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Daily Market Commentary

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  1. Stocks rally


    Stocks opened higher on Monday and sustained the gains throughout the trading day closing near the highs. The Dow gained 242-points and the broader indices saw similar advances of about 1.3% or more.
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  2. Stocks down again, but...


    The losing ways continued for stocks on Friday as the Dow shed another 46-points. The jobs report came in line with estimates and that didn't seem to be enough for investors - just another excuse to sell. But there was some buying during afternoon trading and the close wasn't all that bad considering the red numbers.

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  3. Slide continues


    Stocks were down again on Thursday as the Dow shed 121-points. That was 55-points off the day's low, but the bulls didn't put up much of a fight. The media stocks in the Dow were to blame for much of the 121-points, but it was the Nasdaq that was the worst hit, despite Apple closing higher. This morning (Friday) we get the July jobs report and that could either solidify the recent weakness, or help stocks reverse course. Estimates are looking for ...
  4. Stocks rally, but fade


    Stocks were mixed on Wall Street yesterday with the Dow closing down 10-points, but we saw modest to moderate gains in many of the broader indices. Despite the gains, all of the indices closed well off their highs as big morning gains dwindled by the close, and that makes the day's action very questionable.

    The loss in the Dow can be attributed to a 9% loss in Disney. Since there are only 30 stocks in the Dow, it can be impacted by just one if it moves enough.
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  5. Apple dragging the indices down

    The pullback continues as the Dow slipped another 48-points on Tuesday. China bounced back about 4% on Tuesday as it tries to bottom from its severe correction, but Apple's stock has been falling and it's dragging down the Dow, Nasdaq, and S&P 500 in the process since it is such a big part of those indices.

    The July Jobs report will be released on Friday. Estimates are looking for a gain of 220,000 jobs, and an unemployment rate of 5.3%. The Jobs Report
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