- Featured CommentariesMarket Daily UpdatesStock Market Today: August 17, 2018Harvey S. Katz, CFA and Robert Harrington | 08/17/2018The major U.S. composites exhibited mixed fortunes for most of Friday, before a mid-afternoon update on trade stoked a rally that persisted until the closing bell. Indeed, while both the Dow Jones Industrial Average and S&P 500 spent the majority of the session in positive territory and were on track for weekly gains, the NASDAQ and small-cap Russell 2000 were firmly below their breakeven lines when, at about 2:00 PM EST, a report suggested that the leaders of the United States and China would hold trade discussions in November.Market Daily UpdatesStock Market Today: August 16, 2018Harvey S. Katz, CFA and Adam Rosner | 08/16/2018The stock market opened sharply higher this morning, but pulled back selectively as the afternoon progressed. The initial move up today was likely fueled by some positive corporate profit reports, as well as hopes that an upcoming meeting between the United States and China, our largest trading partner, will lessen recent trade spats. At the close of the session, the Dow Jones Industrial Average was ahead 396 points; the broader S&P 500 Index was up 22 points; and the NASDAQ was higher by 32 points.StockHighlightsDow 30 Earnings: Walmart Inc. Fiscal Second Quarter 2018Kevin Downing | 08/16/2018Shares of Walmart (WMT) rally on the release of the retail giants fiscal second-quarter financial results.StockHighlightsDow 30 Earnings: Cisco Systems Fourth Quarter Fiscal 2018Kevin Downing | 08/16/2018Networking equipment and software provider Cisco Systems (CSCO) reported largely in-line results for the fiscal fourth quarter ended July 28, 2018. First-quarter guidance was also as expected. The company notched its third-consecutive quarter of year-over-year revenue growth and investors are rewarding the consistency.Market Daily UpdatesStock Market Today: August 15, 2018Harvey S. Katz, CFA and Robert Harrington | 08/15/2018After a positive Tuesday broke a modestly bearish streak of trading, the major U.S. averages all shed considerable value on Wednesday before paring some of the losses in the final hour. Posting the steepest decline was the NASDAQ, which suffered from a combination of subpar earnings and concerning developments overseas, particularly in Turkey. The Dow Jones Industrial Average, S&P 500, and the small-cap Russell 2000 were also meaningfully lower by the closing bell.
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