Stocks Slump

Stocks Slump

Friends It was a difficult day for stocks as early morning weakness turned into a day-long affair. Though Boeing was under selling pressure once again, the decline was broad based as technology shares, industrial shares and even banks all showed signs of weakness. The...

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Stocks Slump

Stocks Quiet Ahead of Earnings Season

Friends The Dow weighed down by the drop in price of shares of Boeing showed losses today, but the rest of the market had an upward tilt to it. Investors are aware that we are heading into difficult earnings season but for the moment don’t seem to upset about it. Last...

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Stocks Slump

Goldilocks Jobs Number

Friends The jobs number was a little better than expected with 196,000 new jobs created in March, but not so strong as to cause concern among market participants that the Fed might be tempted to rethink their dovish stance. The unemployment rate remained at 3.8%,...

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Stocks Slump

Mixed But Higher

Friends Stocks were mixed today with the Dow firmly to the upside buoyed by gains in shares of Dow components Boeing, Dow Chemical, and Disney. The rest of the market was mostly quiet with the S&P up slightly and the Nasdaq down a bit. On the economic front the...

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Stocks Slump

Small Gains

Friends The “a china deal is close” rallies have become more and more anemic over the past several weeks. Nevertheless, stocks still appear to have an upward tilt to them. This morning’s ADP private payroll number came in lighter than expected with 129,000 new jobs...

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Stocks Slump

Market Update

Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was down 79 points to finish the day at 26,179. The S&P 500 was unchanged to close at 2,867. Gold was up $1.60 to trade at $1,295 per...

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Stocks Slump

Fast Start For Stocks

Friends It was quite a nice start to the second quarter for the bulls as stocks rallied at the open and added to those gains as the trading session wore on. The rally was broad based with financials and industrials joining the party along with technology shares....

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