Market Review: November 17, 2017

Scott GreenDaily Market Insights

Closing Recap Friday, November 17, 17    Equity Market Recap ·      Stocks closed out the week lower, with the S&P 500 and Dow Industrials sliding after yesterday’s gains, while the Nasdaq Composite managed to eke out a weekly gain, but dipped on the day. With earnings now mostly done for the quarter following a strong two-days of results out of retailers … Read More

Mid Day Outlook: November 17, 2017

Scott GreenDaily Market Insights

Mid-Morning Look Friday, November 17, 17    U.S. stocks open lower, putting weekly gains for the S&P 500 and Dow at risk, though the Nasdaq is still on track to post a weekly gain. The market focus this week has swirled around the developments surrounding the Republican tax cut plan in Washington (now on the Senate, after the House of … Read More

Morning Preview: November 17, 2017

Scott GreenDaily Market Insights

Early Look Friday, November 17, 17    Stock futures are mixed, with the S&P and Dow futures slightly lower, though the NASDAQ is pushing slightly higher following a busy night of earnings and as markets assess the latest development regarding an investigation into Russia’s meddling during the election. Overnight, it was reported that Special counsel Robert Mueller’s team in mid-October … Read More

Market Review: November 16, 2017

Scott GreenDaily Market Insights

Closing Recap Thursday, November 16, 17    Equity Market Recap ·      It was a very strong day on Wall Street, with large caps and small caps rallying, led by big gains in tech and consumer discretionary after Dow components WMT (all-time highs) and CSCO (best levels since dot.com bubble) each reported better-than-expected quarterly earnings and upbeat guidance. It was a full … Read More

Mid Day Outlook: November 16, 2017

Scott GreenDaily Market Insights

Mid-Morning Look Thursday, November 16, 17    U.S. stocks surging early, getting a big boost from Dow components WMT and CSCO  after each reported better-than-expected quarterly earnings and upbeat guidance, while technology shares spike on the CSCO and NTAP reports. Today marked the first time in seven days that the S&P 500 index opened higher, reversing recent weakness from major … Read More

Morning Preview: November 16, 2017

Scott GreenDaily Market Insights

Early Look Thursday, November 16, 17    U.S. stock futures are pointing to a rebound after major averages closed lower for a second session Wednesday with the Dow finishing at a near one-month low (down over -138 points) as crude oil prices extended losses on the heels of data that showed an unexpected rise in U.S. inventories. Worries over the … Read More

Market Review: November 15, 2017

Scott GreenDaily Market Insights

Closing Recap Wednesday, November 15, 17    Equity Market Recap ·      U.S. stock averages end the day posting daily declines, but as has been the “norm” finishes well off the session lows as investors take every (and) any opportunity to add to positions on the slightest market pullback. Major averages have now opened lower 6-straight days, near its worst levels of … Read More

Mid Day Outlook: November 15, 2017

Scott GreenDaily Market Insights

Mid-Morning Look Wednesday, November 15, 17    U.S. stocks under pressure with the Dow Industrials falling over -150 points at its worst level, while Small Caps underperform the most with the Russell 2000 falling over 1% as markets still await the clarity on the tax reform bill (small businesses seen the most to gain) which seem unlikely at this point … Read More

Morning Preview: November 15, 2017

Scott GreenDaily Market Insights

Early Look Wednesday, November 15, 17    Stock futures are markedly lower for a change, as investors attitude turns defensive. Bonds are advancing, and stocks are sliding amid a sharp decline in risky assets such as oil and as the prospect of having a tax reform plan officially ironed out by Thanksgiving Day becomes bleaker. Dow futures tumbled more than … Read More

Market Review: November 14, 2017

Scott GreenDaily Market Insights

Closing Recap Tuesday, November 14, 17   Equity Market Recap ·      Major U.S. averages end the day down, but again closing well off its earlier session lows (S&P 500 recouped most of an opening loss of 0.7%), with a fairly broad sell-off highlighted by energy and biotech related weakness. Energy declined as WTI dropped nearly 2% after softer China data and … Read More