Daily Market Update for 10/15

Retail Sales jumped 0.7% in September compared to analysts’ expectation for a decline. That gave a massive boost to Consumer Discretionary stocks while the Financial sector topped a week of positive earnings reports with a huge beat from Goldman Sachs.

Daily Market Update for 10/14

Even today’s worst-performing sector gained over one percent, marking a very bullish day with gains broad across the market. The Nasdaq had a 1.4 advance/decline ratio , while the New York Stock Exchange recorded a ratio of 3.6 advancers to decliners.

Daily Market Update for 10/13

Investors moved past inflation data to mark a day of gains in the market, but caution was present with defensive sectors outperforming. There were no surprises in the Fed’s meeting minutes that confirmed a start to bond purchase tapering in November.

Daily Market Update for 10/4

Rising Treasury Yields in the morning had investors exiting positions in Big Tech and Growth stocks, sending indexes lower for another day. However, OPEC held its position on a gradual increase in output despite an energy crunch, and they are still predicting higher demand in the coming months.