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15Dec2017 Market Close: Stocks Rally On Positive Tax Change News; Oil Rally Continues To Fade And Gold Struggles To Stay Flat

Written by Gary

The Dow Jones Industrial Average closed higher at 24651. The S&P 500 closed 0.9% higher, while the Nasdaq Composite closed at 6936.58, up 1.17%. The major averages rose sharply as uncertainty over the progress of tax reform eased following reports that Republicans secured enough votes for the bill's passage. CNBC, citing two sources, said Marco Rubio will support the final Republican tax bill after the GOP made changes to win his vote.

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15Dec2017 Pre-Market Commentary: Is Tesla Responsible For Slide In USA Home Solar Sales?

Written by Gary

We are coming to the end of the year where significant news which moves the markets disappear. The global markets are taking a breather today - with USA markets looking to open marginally down.

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14Dec2017 Market Close: Wall Street Falls As Investors Fret About Tax Bill Passage, DOW Down 77 Points, SP 500 Down 0.4 Percent, WTI Crude Up In Low 57 Handle

Written by Gary

The SP 500 and the DOW were lower at the closing today (SPY -0.4%) as investors worried about the Republicans' tax overhaul. With McCain in the hospital and Lee and Rubio questioning the child-care credit, investors are anxiety about just how "done deal" this deal is.

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14Dec2017 Market Update: Wall Street Indexes Are Hovering Around Record Levels, Tax Code Overhaul Is Set To Face Final Votes In Congress, Internet Vendors, U.S. Retail Sales Get Big Boost In November From Black Friday

Written by Gary

US equities market's SP 500 and DOW indexes remain near previous highs (SPY -0.04%) after morning trading sideways. The DOW briefly hit a new high on the opening bell, but has fallen back to flat status.

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14Dec2017 Pre-Market Commentary: Wall Street Is Set For A Fractionally Higher Open, WTI Crude And The US Dollar Index Weakens, Federal Reserve Has Hiked Interest Rates

Written by Gary

The US equities main benchmarks are pointing to a higher opening (SPY +0.1%) as traders focused on a $52.4 billion stock deal between Walt Disney and Twenty-First Century Fox and gains in shares of big banks.

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13Dec2017 Market Close: Dow Notches Record Close After Fed Hikes Rates, Policymakers Projected A Short-term Acceleration In US Economic Growth, WTI Crude Settles Down In The High 56 Handle

Written by Gary

All three benchmarks moved higher today (SPY -0.01%) after the Fed raised US interest rates by a quarter percentage point, but left its rate outlook for the coming years unchanged. SP 500 closed down and flat.

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13Dec2017 Market Update: Wall Street's DOW Hits Record High At Market Open, DOW Up Triple Digits, WTI Crude Slides Sharply To The Mid 56 Handle, Gold Index Moves Higher

Written by Gary

U.S. stocks have traded higher today (SPY +0.2) after Congress leaders reached an agreement on a tax overhaul plan. Investors are also watching for the latest monetary policy decision from the Feds.

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13Dec2017 Pre-Market Commentary: Wall Street To Open Higher, Bank Shares Eye Record High As Fed Heads For 2017 Hat-trick, Doug Jones Wins And US Dollar Recovered Most Of Its Losses Against The Yen

Written by Gary

US stock market index futures pointed to a fractionally higher open for Wall Street this morning (SPY +0.1%) leading to possible new historic highs again. Investors await Fed's decision on interest rate hike.

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12Dec2017 Market Close: Wall Street Closes Higher, SP 500, DOW Rise With Help From Banks, Nasdaq Lags, WTI Crude Slips To The Low 57 Handle, All Eyes On The Upcoming Fed Meeting

Written by Gary

The two major benchmarks (DOW and SP 500) achieved record closing highs today (SPY +0.2%), with a big boost from the financial sectors.

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