Category Archives: MarketView

Rudd’s MarketView Tuesday, December 12, 2017

Summary The producer price index rose in November as a result of rising gasoline prices in combination with a series of other goods to result in the largest annual gain for that index in nearly six years. The data, which came a day ahead of Fed’s widely-expected hike in interest rates could assuage concerns among…

Continue Reading →

Rudd’s MarketView Monday, December 11, 2017

Summary The major domestic equity indexes moved higher on Monday, due the accelerating interest in the technology and energy sectors, as oil prices rose in combination with an expected interest rate hike later in the week by the Fed. Technology stocks were back in favor with the largest amount in interest revolving around Apple as…

Continue Reading →

Rudd’s MarketView Friday, December 8, 2017

Summary The major domestic equity indexes were higher on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike by the Fed next week and raised optimism about economic prospects in 2018. Technology stocks such as Microsoft, Apple and Oracle helped pace the advance, as they continued…

Continue Reading →

Rudd’s MarketView Thursday, December 7, 2017

Summary The major domestic equity indexes ended the trading higher on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of Lululemon Athletica also worked up a sweat. Facebook rose 2.31 percent, while Google parent-company Alphabet added 1.23 percent, helping the S&P 500 end higher after the index lost ground for four…

Continue Reading →

Rudd’s MarketView Wednesday, December 6, 2017

Summary The S&P 500 fell a tiny bit on Wednesday, with Microsoft and other technology stocks making modest gains but not quite offsetting losses in energy shares after oil prices dropped more than 2 percent. It was the index’s fourth straight negative session, the first such streak since March, underscoring uncertainty as the Senate attempts…

Continue Reading →

Rudd’s MarketView Tuesday, December 5, 2017

Summary The major equity indexes were lower on Tuesday, as a technology rebound lost steam and Disney retreated, while investors assessed how a Republican tax overhaul would impact corporate earnings. The S&P 500 index fell for a third straight session, a streak not seen since early August, reducing the index’s return this year to 17…

Continue Reading →

Rudd’s MarketView Monday, December 4, 2017

Summary The Dow Jones Industrial Average reached a record high on Monday, with banks and retailers leading the parade and technology companies falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts. The S&P 500 ended with a loss after hitting an intra-day all-time high earlier in the day, while…

Continue Reading →

Rudd’s MarketView Friday, December 1, 2017

Summary The major equity indexes were lower on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the election as well as with progress on a tax bill in Congress. However, stocks recouped the bulk of their initial losses, after Senate Republicans said they had enough support to pass a sweeping tax…

Continue Reading →

Rudd’s MarketView Thursday, November 30, 2017

Summary The S&P 500 index closed at a record high and the Dow Jones Industrial Average broke above the 24,000 level for the first time on Thursday as investors gained confidence that the Republican party’s push for a tax overhaul would succeed. Republican Senator John McCain’s decision to back the tax bill provided a new…

Continue Reading →

Rudd’s MarketView Wednesday, November 29, 2017

Summary The Nasdaq posted its largest one-day drop in more than three months on Wednesday as high-flying technology stocks felt the brunt of a sector shift into financials and other pockets of the market that could benefit from less regulation, lower taxes and rising interest rates. Gains in financial, industrial and healthcare stocks helped the…

Continue Reading →

Page 1 of 15