U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of…
Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. While we’re not going to get into the individual reports…
U.S. stocks closed with gains on Thursday and look to finish the week higher after several weeks of downward to sideways action on Wall Street. The Dow Jones Industrial Average rose 1.2%, or 293.60 points, to 24,483.05. The S&P 500 ended up 21.80 points, or 0.8%, to 2,663.99. The Nasdaq Composite Index was up 71.22 points,…
Yesterday’s inflation data was not received well by equity investors with the core CPI data coming in a little hotter than expected. Having said that, the 10-year yield didn’t respond with a sharp move in either direction, finishing the day at under 2.8% again. The consumer price index fell slightly in March to mark the…
Equity markets rallied yesterday with U.S. equities finishing sharply higher. Stocks rallied after China presented a less-aggressive stance in trade tensions with the United States. The Dow Jones Industrial Average jumped 428.90 points, or 1.8%, to 24,408.00. The S&P 500 finished 43.71 points, or 1.7%, higher to 2,656.87. The Nasdaq Composite Index climbed 143.96 points to 7,094.30, a…
U.S. equity markets are seemingly on a never-ending roller coaster ride. Yesterday’s major indices expressed this sentiment yet again. At the peak of the trading session, the Dow Jones Industrial Average spiked 1.8% while the S&P 500 index had been up 1.9%. The Nasdaq Composite Index jumped 2.3% at its session high. All 3 major indices ended well…
As an investor, when contemplating the words in the geopolitical and macro realm, deciphering words and verbiage can be critical to a portfolio’s performance. The geopolitical environment investors are forced to consider this year likely outweighs that which one had to consider in the more recent past or during previous U.S. administrations. The last couple…
Oh boy, here we go again with the markets reacting to yet another proclamation and/or request for increasing the dollar value of tariffs on China. The news came after a strong U.S. equity market performance Thursday, after the market closed. President Donald Trump said he has instructed the United States Trade Representative to consider $100…
Today’s U.S. equity futures, thus far, look far more promising than did yesterday’s futures. At their trough, Dow Futures were down over 600 points whereas in the 5:00 a.m. EST hour they are up nearly 50 points. But just like yesterday, the futures may not foreshadow what happens when Wall Street opens for trading. The…
If you recall the Dow rallying 389 points yesterday, well that rally is at great risk presently with newly announced tariffs from both the U.S. and its counterpart, China. Yesterday, the U.S. Administration announced $50 billion of goods that it plans to hit with 25% tariffs unless Beijing makes major trade and investment concessions soon.…
