Monthly Archives: May 2016

Your Thursday Market Blip 5/5/16

Stocks traded mixed today with the Dow up and the NASDAQ down. At the close the Dow posted a 9 point gain to 17,660 lighter trading volume. Another day….another moment of disruption. Tesla reported earnings last night and the big stunner from the call came when Elon Musk said the company plans to be at…
Read more

Your Wednesday Market Blip 5/4/16

Stocks are in limbo as the Dow took another beating by falling 99 points to close at 17,651. Trading volume was very light. Utilities were market leaders today and the NASDAQ is off 5% from recent highs. Speaking of utilities, Spokane based Avista reported first quarter earnings that benefitted from higher margins thanks to some…
Read more

Your Tuesday Market Blip 5/3/16

Stocks retreated today as the Dow fell 140 points on fears of slowing global economic growth to close at 17,750. Trading volume was higher suggesting the big boys were sellers. The cause of all the ruckus today seems to have begun in China when Caixin Insight Group reported its latest Chinese manufacturing (PMI) index reading.…
Read more

Your Monday Market Blip 5/2/16

Food, Internet retail and steel stocks drove markets higher today despite lower-than-expected US manufacturing data. The Dow steamrolled the May Day anti-capitalism crowd as Monday’s session closed up 117 at 17,891. Trading volume today however was low. The ISM manufacturing index fell from 51.8 to 50.8 in March coming in below forecasts. The positive takeaway…
Read more