixed, with energy shares surging as oil prices topped its best levels in more than … Read More

Market Review: April 18, 2018

Scott GreenDaily Market Insights

Closing Recap Wednesday, April 18, 18 Equity Market Recap · U.S. stocks finished the day where it started, little changed and moving in a very narrow trading range as markets took a rest following a strong 2-day rally that took major averages (S&P 500, Dow Industrials, and the Nasdaq Composite) above key technical trading levels (all top their respective 50-day … Read More