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Category Archives: The Market

S&P 500 closes above 2000 on earnings, economic data

When I was young I thought that money was the most important thing in life; now that I am old I know that it is. – Oscar Wilde Positive economic data and better than expected second quarter corporate earnings again trumped geopolitical tensions as the S&P 500 Index closed at yet another record high, this […]

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DJIA gains 2% on strong earnings, economic data

Put not your trust in money, but put your money in trust. –Oliver Wendell Holmes The Dow Jones Industrial Average and the S&P 500 Index recorded their best weekly performance of the summer as both economic data and corporate earnings were positive catalysts. With an easing of geopolitical tensions between Ukraine and Russia, the focus […]

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Stocks rise despite geopolitical tensions

Risk comes from not knowing what you are doing. – Warren Buffett Despite ongoing tensions in the Middle East, Iraq and Ukraine, the stock market closed higher last week on stronger than expected second quarter corporate earnings. The yield on the 10-year Treasury note even fell to 2.3% before ending the week at 2.4% as […]

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Stocks slide on interest rate fears

I believe that thrift is essential to well-ordered living and that economy is a prime request of a sound financial structure, whether in government, business or personal affairs. – John D. Rockefeller, Jr. Despite strong economic data and generally positive corporate earnings reports last week, the Dow Jones Industrial Average suffered its worst weekly loss […]

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Stock market averages mixed on earnings concerns

Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place. – Arthur Zeikel, former Chairman of Merrill Lynch Asset Management and author of several investment publications While second quarter earnings have generally been better than expected, it was two disappointing reports on Friday that took the […]

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Stocks rise on strong corporate earnings

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap. – Benjamin Graham The stock market overcame the tragic news of a Malaysia commercial jet being shot down over Ukraine as well as the beginning of a ground war in Gaza by Israel […]

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Stocks decline on Portuguese bank fears

  And finally, no matter how good the science gets, there are problems that inevitably depend on judgment, on art, on a feel for financial markets. – Martin Feldstein, American economist   The stock market succumbed to a fear of heights last week as investors took profits after a report surfaced that a relatively small […]

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Strong jobs report lifts stocks to record highs

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past. – Timothy Geithner A stronger than expected jobs report for June propelled the Dow Jones Industrial Average above 17,000 for […]

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Stocks post modest losses on Fed official remarks

We’ve used derivatives for many, many years. I don’t think derivatives are evil, per se, I think they are dangerous. …So we use lots of things that are dangerous, but we generally pay some attention to how they’re used. We tell the cars how fast they can go. – Warren Buffett News that the U.S. […]

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Stocks at all-time highs on Fed comments

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily. – Ben Bernanke The stock market resumed its record-setting ways last week as both the Dow Jones […]

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