Featured Commentaries
    Market Daily Updates
    Stock Market Today: January 18, 2019
    Harvey S. Katz, CFA and Adam Rosner  |  01/18/2019
    The stock market moved sharply higher this morning and held most of its gains through the session. Today’s advance was likely fueled by hopes that trade relations between the U.S. and China are gradually improving. At the end of trading, the Dow Jones Industrial Average was ahead 336 points; the S&P 500 Index was up 35 points; and the NASDAQ was higher by 73 points. Market breadth was quite favorable, with advancers easily ahead of decliners on the NYSE.
    StockHighlights
    Dow 30 Earnings: American Express Fourth Quarter 2018
    Ian Gendler  |  01/18/2019
    American Express, (AXP) a Dow-30 component and one of the world's largest issuers of credit/charge cards, has reported December-period financial results. For the quarter, the company achieved adjusted share earnings of $1.74, which excluded $0.58 of tax-related benefits. Although this figure was 9% higher than the year-earlier figure, it came in below the consensus Wall Street analyst estimate, as well as our call of $1.82.
    Market Daily Updates
    Stock Market Today: January 17, 2019
    Harvey S. Katz, CFA and John E. Seibert III  |  01/17/2019
    The markets started modestly lower today, as fear about the Unites States’ ability to strike a trade deal with China increased. However, sentiment recovered throughout the early portion of the day, as good economic data included lower-than-expected initial jobless claims. Also, earnings releases from a few companies showed solid year-over-year improvements. Meantime, the Dow Jones Industrial Average started trending notably higher. In the latter part of the trading session, a report broke that the U.S. could ease tariffs on goods from China during negotiations. This caused the indices to spike, with the Dow rising by as many as 267 points, briefly eclipsing its 50-day moving average. The S&P 500 and NASDAQ followed suit. However, the full move higher was short lived, and those additional gains were given back somewhat. All told, the Dow finished the day up 163 points, the S&P 500 was higher by 20 points, and the NASDAQ gained 50 points.
    Market Daily Updates
    Stock Market Today: January 16, 2019
    Harvey S. Katz, CFA and Adam Rosner  |  01/16/2019
    The stock market made some solid progress today, helped by a batch of constructive corporate profit reports. Although stocks eased a bit in the final hour of trading, the Dow Jones Industrial Average still ended the session ahead 142 points; the S&P 500 Index was up six points; and the technology-heavy NASDAQ was higher by 11 points.
    StockHighlights
    Dow 30 Earnings: Goldman Sachs Fourth Quarter 2018
    Adam James Platt  |  01/16/2019
    Goldman Sachs reported mixed financial results for the fourth quarter of 2018. The company's revenue and share net figures came in slightly below our expectations, but both marked improvements over the previous-year period, which sent the shares higher.
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