Daily Market Updates

July 3, 2011

Stocks fell for the 5th straight week, which hasn’t happened on the Dow since July 2004.  There was an initial hit at the open after the jobs reports showed nonfarm payrolls rose by only 54,000 in May, the smallest increase for jobs since September 2010 and about 1/3 of what analysts had expected.  Stocks did pare some losses after the European Union, ECB and IMF announced their next finance tranche will be… Read More ›

June 2, 2011

After yesterday’s steep selloff, markets wavered today and tried to find footing with a mixed bag of economic reports, including a smaller than expected drop in jobless claims and a mixed report on May same-store sales from retailers.  Investors are also awaiting the government’s monthly jobs figures that are due out tomorrow for a better look into the health of the recovery. DOW                    -41 to 12248 SP500                -1 to 1312 NASDAQ          … Read More ›

June 1, 2011

Stocks tumbled today following several economic reports that pointed to a weakening recovery and after Moody’s downgraded Greece’s bond ratings deeper into junk status.  In economic news, the manufacturing sector is in worse shape than expected and the ADP report showed the private sector only added 38,000 jobs, far less than predicted. DOW   -279 to 12290 SP500   -30 to 1314 NASDAQ   -66 to 2769 Oil -2.38 to 100.32 an barrel Gold +9.60… Read More ›

May 31, 2011

Stocks traded higher on optimism over prospects of a Greek bailout package, but fell slightly off the highs as investors have continued concerns about further weakness in the economy.  Several key economic reports are expected later this week which will reveal more about the state of the nation’s manufacturing output and jobs growth.  DOW   +128 to 12569 SP500   +14 to 1345 NASDAQ   +38 to 2835 In the days news: INTC led the… Read More ›

May 27, 2011

Stocks held on to modest gains today in a light volume session ahead of the Memorial Day holiday, as commodities gained on the heels of a weaker dollar and on a mixed bag of economic news.  DOW   +38 at 12441 SP500   +5 at 1331 NASDAQ   +13 at 2796 In commodities, gold hit a 3 week high on reports that Chinese imports were likely to surge, closing at $1535.50 an ounce In the… Read More ›