Daily Market Commentary

Stocks were up slightly for most of the day on Monday, but a late push higher gave the major indices a boost into some solid gains. The Dow added 57-points while small caps were flat and the Transports were down slightly. Historically, seasonality gets a little more negative this week, but yesterday showed why it seasonality is not a primary indicator. ...

Stocks opened higher on Friday after a better than expected jobs report. The Dow gained 118-points, or about 0.5%, while the S&P 500, Transports, and Nasdaq produced similar gains. A temporary continuing resolution to avoid a government shutdown was passed after the close on Thursday contributed to the rally. ...

Stocks saw a healthy bounce on Thursday with gains across the board, both large and small cap, plus Transports and tech. It may have just been an oversold bounce after the recent dip, but it seemed like business as usual for the 2017 market. The Dow gained 71-points and small caps led on the upside.
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Stocks bounced around above and below the break-even mark yesterday with varying closing results for the indices as the rotation from one sector to another continues. The Dow lost 40-points, which was the lows of the day, while the S&P was flat, and the Nasdaq caught some bargain hunters after its recent decline, and closed just off the day's high. ...

Another positive open turned into a down day on Tuesday and we saw modest losses across the board yesterday. The Dow lost 109-points with a similar decline in the S&P 500, while the small caps and the Transports lagged with more significant losses. ...