202 South College Avenue | Bloomington, IN 47404 | 800-790-6333 | Map/Directions
Bloomington



202 South College Avenue
Bloomington, IN 47404

800-790-6333

Jeff Main, AAMS®
Senior Vice President
Branch Manager
765/349-0247
JMain@hilliard.com

Welcome to Hilliard Lyons

When you partner with Hilliard Lyons, you have the comfort of knowing that your Financial Consultant will guide you toward a portfolio appropriate for you. The experience of your Hilliard Lyons Financial Consultant will keep you focused on long-term goals, regardless of which way the market is moving at the moment.

Hilliard Lyons' Financial Consultants do not take a packaged approach to investing. They are committed to finding the most appropriate investments for you. Toward this end, we encourage you to ask questions of our Financial Consultants and to field questions from them. They are trained to raise issues that may not be obvious on the surface. We invite you to call or email us today to find out how we can help you accomplish your financial objectives.

Daily Market Comment

Daily Market Recap -


Updated Each Business Day at Approximately 4:30 pm ET.



The major indices reversed course with the Dow surging more than 600 points. Gains accelerated late in the session, breaking the recent trend of stocks selling off heading into the closing bell. Today's gains in the major indices were the largest in 4 years but comes on the heels of six days of volatility and heavy losses. The New York Federal Reserve President made some dovish comments noting downside risks to the economy in light of slowing economic activity in China and lower commodity prices. Still, domestic economic indicators continue to be mostly upbeat. July's durable goods orders rose 2 percent versus expectations for a decline of 0.6 percent.

The Dow recovered 619 points to 16,285. The NASDAQ rallied 191 points to 4697. The S&P 500 recouped 72 points to 1940. The small caps of the Russell 2000 surged 28 points to 1132. The Dow Transports expanded 215 points to 7682. The Dow Utility Index ascended 9 points to 566.

Trading remained above average on the New York Stock exchange with more than 1.3 billion shares trading hands. On the NASDAQ, a more typical level of 684 million shares were exchanged. Advancers ousted decliners by a 4 to 1 margin while there were about 3 winners for every 1 loser on the NASDAQ. U.S. Treasury securities moved lower among mid and long-dated issues as investors rotated back into equities.

Clients with questions concerning this Afternoon Comment are advised to contact Dendra Lambert at: 1-800-444-1854 x1239 or (502) 588-1239. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

Another volatile session concludes with the major indices again selling off heading into the closing bell. A 661 point price swing pushed the Dow up as much as 441 before it slid into negative terrain in the final hour of trading to close down 204 points. Earlier in the session investors were encouraged by upbeat domestic economic data on housing and consumer confidence. Likewise, a German export index improved. However, China's key stock index, the Shanghai Composite Index, slid another 7.6 percent. Furthermore, the Chinese Central Bank lowered interest rates and lowered its reserve requirement ratio by 50 basis points.

The Dow surrendered another 204 points to 15,666. The NASDAQ retreated 19 points further to 4506. The S&P 500 dropped another 25 points to 1867. The small caps of the Russell 2000 lost 7 points to 1104. The Dow Transports contracted 128 points to 7466. The Dow Utility Index unwound 16 points to 557.

Trading volume was lighter than yesterday but was still strong relative to typical summer trading levels. More than 1.2 billion shares traded on the New York stock exchange while 703 million shares were exchanged on the NASDAQ. Decliners outnumbered advancers by a 4 to 3 margin on the New York Stock Exchange while losers held a small advantage over winners on the NASDAQ. U.S. Treasury securities moved lower among mid and long-dated issues. The 10-year note closed at 2.11 percent.

