Category Archives: Uncategorized

Market Update for May 23, 2019



In today's update:

1) U.S. Equity markets closed significantly lower on Thursday as concern grows over the lock of ongoing U.S. - China trade talks. The Dow Jones Industrial Average dropped 286.14 or 1.11%, the S&P 500 fell 34.03 or 1.19% while the Nasdaq 100 closed lower by 122.56 or 1.58% and the Russell 2000 finished lower by 30.25 0r 1.97%.

Market Update for May 22, 2019



In today's update:

1) FOMC meeting minutes confirmed that the Federal Reserve sees no rate moves coming "for some time" but stocks still closed lower. The Dow Jones Industrial Average dropped 100.72 or 0.39%, the S&P 500 fell 8.09 or 0.28% while the Nasdaq closed lower by 34.88 or 0.45% and the Russell 2000 finished lower by 13.62 or 0.88%.

Market Update for May 21, 2019



In today's update:

1) Chip stocks helped the Technology sector rebound resulting in significant gains for U.S. Equity markets after the U.S. decided to ease restrictions on Huawei Technologies. The Dow Jones Industrial Average gained 197.43 or 0.77%, the S&P 500 added 24.13 or 0.85% while the Nasdaq 100 closed higher by 83.35 or 1.08% and the Russell 2000 finished higher by 20.28 or 1.33%.

Market Update for May 20, 2019



In today's update:

1) Stocks closed mostly in the red today led by technology companies who started to comply with Trump's decision to Blacklist Huawei Technologies. The Dow Jones Industrial Average dropped 84.10 or 0.33%, the S&P 500 fell 19.30 or 0.67% while the Nasdaq 100 closed lower by 113.91 or 1.46% and the Russell 2000 finished lower by 10.80 or 0.70%.

Market Update for May 19, 2019



In today's update:

1) Stocks took a turn for the worse on Friday and finished in the red after U.S. - China trade talks broke off. The Dow Jones Industrial Average dropped 98.68 or 0.38%, the S&P 500 fell 16.79 or 0.58% while the Nasdaq 100 closed lower by 81.76 or 1.04% and the Russell 2000 finished lower by 21.48 or 1.38%.

Market Update for May 16, 2019



In today's update:

1) Stocks post gains for the third consecutive trading session led by Walmart (WMT), Cisco Systems (CSCO), and Bank shares. The Dow Jones Industrial Average gained 214.66 or 0.84%, the S&P 500 added 25.36 or 0.89% while the Nasdaq 100 closed higher by 75.90 or 0.97% and the Russell 2000 finished higher by 8.97 or 0.58%.

Market Update for May 15, 2019



In today's update:

1) U.S. Equities reversed early morning losses to advance for the second consecutive trading session after the Trump Administration decided to delay Auto tariffs. The Dow Jones Industrial Average gained 115.97 or 0.45%, the S&P 500 added 16.55 or 0.58% while the Nasdaq 100 closed higher by 87.65 or 1.13% and the Russell 2000 finished higher by 5.21 or 0.34%.

Market Update for May 14, 2019



In today's update:

1) Stocks make back about a third of yesterday's losses on hopes that a trade deal can be reached soon. The Dow Jones Industrial Average gained 207.06 or 0.82%, the S&P 500 added 22.54 or 0.80% while the Nasdaq 100 closed higher by 87.47 or 1.14% and the Russell 2000 finished higher by 20.03 or 1.32%.

Market Update for May 13, 2019



In today's update:

1) China retaliated by raising tariffs on U.S. goods and U.S. Equities plunged posting their worst day in 9 months. The Dow Jones Industrial Average dropped 617.38 or 2.38%, the S&P 500 fell 69.53 or 2.41% while the Nasdaq 100 closed lower by 269.92 or 3.41% and the Russell 2000 finished lower my 49.99 or 3.18%.

Market Update for May 12, 2019



In today's update:

1) Aside from a late day rally on Friday, escalating trade tensions between the U.S. and China put pressure on stocks around the Globe last week. On Friday, the Dow Jones Industrial Average gained 114.01 or 0.44%, the S&P 500 added 10.68 or 0.37% while the Nasdaq 100 closed higher by 6.35 or 0.08% and the Russell 2000 finished higher by 2.94 or 0.19%.

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