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Daily Market Commentary

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  1. They sold the rumor - and bought the news

    Turnaround Tuesday was almost a inverse mirror image of Monday. As dogmatic as the bears were on Monday, the bulls were as committed on Tuesday. The larger industrial type stocks rebounded better than the Nasdaq and small caps, both of which only got back about half of Monday's losses. The Dow ended the day up 185-points.

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  2. Market sells off BEFORE tariff news

    The market was under downside pressure out of the gate on Monday morning and the indices trended was down all day. The last hour of trading was quite weak and it may have been a realization that the dip buyers weren't showing up this time. The Dow ended the day down a modest 0.35% but the broader indices, particularly the Nasdaq and small caps, were hit much harder.

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  3. Dip buyers keep jumping on tariff pullbacks

    Stocks were mixed but mostly flat on Friday despite a big midday swoon caused by another trade related headline. An afternoon rally erased the losses and the Dow ended the day up 9-points. The Nasdaq was lone major index to close in negative territory, after giving up an early 30-point gain.

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  4. 4 up after 4 down

    Apple helped boost the Dow and technology stocks yesterday as it (Apple) bounced back from Wednesday's losses. The Dow rallied 147-points, or 0.57%, while the S&P had a similar percentage gain, small caps lagged with a small gain, and the Nasdaq led the charge with a 0.75% gain.

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  5. Headlines are pushing this quiet market around

    It was a choppy day on Wall Street yesterday although the indices didn't trade in too wide of a range. The Dow opened lower but ended the day with a gain of 28-points. It failed to close anywhere near the highs but that was caused by some headline driven movements and it ended the day inline with most of the other indices... flattish.

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