Mid Day Outlook: January 22, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Monday, January 22, 18    Equities mostly higher as the S&P 500 index and Nasdaq Composite extend Friday’s gains to trade at fresh all-time levels ahead of a busy week of earnings (and central bank news), as markets shake off the overnight decline as the U.S. government shutdown stretches to 3rd day ( vote is expected in about … Read More

Morning Preview: January 22, 2018

Scott GreenDaily Market Insights

Early Look Monday, January 22, 18    U.S. stock futures point to a lower open as the U.S. government shutdown stretched into a third day after a House-passed bill failed to garner enough votes to clear the Senate. The two sides fought over a battle regarding immigration and spending. Funding expired as most Senate Democrats voted against the House bill … Read More

Market Review: January 19, 2018

Scott GreenDaily Market Insights

Closing Recap Friday, January 19, 18    Equity Market Recap ·      U.S. stocks end the day (and week) higher, rallying for a third straight week despite several negative stories/events today that could have shaken confidence. The S&P 500 index and Nasdaq Comp each touched intraday highs, though the Dow Industrials lagged amid a few earnings reports. For the week, the Dow … Read More

Mid Day Outlook: January 19, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Friday, January 19, 18    Equities are higher, on track for its 3rd-consecutive weekly gains. A confluence of factors could be dragging markets lower, including: 1) weakness in Dow components AXP and IBM after earnings (both beat top/bottom line, but AXP suspends dividend on tax charge and guides year lower while IBM margins miss views), 2) fears of … Read More

Morning Preview: January 19, 2018

Scott GreenDaily Market Insights

Early Look Friday, January 19, 18    Stock futures are moving higher, helped after the US House of Representatives on Thursday passed a stop-gap bill to fund federal agencies beyond Friday night but the measure to avoid a looming government shutdown still faces opposition in the Senate. The Senate adjourned without a final vote late on Thursday and will reconvene … Read More

Market Review: January 18, 2018

Scott GreenDaily Market Insights

Closing Recap Thursday, January 18, 18    Equity Market Recap ·      U.S. stocks end lower amid a late day pullback, as the Dow Industrials drops around -100 points, the Nasdaq Comp erased gains late and the S&P 500 dropped below the 2,800 level. Fears of a potential government shutdown (Politico reported that McConnell said to plan for shutdown) sent markets lower … Read More

Mid Day Outlook: January 18, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Thursday, January 18, 18    Stocks slipping early, reversing early gains as markets take a breather after hitting all-time record levels (again) yesterday for the Dow, S&P 500, and Nasdaq Comp. Despite the 5.4% YTD gain for the Dow, 4.6% for the S&P and 5.6% for the Nasdaq, stocks are only down slightly this morning after a round … Read More

Morning Preview: January 18, 2018

Scott GreenDaily Market Insights

Early Look Thursday, January 18, 18    Stock futures are little changed, with major averages looking to hold their record all-time levels that were reached Wednesday, while bonds extend yesterday’s slide, with the yield on the benchmark 10-year hitting 2.60% for the first time since March. Optimism over the economy and earnings have helped fuel gains in the new year, … Read More

Market Review: January 17, 2018

Scott GreenDaily Market Insights

Closing Recap Wednesday, January 17, 18    Equity Market Recap ·      The unstoppable force of the stock market continues, with major averages once again closing at record all-time highs, erasing yesterday market decline in another broad move higher. The Dow Jones Industrial Average posted its best single-session rise in about seven weeks, once again led by gains in component Boeing (BA) … Read More

Mid Day Outlook: January 17, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Wednesday, January 17, 18   After slipping yesterday, U.S. stocks are rebounding today, with another 100 point gain for the Dow Industrials and another rally in tech, though financials slump after mixed quarterly results from BAC, GS, and USB. Stocks are looking to recover after the S&P 500 suffered its worst reversal in two years Tuesday, while volatility … Read More