Featured Commentaries
    Market Daily Updates
    Stock Market Today: January 18, 2018
    Harvey S. Katz, CFA  |  01/18/2018
    If at first you don't succeed, try, try again. That time-worn bit of advice could well be the lesson for yesterday. On point, one day after the Dow Jones Industrial Average had soared to an early gain just north of 280 points, and to an intraday peak above 26,000 in that composite, before surrendering all of that early advance and then some, the Dow regrouped yesterday and jumped to an initial gain of 160 points before again falling back briefly in mid-morning. On Tuesday, the reason for the reversal was the fear of a late-week government shutdown. Yesterday, the early rise was the result of optimism about corporate earnings. U.S. equity futures are now edging higher in early trading, save for the NASDAQ. As before, we expect one eye trained on earnings today and another on the latest doings in Washington, where the two political sides seek to work out a spending accord.
    Market Daily Updates
    Stock Market Today: January 17, 2018
    Harvey S. Katz, CFA and Adam Rosner  |  01/17/2018
    The stock market opened solidly higher this morning, and managed to aggressively build upon these gains through the afternoon. At the end of the session, the Dow Jones Industrial Average was up 323 points and closed over 26,000; the broader S&P 500 Index was ahead 26 points; and the NASDAQ was higher by 75 points.
    Market Commentaries
    The Beige Book Sees Steady Economic Growth and Moderate Inflation
    Harvey S. Katz, CFA  |  01/17/2018
    The Beige Book, a Federal Reserve publication about current economic conditions across the nation's 12 Federal Reserve Districts, which is used by central bank economists to assess the overall direction and pace of business change, was released a bit earlier this afternoon and found that the economy had continued to expand from late November to the end of 2017.
    StockHighlights
    Dow 30 Earnings: Goldman Sachs Fourth Quarter 2017
    Adam James Platt  |  01/17/2018
    Goldman SachsÂ’ December-quarter top-line performance underwhelms investors, sending shares lower in trading.
    Market Daily Updates
    Stock Market Today: January 16, 2018
    William G. Ferguson and Adam Rosner  |  01/16/2018
    The equity markets delivered a mixed-to-weaker performance today in a highly volatile trading session, as Wall Street returned from a holiday weekend. Specifically, stocks opened sharply higher this morning, but the gains fizzled as the day progressed. At the close of trading, the Dow Jones Industrial Average, after breaking through the 26,000 mark earlier today, ended down 10 points; the broader S&P 500 Index was off 10 points, as well; and the NASDAQ was lower by 37 points.
    • Research Notes
      Jan 19, 2018
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