Clients with questions concerning this Afternoon Comment are advised to contact Dendra Lambert at: 1-800-444-1854 x1239 or (502) 588-1239. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices plunged Monday morning with the Dow Industrials down more 1,000 points shortly after markets opened. By mid-day equities had erased the vast majority of losses but another late-day sell-off sent major US indices down to close more than 3.5 percent lower on the session. Today's declines were broad-based with all 10 major S&P 500 sectors in negative terrain on heavy volume. A sell-off in International markets, particularly China whose primary stock index sank another 8.5 percent, again spilled over to domestic markets. Concerns about slowing macroeconomic conditions in China have caused investors to worry about stocks with exposure to the World's second largest economy. Commodities and energy sector stocks again paced losses.

The Dow retreated 588 points to 15,871. The NASDAQ retrenched 179 points to 4526. The S&P 500 sank another 77 points to 1893. The small caps of the Russell 2000 dropped 45 points to 1111. The Dow Transports contracted 276 points further to 7595. The Dow Utility Index relinquished 24 points to 573.

Trading volume was much stronger than is typical for a summer Monday. There were more than 1.6 billion shares traded on the New York stock exchange while more than a billion shares were exchanged on the NASDAQ. There were an astounding 23 stocks lower for every 1 higher on the New York Stock Exchange while than NASDAQ fared relatively better with 10 stocks losing ground for every 1 stock heading higher. U.S. Treasury securities again benefited from the extreme volatility in equity markets as the investment class continued to edge higher. The 10-year note closed at 2.02 percent.

Clients with questions concerning this Afternoon Comment are advised to contact Dendra Lambert at: 1-800-444-1854 x1239 or (502) 588-1239. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

Global equity sell-off puts several of the major US indices in correction territory. Both the large capitalization Dow Industrials and the small capitalization Russell 2000 ended more than 10 percent below their annual highs. News that China's manufacturing sector lost momentum validated fears that the world's second largest economy was weakening. Selling pressure again accelerated late in the session as all 10 of the major S&P 500 economic sectors lost ground. Oil prices fell below the $40 per barrel level for the first time since the financial crisis. Next week investors will get some top tier US economic data including Gross Domestic Product, housing data, consumer sentiment and durable goods orders. Most recent US economic data has showed steady improvement.

The Dow plunged another 530 points to 16,459. The NASDAQ sank 171 points to 4706. The S&P 500 surrendered 64 points further to 1970. The small caps of the Russell 2000 retreated 15 points to 1156. The Dow Transports contracted 220 points to 7872. The Dow Utility Index gave up 6 points to 597.

Trading volume was strong as the increased market volatility coincided with stock and bond option and futures expirations. There were more than 1.3 billion shares traded on the New York stock exchange while 769 million shares were exchanged on the NASDAQ. Losers crushed winners by more than a 6 to 1 margin while the advance decline line was relatively better among the tech-laden NASDAQ at 2 to 1 in favor of losers. U.S. Treasury securities continued to benefit from the added volatility in equity markets with mid and long-dated issues moving higher. Have a good weekend!

Clients with questions concerning this Afternoon Comment are advised to contact Dendra Lambert at: 1-800-444-1854 x1239 or (502) 588-1239. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

Stocks took a hit with the Dow Jones Industrial Average posting losses of more than 350 points. International markets moved lower after China's Shanghai Composite Index dropped another 3.4 percent. The major US indices suffered losses of 2-3 percent with selling pressure intensifying heading into the closing bell. Commodity prices weakened further with sweet crude for October delivery falling 49 cents to $40.79 per barrel.

The Dow sank 358 points to 16,990. The NASDAQ plunged 141 points to 4877. The S&P 500 receded 43 points to 2035. The small caps of the Russell 2000 faltered 30 points to 1172. The Dow Transports unwound 207 points to 8092. The Dow Utility Index shed 3 points to 604.

Trading volume totaled 927 million on the New York stock exchange while 508 million shares were exchanged on the NASDAQ. There was nearly 6 times as many losers compared to winners on both the New York Stock Exchange and NASDAQ. U.S. Treasury securities moved higher across the board across the board as investors rotated out of equities and into fixed income government securities.

Clients with questions concerning this Afternoon Comment are advised to contact Dendra Lambert at: 1-800-444-1854 x1239 or (502) 588-1239. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.
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