Daily Market Commentary

Stocks rallied on Thursday as the tax cuts moved a step closer. The Dow gained 332-points on the day, outperforming the S&P 500 and Nasdaq, although all of them had solid days. It was the biggest one-day gain for the Dow since March 1. ...

It was a big day for stocks despite a few news events that we might have thought would have sank the market. But no -- the Dow gained 256-points and we saw gains of close to, or more than, 1% in most of the major indices. The Nasdaq lagged with just a 0.49% gain.
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Stocks were mixed on Monday, a day where the seasonality charts suggested we could see a little breather after a Thanksgiving week rally. The Dow gained 23-points while the Nasdaq and S&P saw small losses. The small caps, I-fund, and Transports took bigger hits.
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Stocks had a strong Thanksgiving week although the normally positive Wednesday and Friday saw just minor gains after Tuesday's big rally stole their thunder. Over those two days the Dow lost about 32-points, the S&P gained 3-points, and the Nasdaq picked up about 27-points. Small caps posted a small gain but it was the I-fund that led as the dollar took another dive.
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Stocks were mixed on Wednesday with the Dow giving back 65 of Tuesday's 160+ point gain. The large cap techs kept the pressure on and managed a small gain for the Nasdaq, but the S&P 500 and small caps posted slight losses. The I-fund led as the dollar lost 0.78% on Wednesday.
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