Market Review: Stock Close Lower, DOW Posts 2-Day Drop

eOptionDaily Market Report

Equity Market Recap Stocks failed to hold early gains as major averages finished mostly lower (though the NASDAQ outperformed), given a sharp pullback in oil prices following bearish inventory data (which weighed heavily on energy stocks). Financials also failed to hold early gains despite a better-than-expected report out of MS today (ahead of banks BBT, BK, KEY reporting tomorrow). The … Read More

Morning Preview: April 19th, 2017

eOptionDaily Market Report

Stock futures are rising slightly to start the morning, following a rebound in Europe, as markets are led higher on positive sales data in Europe and commodity producers rebounding with metals prices, and ahead of the release of the Federal Reserve’s Beige Book. Dow futures are indicated higher early despite shares of Dow component IBM falling around 4% overnight after … Read More

Market Review: Stocks End Lower, Story Of The Day Were Bonds

eOptionDaily Market Report

Equity Market Recap Stocks ended the day lower, giving back most of yesterday’s gains, but the stories of the day were bonds and the UK. Bond prices jumped, with yields falling to 5-month lows, as the 10-yr dropped over 8 bps to around 2.165%. The dollar also fell sharply, mostly against the British Pound (rose to 6-month highs) amid developments … Read More

Mid-Day Outlook: April 18th, 2017

eOptionDaily Market Report

Equities fall (after a brief rebound off lows) as investors get a heavy dose of earnings from Dow components GS (lower on miss), JNJ (lower on mixed results) which weigh on markets (Dow name UNH rises on beat). The Nasdaq Composite turned positive, rising more than 25 points off the lows, despite shares of NFLX falling on quarterly results, but … Read More

Morning Preview: April 18th, 2017

eOptionDaily Market Report

Stock futures are sliding early after major averages snapped their three-day losing streaks yesterday, in what was a generally strong day for stocks on Monday. However, with earnings out today (and next month) attention turns to fundamentals, though concerns over this weekend’s French election and the U.S.-North Korea tensions may keep a lid on U.S. stock futures. Bonds remain strong … Read More

Market Review: Stocks Ended Higher, Snapping 3-Day Losing Streak For Major Averages

eOptionDaily Market Report

Equity Market Recap Stocks ended higher today, snapping a 3-day losing streak for major averages, rebounding from last week’s declines. Geopolitical fears (Russia/Syria, France elections, North Korea) weighed on market sentiment last week, but attention now turns to earnings as investors prepare for the upcoming onslaught of quarterly earnings, led by NFLX tonight in the Internet sector, then a handful … Read More

Mid-Day Outlook: April 17th, 2017

eOptionDaily Market Report

U.S. stocks open the week higher, rising after declines last week, but moving on light volume as European markets were closed for holiday. The S&P 500 closed at a two-month low last week, with cyclicals drastically underperforming defensives once again. The Nasdaq Comp also comes into the day with its first 3-day losing streak of 2017, but is higher today. … Read More

Morning Preview: April 17th, 2017

eOptionDaily Market Report

Stock futures are slightly lower to start the week, as investors return from the long three-day holiday weekend to face geopolitical tensions and economic data that plagued markets last week and the start of earnings season. Fresh tensions surrounding North Korea could weigh on investor sentiment this morning after the nation put on a massive military parade over the weekend, … Read More

Market Review: DOW Closes At Session Lows Ahead Of Long Weekend

eOptionDaily Market Report

Equity Market Recap Stocks ended the day (and week) lower, falling for a 3rd straight day in another lackluster trading session ahead of the three-day holiday weekend, as investors prepare for the earnings onslaught over the next month. Markets got a little taste of earnings today, with large cap banks Citi, WFC, JPM and PNC all reporting quarterly results better … Read More

Mid-Day Outlook: April 13th, 2017

eOptionDaily Market Report

Equities are mixed early as safe-haven demand appears to be waning in the early going after gold, bonds and the yen surged to multi-month highs the last few days given the geopolitical developments from France (elections) to Russia and North Korea. Late day comments from President Trump on the future of Fed Chair Janet Yellen and his stance that the … Read More