Category Archives: MarketView

Rudd’s MarketView Tuesday, October 17, 2017

Summary The Dow Jones Industrial Average briefly broke above the 23,000-point mark for the first time on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson, but finished the session just below that milestone. The blue-chip index, which surpassed similar 1,000-point marks three times previously this year, has been steadily inching higher and…

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Rudd’s MarketView Monday, October 16, 2017

Summary All three major domestic equity indexes rose to record closing highs on Monday, with the Dow Jones Industrial Average less than 50 points below 23,000, ahead of a long list of earnings this week and as financial shares recovered from last week’s losses. JPMorgan Chase and Bank of America led day’s gains in bank…

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Rudd’s MarketView Friday, October 13, 2017

Summary The major domestic equity indexes moved higher on Friday, following upbeat economic data and gains in technology shares. The result was that both the Dow Jones Industrial Average and the S&P 500 indexes chalked up a fifth straight week of gains. Data indicated retail sales rose in September, and the University of Michigan’s consumer…

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Rudd’s MarketView Thursday, October 12, 2017

Summary Stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup. JPMorgan Chase and Citigroup said they had set aside more money for credit card lending losses in the third quarter, stoking concerns about…

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Rudd’s MarketView Wednesday, October 11, 2017

Summary The major domestic equity indexes edged up to post record closing highs on Wednesday with sector moves in the S&P 500 showing preference toward so-called defensive stocks. While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report that a market-friendly candidate was being pushed as successor…

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Rudd’s MarketView Tuesday, October 10, 2017

Summary The Dow Jones Industrial Average reached another a record high on Tuesday, helped by a rise in the shares of Wal-Mart, while Amazon and Facebook lost ground and investors focused on upcoming quarterly reports. Wal-Mart rose 4.47 percent to a two-year high after forecasting U.S. online sales would increase by about 40 percent in…

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Rudd’s MarketView Monday, October 9, 2017

Summary Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a decline in General Electric and a slide in healthcare stocks. The S&P healthcare index ended the trading day 0.67 percent lower, weighed by a 3.61-percent slide in Medtronic after the medical device maker warned…

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Rudd’s MarketView Friday, October 6, 2017

Summary The S&P 500 chalked up a small loss on Friday, ending a six-day run of record highs as the first monthly decline in nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon competition fears. The Nasdaq ended up for a ninth straight day, however, and set its sixth straight record…

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Rudd’s MarketView Thursday, October 5, 2017

Summary The major equity indexes rose to record highs again on Thursday, benefiting from a move into riskier assets. There was also increased optimism over a tax overhaul as Congress moved closer to agreement on a budget resolution along with the recent signs of economic strength. The House of Representatives voted to adopt a fiscal…

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Rudd’s MarketView Tuesday, October 3, 2017

Summary The major domestic equity indexes and the Russell 2000 index posted record high closes for the second straight day on Tuesday, helped by gains in airlines and the automobile manufacturers. Major automakers posted higher new vehicle sales in September as consumers in hurricane-hit parts of the country rushed to replace flood-damaged cars. Cars and…

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