Mixed Results

Indices ended the session mixed on Thursday. The Dow closed fractionally in the red while the S&P 500 and Nasdaq traded into green territory. Moves were mixed on a variety of economic news. Initial jobless claims ticked up last week. Labor Department figures showed first-time claims increased by 53,000 to 253,000 in the week ended…

Stocks Step Up

Indices closed in green territory on Wednesday. Stocks including Apple and Boeing climbed on favorable earnings and Federal Reserve commentary. The Federal Open Market Committee left its target rate unchanged at 2.25% to 2.5%. Policymakers pledged “patience” when it comes to future monetary policy, following four rate boosts in 2018. On another note, Microsoft reported…

Mixed Moves

Indices ended trading mixed on Tuesday. The Dow added some points while the S&P 500 and Nasdaq closed in the red zone. Brands including, Apple, CH Robinson, 3M and Verizon reported stronger-than-estimated earnings. On another note, consumer confidence declined in January. Sentiment dipped 6.4 points this month to 120.2. Looking ahead, Microsoft, Tesla, and Facebook…

Stocks Slip

Indices landed in red territory on Monday. Stocks dipped on a variety of economic news. Caterpillar led decliners on the Dow. The construction and manufacturing giant shed 9.13% today after reporting weaker-than-expected fourth-quarter earnings and issuing a lower-than-anticipated profit outlook for the year. Looking ahead, Apple is set to release quarterly figures after the closing…

Money Talks – January 26, 2019

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Tax and Business Consultant Jessie Thomas, CPA, and Managing Associate K.C. Smith, CFP®, CEPA to discuss year-to-date sector performance, December existing home sales, and mortgage applications. Jessie shares some of the common triggers for audits and some insight as to how the IRS determines who to audit. The experts also answer listeners’ questions on developing a business budget, industrial company Parker-Hannifin, and tax filing statuses.