Stocks slightly lower on trade worries

Stock Market Update Monday, October 14th, 2019 Stocks kicked the week off with a small loss on new concerns over trade. Last week, President Trump announced a partial trade deal with China that was “very substantial.” But over the weekend there were reports that China wants additional talks before signing the deal. 

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Dow up 151 points after Trump Tweet

Stock Market Update Thursday, October 10th, 2019 Make no mistake about it. Right now it’s all about trade.  Yesterday evening, news out of China sent the E-Mini S&P lower by 1.0%. The reports said that there had been no progress on a trade deal with early talks, and that Chinese Vice Premier Liu He might […]

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Dow drops 314 points as trade war heats up again

Stock Market Update Tuesday, October 8th, 2019 It was another rough day for stocks. Stocks opened lower after more trade war news. We also had the September Producer Price Index (PPI) data showing the biggest drop in 8 months (down -0.3% vs. a 0.1% forecast). But today’s uncertainty and sell-off was really all about trade […]

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Dow rallies on bad news, and here’s why…

Stock Market Update Thursday, October 3rd, 2019 What a day! Stocks made quite a comeback today after being down big in early trading. The major indices were flat at the open but rallied ahead of today’s ISM Non-Manufacturing PMI report. And after Tuesday’s disappointing manufacturing PMI data, today’s report took on a little more significance.

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DOW down more than 800 points!

Stock Market Update Wednesday, October 2nd, 2019 Stocks dropped for the 2nd day in a row today. In just 2 days the DOW is down more than 800 points! And the S&P has lost 3.0%! Why the drop? Yesterday it was weak manufacturing data leading stocks lower.

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Stocks higher as a quarter of struggles finally ends

Stock Market Update Monday, September 30th, 2019 Stocks were lower Friday after news that the White House is considering restrictions on investment in China. But today stocks were higher after a Peter Navarro, a trade advisor, said that Friday’s report was mostly false. And over the weekend a spokeswoman for the Treasury said that the […]

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Stocks drop on trade news

Stock Market Update Thursday, September 26th, 2019 Stocks pulled back today with trade being the focus. There was positive data to digest, but it didn’t really help stocks. Final GDP came in at 2.0% (as expected) and Weekly Jobless Claims came in at 213,000 (essentially in-line with expectations). But Pending Home Sales showed a surpise […]

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Stocks Drop on Impeachment Concerns

Stock Market Update Tuesday, September 24th, 2019 Trading was pretty quiet this morning. The major indices were slightly higher at the open. And 30 minutes into trading stocks were at session highs. But then the day turned into a bit of a roller coaster ride after that.

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Stocks just don’t move!

Stock Market Update Monday, September 23rd, 2019 Stocks opened the day with losses after weak economic data in Europe. In Germany, flash Manufacturing PMI data came in at the lowest levels since the financial crisis. With weak manufacturing indicating contraction instead of expansion, European markets were down more than 1.0%.

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Stocks go nowhere – Again

Stock Market Update Thursday, September 19th, 2019 Well that was boring. All eyes were on the Fed and their decision on interest rates this week. But after cutting rates a quarter point yesterday (as expected) stocks have gone nowhere.

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Fed lowers rates, but no more this year?

Stock Market Update Wednesday, September 18th, 2019 Today was all about the Fed. Stocks traded in a narrow range until 2pm ET when the Fed Statement was released. And as expected, the Fed cut rates a quarter point. Seven members voted for a cut, while one member wanted a bigger cut, and two members wanted […]

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Everybody is waiting for the Fed decision

Stock Market Update Tuesday, September 17th, 2019 Oil was in the spotlight again today. After yesterday’s huge rally (the biggest 1-day rally ever), Oil pulled back almost 6%. The drop came after Saudi Arabia said it has restored half of the production that was lost in the attacks over the weekend and plans to have […]

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