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Daily Market Updates

September 1, 2020

Stocks closed higher to begin the new month. In economic news, construction spending rose 1% in July vs. an expected drop of 0.7%. Dow Jones finished  +216 at 28,645 S&P 500 finished +26 at 3,526 NASDAQ finished +164 at 11,939   The 10 Year Treasury closed down 1 basis point yielding 0.67% Oil prices closed […]

August 31, 2020

Stocks finished the day mixed, with the NASDAQ being the only major index to finish in positive territory. In economic news, core inflation rose 0.3% in July, less than expected.   Dow Jones -224 at 28,430 S&P 500 -8 at 3,500 NASDAQ +70 at 11,775   The 10 Year Treasury closed down 4 basis points […]

August 28, 2020

Stocks moved higher today, with every major index up about 1%. In economic news, U.S. consumer spending rose 1.9% in July, more than the expected 1.6%.   Dow Jones +161 S&P 500 +23 NASDAQ + 70   The 10 Year Treasury closed down 2 basis points yielding 0.73% Oil prices closed down $0.05 ending at […]

August 27, 2020

Wall Street was mixed today as investors took heart from Federal Reserve Chair Jerome Powell’s pledge to try and nudge inflation higher while maintaining accommodative monetary policy. Dow Jones finished +160 at 28,492 S&P 500 finished  +5 at 3.484 NASDAQ finished -39 at 11,625   The 10 Year Treasury closed up 5 basis points yielding […]

August 26, 2020

Stocks opened slightly higher this morning with every major index gaining momentum throughout the day. In economic news, U.S. durable goods orders more than doubled expectations, increasing 11.2% in July.   Dow Jones +83 at 28,332 S&P 500 +35 at 3,479 NASDAQ +199 at 11,665   The 10 Year Treasury closed up 1 basis point […]

August 25, 2020

Stocks closed mixed today with the S&P 500 and Nasdaq making yet another record high and the Dow closing negative. A closely watched index tracking US consumer confidence unexpectedly weakened in August to a fresh pandemic-era low, cooling hopes for an extended rebound in consumer spending trends. Dow Jones finished -60 at 28,248 S&P 500 […]

August 24, 2020

Stocks moved higher to begin the week, with every major index finishing up about 1%. In economic news, existing home sales was higher than expected, reporting 5.86 million in July.   Dow Jones +378 at 28,308 S&P 500 +34 at 3,431 NASDAQ +68 at 11,380   The 10 Year Treasury closed up 1 basis point […]

August 21, 2020

Stocks moved higher today, with every major index finishing up about a half of percent. In economic news, existing home sales rose a record 24.7% in July as prices set new highs.   Dow Jones +191 at 27,930 S&P 500 +12 at 3,397 NASDAQ +47 at 11,312   The 10 Year Treasury closed flat yielding […]

August 20, 2020

Stocks turned slightly higher today as investors absorbed a rise in the Labor Department’s weekly jobless claims report at 1.106 million  and digested more earnings from Corporate America.   Dow Jones finished +47 at 27,739 S&P 500 finished +11 at 3,385 NASDAQ finished +118 at 11,264   The 10 Year Treasury closed down 2 basis […]

August 19, 2020

After the S&P and NASDAQ hit record highs yesterday, stocks opened higher today but lost momentum and every major index finished in negative territory. In economic news, building permits came in higher than expected in July, at 1.495 million.   Dow Jones -85 at 27,693 S&P 500 -15 at 3,375 NASDAQ -64 at 11,146   […]

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