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202 South College Avenue | Bloomington, IN 47404 | 812-332-6333 | Map/Directions
BLOOMINGTON


202 South College Avenue
Bloomington, IN 47404

812-332-6333

Jeff Main, AAMS®
Senior Vice President
Branch Manager
812/332-6333
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 continued to move higher today with the Dow, S&P 500, and NASDAQ all closing up on the day. In economic news, the trade deficit for goods rose to $67.6 billion in April from $65.1 billion in March. Economists had expected a trade deficit of $64 billion. Weekly initial jobless claims inched 1,000 higher to 234,000 for the seven days ending May 20th. Sweet crude for July delivery closed down around 5.4% at $48.61 per barrel.

The Dow Jones Industrials rose 71 points to close at 21,083. The S&P 500 was up 11 points at 2,415. The NASDAQ advanced 42 points to finish the day at 6,205 as the small caps of the Russell 2000 moved 1 point higher to 1,384. Dow Transports were up 141 points to 9,164, while the Dow Utility Index was up 5 points to 720.

Trading volume totaled 814 million shares on the New York Stock Exchange while 444 million shares were exchanged on the NASDAQ. There were slightly more than 1 stock higher for every 1 lower on both the New York Stock Exchange the NASDAQ. U.S Treasury securities were flat today with the 5-, 10-, and 30-year yields closing at 1.79%, 2.26%, and 2.92%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8686 or (502) 588-8686. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices continued to move higher today with the Dow, S&P 500, and NASDAQ all closing up on the day. In economic news, Federal Reserve officials mostly agreed that the central bank should end the reinvestment of principal of maturing securities in slow, increasing stages instead of asset sales to begin unwinding the Fed¿s balance sheet, according to minutes released from the FOMC¿s May meeting. The pace of existing home sales declined 2.3% from March to a seasonally adjusted rate of 5.57 million, essentially in line with consensus expectations for a 5.60 million pace. Sweet crude for July delivery closed down around 0.3% at $51.32 per barrel.

The Dow Jones Industrials rose 75 points to close at 21,012. The S&P 500 was up 6 points at 2,404. The NASDAQ advanced 24 points to finish the day at 6,163 as the small caps of the Russell 2000 moved 3 points higher to 1,384. Dow Transports were up 13 points to 9,023, while the Dow Utility Index was up 5 points to 715.

Trading volume totaled 797 million shares on the New York Stock Exchange while 422 million shares were exchanged on the NASDAQ. There were slightly less than 4 stocks higher for every 3 lower on the New York Stock Exchange and slightly more than 1 stock advancing for every 1 declining on the NASDAQ. U.S Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 1.79%, 2.26%, and 2.93%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8686 or (502) 588-8686. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices moved higher today with the Dow, S&P 500, and NASDAQ all closing up on the day. In economic news, the ISH Markit manufacturing PMI moved down to 52.5 in May from 52.8 in April, still signaling that more executives believe business conditions are getting better instead of worse. Markit¿s U.S. services index rose to a four-month high of 54.0 from 53.1 during the same period. New home sales fell to a seasonally adjusted rate of 569,000 in April, which was well short of consensus expectations for 610,000. The March reading for new home sales was revised up to 642,000, the highest since October 2007. Sweet crude for July delivery closed up around 0.8% at $51.57 per barrel.

The Dow Jones Industrials rose 43 points to close at 20,938. The S&P 500 was up 4 points at 2,398. The NASDAQ advanced 5 points to finish the day at 6,139 as the small caps of the Russell 2000 moved 4 points higher to 1,381. Dow Transports were up 45 points to 9,010, while the Dow Utility Index was up 1 points to 711.

Trading volume totaled 767 million shares on the New York Stock Exchange while 432 million shares were exchanged on the NASDAQ. There were slightly less than 3 stocks higher for every 2 lower on the New York Stock Exchange and slightly more than 1 stock advancing for every 1 declining on the NASDAQ. U.S Treasury securities moved lower today with the 5-, 10-, and 30-year yields closing up at 1.83%, 2.29%, and 2.95%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8686 or (502) 588-8686. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices moved higher today with the Dow, S&P 500, and NASDAQ all closing up on the day. In economic news, the Chicago Fed national activity index rose to 0.49 in April from 0.07 in March, marking the highest reading since March 2014. Sweet crude for May delivery closed up around 0.7% at $51.02 per barrel.

The Dow Jones Industrials rose 90 points to close at 20,895. The S&P 500 was up 12 points at 2,394. The NASDAQ advanced 50 points to finish the day at 6,134 as the small caps of the Russell 2000 moved 11 points higher to 1,378. Dow Transports were up 85 points to 8,965, while the Dow Utility Index was up 6 points to 709.

Trading volume totaled 793 million shares on the New York Stock Exchange while 443 million shares were exchanged on the NASDAQ. There were slightly more than 2 stocks higher for every 1 lower on the New York Stock Exchange and slightly less than 2 stocks advancing for every 1 declining on the NASDAQ. U.S Treasury securities moved lower today with the 5-, 10-, and 30-year yields closing up at 1.79%, 2.25%, and 2.91%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8686 or (502) 588-8686. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

US markets ended the week on a reasonably upbeat note on higher oil prices and with the Dow 30 bolstered by components General Electric and Caterpillar, whose respective shares rose 2 and 2.2 percent on Friday. For the week, the Dow Jones Industrial average shed 0.4 percent, the NASDAQ gave up 0.6 percent, and the S&P 500 declined 0.4. Ross Stores closed up 1.9 percent after the retailer's first quarter earnings and sales results exceeded street expectations. Deere & Co. gained 7.3 percent after beating analyst forecasts for second quarter results. Shares of Campbell's Soup Co. took a 2 percent hit on lower than expected third quarter sales and earnings.

The Dow Jones Industrial Average ended the session Friday at 20804.84, rising 141.82 points, the NASDAQ gained 28.57 points at 6083.70, and the S&P 500 added 16.01 points at 2381.79. The Dow Transports jumped 60.61 points at 8879.19, while the Dow Jones Utility Index rose 2.57 points at 703.27. Russell 2000 small caps ended at 1367.98, up 6.91 points. 1 billion and 546 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers outnumbered decliners on the NYSE 3 to 1 and 9 to 5 on the NASDAQ.

Trader optimism ahead of OPEC's May 25th meeting boosted oil prices, with June WTI crude settling at $50.33 per barrel, higher by 2 percent for the session and up around 5.2 percent for this week. Amidst political uncertainty gold for June delivery added about 2 percent for the week, with the contract inching up less than 1 percent on Friday to settle at $1253.60 per ounce. The dollar lost some ground. The ICE US Dollar Index was off 2.1 percent for the day, and down 0.8 percent for the week. Recent US treasury yields: 1.3 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 percent for the 10-year note, and 2.9 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --
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 Securities and Advisory Services offered by J. J. B. Hilliard, W.L. Lyons, LLC, A Registered Broker Dealer and Investment Advisor, Member NYSE / FINRA / SIPC. Trust Services are offered through Hilliard Lyons Trust Company, LLC, an affiliate of J. J. B. Hilliard, W.L. Lyons, LLC. Hilliard Lyons does not offer legal, accounting or tax advice. You should consult your own tax or legal counsel prior to making any decision that may affect your tax or legal situation. To understand how Hilliard Lyons is compensated for its services, please click here.

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