The Markets The recent rally in equities stalled for the second consecutive week as a surge in oil and natural gas prices along with evidence of a cooling housing market kept the year-end advance in check. The Dow Jones Industrial Average, which has run into strong resistance at it has approached the 11,000 mark at [...]
During this edition of our Weekly Market Comment, we would like to take this opportunity to preview our market outlook for 2006. We believe that many of the significant issues that affected the markets this year will bleed over into 2006. On the positive side, we are optimistic that U.S. corporations will continue to post [...]
The Markets Last week’s strong auction on the 10-year Treasury bond pushed yields back down below 4.50%, extending the relief rally in equities to a fourth straight week. The decline in yields, along with the recent drop in oil prices renewed hopes for a year-end rally. For the week the Dow gained 80 points (+0.75%) [...]
THE MARKETS The recent drop in oil prices to four month lows coupled with Microsoft’s $32.62 billion dividend helped push most of the major indexes to new 52-week highs. The S&P 500 closed at 1191.37 on Wednesday which was the highest the index has been since August of 2001. The gains were confirmed by strong [...]
THE MARKETS After reaching its highest level since March 5th of this year (on Thursday), the Dow Jones Industrial Average retreated on Friday losing 83 points and snapping a three-week winning streak. Stocks were jolted early in week on the heels of the largest monthly Producer Price Index (PPI) gain (+1.9%) in fourteen years. But [...]
THE MARKETS The Dow Jones Industrial Average was finally able to crawl back into the plus column for the year as the index posted gains for the third week in a row. The action was broad-based as the S&P-500 posted a three-year high while the Dow Jones Transportation and Utility Indexes are also at three-year [...]
THE MARKETS After seeing the Dow slide to its lowest level of the year, traders rushed back into the blue chips sending the Dow once again back over the 10000 mark. The rally was impressive as the Dow posted triple digit gains on both Tuesday and Wednesday as New York Stock Exchange volume was the [...]
THE MARKETS The pressure of surging oil prices (approaching $50 a barrel) was more than the market could handle last week as most major indexes finished lower. For the week, the Dow Jones Industrial Average lost 237 points (-2.30%) and settled at 10047. This was the worst weekly performance by the Dow since early August. [...]
THE MARKETS The pressure of surging oil prices (approaching $50 a barrel) was more than the market could handle last week as most major indexes finished lower. For the week, the Dow Jones Industrial Average lost 237 points (-2.30%) and settled at 10047. This was the worst weekly performance by the Dow since early August. [...]
THE MARKETS A renewed rise in oil prices kept stocks in a tight range as traders came back from the Labor Day weekend. As expected, trading volumes rose to a four-week high on both the Dow Jones Industrial Average and on the NASDAQ. For the week, the Dow gained 53 points (+0.5%) and settled at [...]
