Rudd’s MarketView for Monday, August 7, 2017

Summary The Dow Jones Industrial Average edged up to its ninth record closing high in a row while the S&P 500 index ended the day on Monday slightly higher, with consumer and technology sector gains offsetting losses in energy. Yet trading volume was relatively light as investors had little reason to make big bets with…

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Rudd’s MarketView for Friday, August 4, 2017

Summary The Dow Jones Industrial Average ended at its eighth straight record high on Friday, with gains in JPMorgan Chase and other banks after data indicated that more jobs than expected were created during the month of July. The strong jobs report is likely to clear the way for the Federal Reserve to announce a…

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Rudd’s MarketView for Thursday, August 3, 2017

Summary The S&P 500 and the Nasdaq fell on Thursday, weighed down by Amazon, Apple and other top-shelf technology stocks, while the Dow Jones Industrial Average edged up to a seventh straight record high. Stocks lost a little ground late in the session after the Wall Street Journal reported that Special counsel Robert Mueller has…

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Rudd’s MarketView for Wednesday, August 2, 2017

Summary The Dow Jones Industrial Average ended the day above the 22,000 mark for the first time on Wednesday, buoyed by Apple’s healthy quarterly iPhone sales, while weakness in other tech stocks held back the Nasdaq and S&P 500. Apple rose 4.73 percent to a record high after the world’s largest publicly listed company reported…

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Is This Monday Night Football or the Stock Market?

Streetwise for Friday, July 28, 2017 Are you confused about what is happening on Wall Street? If you are one, reason could be the continual bombardment of so called, “investment news”. Consider the following description of the Street’s daily activity. No, I did not make any of this up. “The current formation shows how the…

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It’s Been 29 Years

Streetwise for Friday, July 28, 2017 Each year at the end of July, I like to repeat Benjamin Franklin’s rather astute comment that while you may delay, time will not. And with that I also point out that the sands of time have once again marked another year’s anniversary for Streetwise, its 29th as a…

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Rudd’s MarketView for Monday, July 31, 2017

Summary The Dow Jones Industrial Average hit a record closing high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies checked the S&P 500 and pulled the Nasdaq lower. The S&P 500 information technology sector index fell 0.53 percent, with Facebook falling 1.86 percent and Alphabet, Google’s parent company, down…

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Please Vote For Our Southeastern Guide Dog “Happy Returns”

Vote for our Superhero, Happy Returns! We’re proud sponsors of a Superheroes on Parade sculpture for Southeastern Guide Dogs, and we need your vote! At just $1 per vote, you’re supporting the guide dogs and service dogs that transform lives. Vote for Happy Returns and help us be Top Dogs! Please click here to vote.…

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Rudd’s MarketView for Friday, July 28, 2017

Summary The S&P 500 closed out the day on Friday in negative territory in response to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in the shares of tobacco companies. None the less, the S&P 500 is trading at about 18 times earnings estimates for the next 12 months…

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Rudd’s MarketView for Thursday, July 27, 2017

Summary A decline in technology and transportation resulted in some red ink for the S&P 500 index, despite a series of reasonable corporate earnings reports. On the other hand Verizon helped the Dow Jones industrial average set another record high. The Dow Jones Transport Average, often looked at as a gauge of the economy’s health,…

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