Featured Commentaries
    Market Daily Updates
    Stock Market Today: December 6, 2019
    Harvey S. Katz, CFA  |  12/06/2019
    The stock market, which began the new week and month on a disquieting note, as a disappointing report on manufacturing activity, issued Monday, and emerging concerns about fashioning a timely trade agreement with China hit the Street on Tuesday caused Wall Street to suffer back-to-back sharp declines. However, the ship righted itself on Wednesday, even though a major issuance on non-manufacturing activity proved somewhat underwhelming. Yesterday then saw further slight improvement, in part on the report of a narrowing in our trade deficit during October. But all of this was just a prelude to the fireworks today.
    Market Daily Updates
    Stock Market Today: December 5, 2019
    Harvey S. Katz, CFA and John E. Seibert III  |  12/05/2019
    The stock market started briefly in the green today, as yesterday’s positive price action continued. However, the indices quickly fell when factory orders came out, which were down 1.2% year over year. The Dow Jones Industrial Average fell 182 points from peak to trough, while the other composites followed a similar path lower. Then, the markets bounced to near breakeven levels and traded in that range for a notable part of the session. In the final portion of the session, the indices started to move higher, momentarily making new daily highs. All told, the Dow closed up 28 points, the S&P 500 rose five points, and the NASDAQ gained four points.
    Market Daily Updates
    Stock Market Today: November 27, 2019
    Harvey S. Katz, CFA and John E. Seibert III  |  11/27/2019
    The stock market started positively, as good earnings results coupled with some constructive economic data emboldened the bulls. Durable goods orders were much better than expected, while weekly initial jobless claims were lower than estimated. In all, the S&P 500 and NASDAQ started in the green today, but the Dow Jones Industrial Average began trading in the red. However, the market trended higher throughout the latter portion of the session, and the Dow eventually reached the green. The three indices again reached all-time highs at one point and finished not too far off their peaks. Overall, the Dow closed higher by 42 points, the S&P 500 was up 13 points, and the NASDAQ increased 57 points.
    Market Daily Updates
    Stock Market Today: November 26, 2019
    Harvey S. Katz, CFA and Adam Rosner  |  11/26/2019
    The stock market moved up nicely this morning, surrendered some ground during the early afternoon, but managed to firm up again at the end of the session. Traders, looking for a trade deal to be signed with China, have been reacting daily to the flow of news on that subject. This has, no doubt, been the cause of some of the market volatility we have been seeing lately. At the end of trading today, the Dow Jones Industrial Average was ahead 55 points; the broader S&P 500 Index was up seven points; and the NASDAQ was higher by 15 points.
    Market Daily Updates
    Stock Market Today: November 25, 2019
    Robert Mitkowski and John E. Seibert III  |  11/25/2019
    The stock market started positively today, as a few companies agreed to mergers and acquisitions over the weekend. Additionally, China released new guidelines for the protection of intellectual property, which has been a significant sticking point in U.S. trade negotiations. All told, the Dow closed higher by 191 points, the S&P 500 was up 23 points, and the NASDAQ rose 113 points.