Market Review: February 5, 2018

Scott GreenDaily Market Insights

Closing Recap Monday, February 5, 18    Equity Market Recap ·      It was an absolute stock market melt-down late day, with all major U.S. averages plummeting, (erasing the hefty gains for the S&P 500 and Dow Industrial averages) as the Dow Industrials at one point fell over 1,600 points to session low of 23,923, the Nasdaq dropped over 250 points to … Read More

Mid Day Outlook: February 5, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Monday, February 5, 18    U.S. equities open the day on the lows, extending last Friday’s 2% decline for most major averages, but the downdraft in stocks have since been erased amid gains in large cap tech stocks such as AAPL, AMZN and semiconductor stocks. Since the open, the Dow Industrials have bounced 300 points, the S&P 500 … Read More

Morning Preview: February 5, 2018

Scott GreenDaily Market Insights

Early Look Monday, February 5, 18    Stock futures are slumping early, adding to last Friday’s sharp market pullback, as rising borrowing costs (amid piking inflation fears), increase Fed rate hike expectations (on stronger economic data), and general market momentum lower (out of riskier stocks), have fueled the first real stock market pullback of 2018. Despite last week’s losses, the … Read More

Market Review: February 2, 2018

Scott GreenDaily Market Insights

Closing Recap Friday, February 2, 18    Equity Market Recap ·      Broad based selling in stocks send major averages plunging and posting their first losing week in over a month. With today’s move, the S&P 500 has now posted a 3% decline from its record high now, the first such percentage pullback since July 2016. The Dow Jones Industrial Average fell … Read More

Mid Day Outlook: February 2, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Friday, February 2, 18    U.S. equities are down sharply, leading the S&P 500 to its first weekly drop in 2018, after a strong jobs report increased the likelihood of an interest rate hike next month. Energy stocks led losses after Dow component Exxon’s profit and output missed estimates. Concerns of increased borrowing costs have also hurt sentiment … Read More

Morning Preview: February 2, 2018

Scott GreenDaily Market Insights

Early Look Friday, February 2, 18    Stock futures are under pressure to start the day/end the week, with major averages on track for their first losing week in five ahead of the monthly jobs report later this morning. Estimates are for 180K jobs to be added for nonfarm and private payrolls and the unemployment rate to hold steady at … Read More

Market Review: February 1, 2018

Scott GreenDaily Market Insights

Closing Recap Thursday, February 1, 18    Equity Market Recap ·      Markets end mixed in a choppy trading session, opening lower on mixed earnings and better data, rallying midday as investors buy the recent dip and after more bullish comments from President trump, but slipped late as bond yield extended their recent climb, as the 10-yr topped 2.77% and the 30-yr … Read More

Mid Day Outlook: February 1, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Thursday, February 1, 18    Equities are mixed, trading in a narrower range then what we have been accustomed too, as investors appear overwhelmed by the amount of large cap earnings announcements today (and big ones still to come) with market monsters FB, MSFT, QCOM, MA, EBAY, BABA, PYPL among the names moving this morning on results, with … Read More

Morning Preview: February 1, 2018

Scott GreenDaily Market Insights

Early Look Thursday, February 1, 18    Stock futures are mixed after major averages closed the month out higher, booking solid gains, but losing altitude the final few days of January after the Federal Reserve hinted that it is set to raise interest rates as early as its next meeting in March. With the State of the Union behind us … Read More

Market Review: January 31, 2018

Scott GreenDaily Market Insights

Closing Recap Wednesday, January 31, 18    Equity Market Recap ·      U.S. stocks may have opened near the highs, but ended off those levels, erasing strong overnight gains as yields jumped, earnings were mixed and healthcare stocks were under assault for a second straight session. The yield on the benchmark 10-year U.S. note rose as high as 2.75% before reversing, renewing … Read More