Morning Preview: May 16, 2024

Early Look Thursday, May 16, 2024 Futures Up/Down % Last Dow 11.00 0.03% 40,050, S&P 500 1.75 0.03% 5,334 Nasdaq 26.25 0.14% 18,718     Another day, another record for major averages, with U.S. futures pointing to modest gains after surging on Wednesday behind tamer inflation and weaker retail sales. The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 … Read More

Market Review: May 15, 2024

Closing Recap Wednesday, May 15, 2024 Index Up/Down % Last DJ Industrials 349.89 0.88% 39,908 S&P 500 61.47 1.17% 5,308 Nasdaq 231.21 1.40% 16,742 Russell 2000 23.77 1.14% 2,109                   US equities trended flattish overnight ahead of this morning’s all-important CPI reading. Core mo/mo and yr/yr readings matched expectations and, along with softer … Read More

Mid-Morning Look: May 15, 2024

Mid-Morning Look Wednesday, May 15, 2024 Index Up/Down % Last DJ Industrials 144.44 0.37% 39,701 S&P 500 29.61 0.57% 5,276 Nasdaq 98.98 0.61% 16,611 Russell 2000 11.63 0.55% 2,097     U.S. stocks hitting all-time highs for the S&P 500 and Nasdaq, as the SPY rises for a 10th straight day after the April Consumer Price Index (CPI) was reported … Read More

Morning Preview: May 15, 2024

Early Look Wednesday, May 15, 2024 Futures Up/Down % Last Dow 29.00 0.07% 39,706 S&P 500 2.25 0.05% 5,272 Nasdaq -5.50 0.03% 18,409     U.S. futures are flat after rising on Tuesday, with the Nasdaq and S&P 500 within a few points of their respective all-time intraday highs and the Dow has moved to within 500-points of the 40K … Read More

Market Review: May 14, 2024

Closing Recap Tuesday, May 14, 2024 Index Up/Down % Last DJ Industrials 126.60 0.32% 39,557 S&P 500 25.26 0.48% 5,246 Nasdaq 122.94 0.75% 16,511 Russell 2000 23.43 1.13% 2,085                   One down, one to go as major averages finish higher (Nasdaq near record highs) ahead of key consumer prices (CPI) inflation and … Read More

Mid-Morning Look: May 14, 2024

Mid-Morning Look Tuesday, May 14, 2024 Index Up/Down % Last DJ Industrials 75.04 0.19% 39,507 S&P 500 13.57 0.26% 5,235 Nasdaq 78.55 0.47% 16,465 Russell 2000 25.32 1.23% 2,087     U.S. stocks are pushing higher, led by a bounce in Smallcap stocks (Russell up over 1%), as the S&P holds recent gains and remain not far from all-time highs … Read More

Morning Preview: May 14, 2024

Early Look Tuesday, May 14, 2024 Futures Up/Down % Last Dow 24.00 0.06% 39,583 S&P 500 1.25 0.02% 5,246 Nasdaq 1.50 0.01% 18,296     U.S. futures extremely quiet ahead of this mornings PPI inflation report at 8:30 AM (S&P futures trade in narrow 8-point range overnight) while Fed Chair Powell also speaks. It seemed like stock markets were “killing … Read More

Market Review: May 13, 2024

Closing Recap Monday, May 13, 2024 Index Up/Down % Last DJ Industrials -81.33 0.21% 39,431 S&P 500 -1.26 0.02% 5,221 Nasdaq 47.37 0.29% 16,388 Russell 2000 2.34 0.11% 2,062                   U.S. stocks opened higher and moved sideways this afternoon finishing mixed as investors/markets await tomorrow’s first key inflation report of the week … Read More

Mid-Morning Look: May 13, 2024

Mid-Morning Look Monday, May 13, 2024 Index Up/Down % Last DJ Industrials 67.54 0.17% 39,579 S&P 500 4.30 0.08% 5,227 Nasdaq 37.34 0.23% 16,378 Russell 2000 20.90 1.01% 2,080     U.S. stocks open the week higher, adding to last week gains as the Dow looks to make it a 9th straight day of gains into key inflation data this … Read More

Morning Preview: May 13, 2024

Early Look Monday, May 13, 2024 Futures Up/Down % Last Dow 35.00 0.09% 39,677 S&P 500 7.25 0.14% 5,253 Nasdaq 43.50 0.24% 18,298     U.S. futures are looking slightly higher to kick off the trading week, adding to last week gains, with earnings results from Wal-Mart, Cisco Systems and Home Depot in focus as well as key inflation data … Read More