Blog

25Nov 2013

Trading was relatively calm today. The three major indices posted only minor changes with the Dow Jones closing at 16,072.54 (+0.05%), the S&P 500 closing at 1,802.48 (-0.13%), and the NASDAQ closing at 3,994.57 (+0.07%). With today’s close, the S&P 500’s 7 week bull run came to an end. This week trading will be lighter […]

24Nov 2013

Markets closed this past Friday on a rally, with the Dow increasing 0.34% to reach a record high of 16,064.77. The S&P climbed 0.50% to 1,804.76, and the NASDAQ increased 0.57% to 3,991.65. On the commodities side, gold depreciated 0.06% to 1,244.10 while Crude Oil depreciated 0.75% to 94.84. In currencies, the US dollar appreciated […]

21Nov 2013

Markets rallied today, with the DOW closing above 16,000 for the first time. The DOW rallied at 0.69%, closing at 16,009.99. Similarly, the S&P 500 increased 0.81% and closed at 1,795,85. The NASDAQ increased 1.22% to close at 3,969.15. The stock market rebounded from three days of weakness, as economic data indicates a slowly improving […]

20Nov 2013

The tapering saga continues. Minutes from the Fed’s Federal Open Market Committee’s October 29-30 meeting reveal that the central bank is indeed planning to taper the Quantitative Easing program. Within the minutes, heavy emphasis is placed on the recent gains in the labor market. Tapering is expected if November jobs figures are favorable, and particularly […]

19Nov 2013

The US stock market declined today, with the S&P 500 declining 0.20% to 1787.87. The DOW and NASDAQ declined 0.06% to 15,967.03, and 0.44% to 3,931.55 respectively. In commodities, gold was up 0.17% to 1,274.50 and crude oil was up 0.27% to 93.33. Current 10 Year Treasury yields increased 127bps to 2.7120. In currencies, the […]

18Nov 2013

Commodities closed down today from their record highs on Friday. Gold fell to $1,274.53 per ounce and oil fell to $93.03 per barrel. Today’s oil settle represents the lowest settle in the last five months.  The stock market fared slightly better. The 10-year Treasury note is currently yielding 2.664% (down about 4 basis points), and the Dollar […]

14Nov 2013

Markets rallied today, with the DOW and S&P 500 indices recording new highs after Janet Yellen, the US Federal nominee, told the Senate committee the Fed’s accommodative policies would continue as the economy remains fragile. The Labor Department indicated that there were 339,000 jobless claims filed, compared to expectations for about 330,000 new claims. Critics […]

13Nov 2013

The Stock market was up today with the DOW continuing its streak to close at a new record high of 15,821.63. The S&P was up 0.81% today, closing at 1782.00. NASDAQ was up 1.16%, closing at 3965.58. In commodities, gold was up 0.76%, and closed at $1280.80 per ounce.  Crude was up 0.74% and closed […]

12Nov 2013

Speculation about the Federal Reserve’s Quantitative Easing program seemed to dominate markets today. With the next FOMC meeting in December, many market participants are still unsure whether or not the Fed will begin tapering its stimulus program. Last week’s strong job and GDP growth report as well as the market’s recent positive performance have been […]

11Nov 2013

The stock market was up today with the Dow continuing its streak to close at a new record high of 15,783.10. The S&P closed near its record high at 1,771.85, continuing its fifth straight week of gains. Continued gains come from better than expected U.S economic growth and  jobs data  released last week. The U.S. […]