Trading Places with Tom Bowley May 31, 2019 at 09:00 AM
Market Recap for Thursday, May 30, 2019 Dollar General (DG, +7.16%) and Dollar Tree (DLTR, +3.14%) provided a lift to consumer discretionary stocks (XLY, +0.65%) after releasing their latest quarterly results, but PVH Corp (PVH, -14... Read More
Trading Places with Tom Bowley May 30, 2019 at 09:00 AM
Market Recap for Wednesday, May 29, 2019 Trade and growth concerns, along with slumping crude oil prices ($WTIC), were mostly responsible for another bad day on Wall Street. There was across-the-board selling as all of our major indices fell from 0.69% (S&P 500) to 0... Read More
Trading Places with Tom Bowley May 29, 2019 at 09:00 AM
Market Recap for Tuesday, May 28, 2019 U.S. stocks jumped at the open, but then ran into sellers throughout the session... Read More
Trading Places with Tom Bowley May 28, 2019 at 09:00 AM
Market Recap for Friday, May 24, 2019 Before I summarize Friday's numbers, let me first say that the S&P 500 closed near a two-month low while the Volatility Index ($VIX) has been falling as well... Read More
Trading Places with Tom Bowley May 24, 2019 at 09:00 AM
Market Recap for Thursday, May 23, 2019 Energy (XLE, -3.35%) has been a relative laggard for the past 8 years, mostly due to a rising U.S. Dollar Index ($USD). The group took another big blow yesterday as crude oil prices ($WTIC, -5.71%) tumbled and had its worst day of 2019... Read More
Trading Places with Tom Bowley May 23, 2019 at 09:00 AM
Market Recap for Wednesday, May 22, 2019 Our major indices finished with losses on Wednesday, despite strength in defensive sectors. The S&P 500 and Dow Jones held up best, falling just 0.28% and 0.39%, respectively... Read More
Trading Places with Tom Bowley May 22, 2019 at 09:00 AM
Market Recap for Tuesday, May 21, 2019 The U.S. stock market rebounded on Tuesday after a 90 day temporary license was granted by the U.S. Department of Commerce to Huawei, a Chinese multinational telecommunications equipment company. Technology stocks (XLK, +1... Read More
Trading Places with Tom Bowley May 21, 2019 at 08:25 AM
Market Recap for Monday, May 20, 2019 Monday marked another rough May trading day, especially for the NASDAQ, which dropped 1.46%. The other major indices fell, but to a much lesser extent. Technology (XLK, -1.74%) and communication services (XLC, -1... Read More
Trading Places with Tom Bowley May 20, 2019 at 09:00 AM
Market Recap for Friday, May 17, 2019 Friday offered up a mixed bag. Our major indices were either higher or near the flat line with an hour left in the trading day. Then more discussion surfaced that US-China trade talks had stalled. That sent U.S... Read More
Trading Places with Tom Bowley May 17, 2019 at 09:00 AM
Market Recap for Thursday, May 16, 2019 Cisco Systems, Inc. (CSCO, +6.66%) reported its latest quarterly results after the bell on Wednesday, beating both revenue and EPS estimates, and provided a solid outlook. It was just what the telecom equipment group ($DJUSCT, +4... Read More
Trading Places with Tom Bowley May 16, 2019 at 09:01 AM
Market Recap for Wednesday, May 15, 2019 Falling treasury yields put a lid on many industries within financials (XLF, -0.37%), while renewed strength in the U.S. Dollar Index ($USD) kept pressure on materials (XLB, -0.26%)... Read More
Trading Places with Tom Bowley May 15, 2019 at 09:00 AM
Market Recap for Tuesday, May 14, 2019 We've seen little economic or earnings news of late and that's beginning to show in the randomness of the huge S&P 500 moves based on President Trump's tweets regarding US-China trade... Read More
Trading Places with Tom Bowley May 14, 2019 at 09:00 AM
Market Recap for Monday, May 13, 2019 It was a very rough day on Wall Street yesterday. Mondays are historically the worst day of the week, but I doubt too many market participants were expecting the blood bath that we saw... Read More
Trading Places with Tom Bowley May 13, 2019 at 09:00 AM
Market Recap for Friday, May 10, 2019 After another morning of very weak action in U.S. stocks, we saw another afternoon recovery on Friday as all of our major indices finished in positive territory... Read More
Trading Places with Tom Bowley May 10, 2019 at 09:00 AM
Market Recap for Thursday, May 9, 2019 Here's my takeaway from yesterday's action. We had a solid recovery off of earlier intraday lows, but the downtrend remains firmly in place and we need to respect that... Read More
Trading Places with Tom Bowley May 09, 2019 at 09:00 AM
Market Recap for Wednesday, May 8, 2019 It was a much quieter day on Wall Street and it showed across our major indices and sectors. We finished with bifurcated action as the Dow Jones managed to finish with a minor 2 point gain... Read More
Trading Places with Tom Bowley May 08, 2019 at 09:00 AM
Market Recap for Tuesday, May 7, 2019 It was a wicked day on Wall Street. It felt more like December 2018 than May 2019. Volatility surged for a second consecutive day and sellers swamped buyers... Read More
Trading Places with Tom Bowley May 07, 2019 at 09:00 AM
Market Recap for Monday, May 6, 2019 The session got off to a very rough start as global market were hit hard following word that US-China trade talks were off the tracks once again... Read More
Trading Places with Tom Bowley May 06, 2019 at 09:00 AM
Market Recap for Friday, May 3, 2019 April nonfarm payrolls were much stronger than expected, jumping to 263,000 and well ahead of the 180,000 consensus estimate. The unemployment rate fell to 3.6%, the lowest its seen in 50 years... Read More
Trading Places with Tom Bowley May 03, 2019 at 09:00 AM
Market Recap for Thursday, May 2, 2019 Energy (XLE, -1.74%) took yet another tumble on Thursday, which dampened an otherwise decent recovery from intraday morning lows in our major indices. The Dow Jones was the big loser, dropping 0... Read More
Trading Places with Tom Bowley May 02, 2019 at 09:00 AM
Market Recap for Wednesday, May 1, 2019 Fed Chair Jerome Powell ruined the bull market party on Wednesday afternoon, effectively suggesting that the Fed would not be lowering rates in response to low inflation data of late... Read More
Trading Places with Tom Bowley May 01, 2019 at 09:00 AM
Market Recap for Tuesday, April 30, 2019 Alphabet (GOOGL, -7.50%) set the stage for a rough day on the NASDAQ (-0.81%) as the internet giant posted quarterly results that didn't impress Wall Street. The small cap Russell 2000 lost 0.45%, losing ground vs... Read More
