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Daily Market Updates

May 18, 2020

Stocks moved higher to begin the week as hopes of a successful coronavirus vaccine are gaining. In Economic news, the homebuilder sentiment bounced back in May, after a record plunge in April.   Dow Jones +912 at 24,597 S&P 500 +90 at 2,954 NASDAQ +220 at 9,235   The 10 Year Treasury closed up 10 […]

May 15, 2020

The markets dropped again at the open but, just like yesterday, managed to gain momentum and finish with every major index in positive territory. In Economic news, consumer sentiment was 73.7 for May, higher than the expected 65.   Dow Jones +60 at 23,685 S&P 500 +11 at 2,864 NASDAQ +71 at 9,015   The […]

May 13, 2020

Stocks dropped at the open and continued to drop all day after Fed Chair Powell said he sees significant downside risks and uncertain times ahead. In economic news, the Producer Price Index fell 1.3% in April, more than the 0.5% expected drop.   Dow Jones -517 at 23,247 S&P 500 -50 at 2,820 NASDAQ -139 […]

May 12, 2020

Stocks opened higher this morning but changed course throughout the day and finished with every major index down about 2%. In economic news, the U.S. Consumer Price Index fell 0.8% in April, as expected.   Dow Jones -457 at 23,675 S&P 500 -60 at 2,870 NASDAQ -190 at 9,003   The 10 Year Treasury closed […]

may 11, 2020

Stocks opened lower to begin the week but were volatile throughout the day. The continuing rally in tech helped the NASDAQ finish in positive territory for a sixth straight day.   Dow Jones -109 at 24,222 S&P 500 flat at 2,930 NASDAQ +71 at 9,192   The 10 Year Treasury closed up 4 basis points […]

May 8, 2020

Stocks moved higher today as investors believe the worst of the pandemic has passed. In economic news, a record 20.5 million jobs were lost in April, causing the unemployment rate to jump to 14.7%.   Dow Jones +455 at 24,331 S&P 500 +49 at 2,930 NASDAQ +142 at 9,121   The 10 Year Treasury closed […]

May 7, 2020

Stocks moved higher today, with every major index finishing up about 1% and the NASDAQ gaining back all its losses since the beginning of the pandemic.   Dow Jones +211 at 23,876 S&P 500 +33 at 2,881 NASDAQ +125 at 8,980   The 10 Year Treasury closed down 8 basis points yielding 0.63% Oil prices […]

May 6, 2020

The markets began the day with every major index in positive territory but spent the rest of the day very volatile, with only the NASDAQ finishing the day up.   Dow Jones -218 at 23,665 S&P 500 -20 at 2,848 NASDAQ +45 at 8,854   The 10 Year Treasury closed up 5 basis points yielding […]

May 5, 2020

After Friday’s nearly 3% decline large cap tech helped the market rally into positive territory yesterday and it was large cap tech that led the market higher at the open today as State economies start to slowly reopen and oil prices moved higher for a 5th consecutive day. The Dow opened +250 At the close: […]

May 4, 2020

Stocks opened lower but gained momentum throughout the day with every major index managing to finish in positive territory. In economic news, U.S. consumer spending plunged 7.5% in March, reflecting the impact of the Coronavirus.   Dow Jones +26 at 23,750 S&P 500 +12 at 2,843 NASDAQ +106 at 8,711   The 10 Year Treasury […]

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