Market Roundup: Friday’s Gains Were Not Enough to Erase the Week’s Losses

Despite being closed Monday in honor of the President’s Day holiday, stocks got off to a great start on Tuesday after being beaten down on a global economic slowdown. The S&P 500 rallied to its biggest two-session gain since August as investors piled into Financial and Technology stocks and sold off other “safer” asset classes such as gold and treasury bonds. Oil prices fell despite Saudi Arabia, Russia, Qatar and Venezuela saying they wouldn’t increase crude oil output above January levels. All three major indices closed the day more than 1% higher. The rally carried over into Wednesday partially due to a recovery in oil prices and positive economic data, which included an uptick in the Producer Price Index and positive industrial production data. Stocks fell for the first time in three sessions on Thursday due to tepid earnings and declines in Energy stocks. Investors remained apprehensive that global economic concerns could spill over into the U.S. Oil prices also fell as U.S. inventory data showed another increase in stockpiles of crude. Stocks finished mixed on Friday, the markets second-lowest volume day of the year, but positive for the week with the Dow, Nasdaq and S&P 500 all up more than 2.5% for the week. Friday’s drop came as an indication that investors still want to see more positive economic data before piling further into stocks.

Money Talks – February 13, 2016

This week on “Money Talks,” Certified Public Accountant Dan DiLuzio joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the week’s market movements, December’s international and wholesale trade, as well as interest rates and what an inverted yield curve may mean for the economy. They also cover how earnings season is panning out for the S&P as a whole. In this week’s case study, Dan DiLuzio, C.P.A., helps the hosts delve into S-Corps, looking at how profits are taxed, how owners should pay themselves, and how distributions can create a tax savings. The experts also answer listeners’ questions on energy infrastructure company Kinder Morgan, what a family needs to know about the Nanny Tax, and Barclay’s Capital High Yield Bond ETF.

Money Talks – February 6, 2016

This week on “Money Talks,” Managing Associate, D.J. Barker, CWS®, joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss how oil prices have affected both the world’s and the United States’ economies, the market’s reaction to economic data from China and how the higher Fed Funds rate hasn’t produced the expected results. They also touch on several economic reports, including Personal Income, the ISM Manufacturing and Nonmanufacturing indices, Productivity and Costs and the bump in jobless claims. In this week’s case study, our experts also explore ways to save for retirement when an investor doesn’t have a 401(k) available. In addition, the hosts answer listeners’ questions on Williams Partners LP and the companies sponsoring and advertising during the Big Game. 

Market Roundup: Markets Down about 3% on Oil Prices and Negative Economic Reports

The week began with a tumble in oil prices and more signs of economic weakness in China, which resulted in modest losses for most of the trading session. However, stocks pushed higher in the last hour of trading to close the day nearly flat. U.S. and European stock indices fell sharply on Tuesday, and buyers sought safe-haven government bonds after another tumble in oil prices. Additionally, Energy stocks retreated after reporting less-than-optimum earnings details. Wednesday proved to be another day saved by a late session rally. The Dow staged a rebound from early low levels to close higher. The S&P 500 landed in the green while the NASDAQ shed some points. The Institute for Supply Management showed a downtick to 53.5 in January from 55.8 in December, marking the slowest pace for services industry activity since February 2014. Stocks climbed on Thursday despite volatile trading. Labor Department data showed initial jobless claims increased by 8,000 to 285,000 last week, while continuing claims decreased by 18,000 to 2.255 million. Non-farm business productivity slipped 3% in the fourth quarter of 2015, versus a 2.1% uptick in the third quarter. Technology stocks led the way down on Friday as stocks traded lower on a variety of economic news. The economy added fewer jobs than expected in January. Payrolls increased by 151,000 versus an anticipated addition of 190,000, while the unemployment rate ticked down to 4.9%.