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109 E Main Street | Midland, MI 48640 | 800-276-0271 | Map/Directions
MIDLAND

109 E Main Street

Midland, MI 48640

800-276-0271

John C. Beery
Senior Vice President
Financial Consultant
800/276-0271
JBeery@hilliard.com

Steven E. Anderson, CFP®
Senior Vice President
Branch Manager
989/790-5724
SAnderson@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 were mixed today with the Dow trading down as the S&P 500 and NASDAQ both closed higher on the day. In economic news, pending home sales surged 5.5% in February to the second-highest level in a decade according to the National Association of Realtors. Sweet crude for May delivery closed up around 2.1% at $49.40 per barrel.

The Dow Jones Industrials fell 42 points to close at 20,659. The S&P 500 was up 3 points at 2,361. The NASDAQ advanced 22 points to finish the day at 5,898 as the small caps of the Russell 2000 moved 4 points higher to 1,371. Dow Transports were down 21 points to 9,075, while the Dow Utility Index was down 3 points to 700.

Trading volume totaled 728 million shares on the New York Stock Exchange while 412 million shares were exchanged on the NASDAQ. There were slightly less than 2 stocks higher for every 1 lower on the New York Stock Exchange and slightly more than 3 stocks advancing for every 2 declining on the NASDAQ. U.S Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 1.93%, 2.38%, and 2.99%, 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 rallied today with the Dow, S&P 500, and NASDAQ all closing higher on the day. In economic news, home prices hit a 31-month high in January as measured by the Case-Shiller index. The U.S. trade deficit fell nearly 6% in February. Sweet crude for May delivery closed up around 1.3% at $48.35 per barrel.

The Dow Jones Industrials rose 151 points to close at 20,702. The S&P 500 was up 17 points at 2,359. The NASDAQ advanced 35 points to finish the day at 5,875 as the small caps of the Russell 2000 moved 9 points higher to 1,366. Dow Transports were up 162 points to 9,097, while the Dow Utility Index was up 1 points to 703.

Trading volume totaled 924 million shares on the New York Stock Exchange while 456 million shares were exchanged on the NASDAQ. There were slightly less than 3 stocks higher for every 1 lower on the New York Stock Exchange and slightly more than 3 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 1.96%, 2.42%, and 3.02%, 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 were mixed today with the Dow and S&P 500 closing slightly lower as the NASDAQ posted a gain on the day. There were no major economic data releases today. Sweet crude for May delivery closed down around 0.4% at $47.78 per barrel.

The Dow Jones Industrials fell 46 points to close at 20,551. The S&P 500 was down 2 points at 2,342. The NASDAQ advanced 12 points to finish the day at 5,840 as the small caps of the Russell 2000 moved 4 points higher to 1,358. Dow Transports were up 6 points to 8,935, while the Dow Utility Index was down 4 points to 702.

Trading volume totaled 825 million shares on the New York Stock Exchange while 431 million shares were exchanged on the NASDAQ. There was 1 stock lower for every 1 higher on the New York Stock Exchange and slightly less than 5 stocks advancing for every 4 declining on the NASDAQ. U.S Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 1.92%, 2.38%, and 2.98%, 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.

Volatility increased on Friday as investor worries about an Obamacare-replacement bill vote in the US House of Representatives seemed to grow. For the week the Dow Jones Industrial Average, S&P 500, and NASDAQ were lower by 1.5, 1.4, and 1.2 percent, respectively. The Commerce Dept. said US durable goods orders in February were up 1.7 percent, beating economist expectations. Micron Technology shares gained over 7 percent after reporting better than expected earnings last night. The company reported fiscal Q2 revenue of $4.65 billion, up 58 percent over the prior year period.

The DJIA lost 59.86 points at 20596.72. The S&P 500 was down 1.98 points at 2343.98, while the NASDAQ added 11.04 points to 5828.74. The Dow Jones Utility Index rose 3.20 points to 705.95, and the Dow Transports gave up 7.37 points to 8928.78. Russell 2000 small caps ended the session at 1356.26, rising 2.83 points. 791 million and 490 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers outpaced decliners on the NYSE 15 to 13 and 4 to 3 on the NASDAQ.

Investor concerns regarding the Congressional health care vote helped the US dollar drift lower, with the ICE Dollar Index off 0.2 percent to 99.60. The weaker dollar helped gold futures achieve a 1.5 gain for the week. Gold for April delivery settled at $1248.50 per ounce Friday, up 0.1 percent for the session. May WTI crude settled at $47.97 per barrel, up 0.6 percent for the day, but lost around 1.7 percent for the week. Recent Treasury yields: 1.3 percent for the 2-year note, 1.9 percent for the 5-year note, 2.4 percent for the 10-year note, and 3.0 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. --

US stock markets endured a volatile session Thursday as investors considered a delay on a health-care bill vote from the US House of Representatives. Downside was partially offset by strength in the financial sector. Ford Motor Co. shares declined nearly 1 percent after the automaker cautioned profits this year are anticipated to be lower, forecast to come in at approximately $9 billion in 2017, compared to 2016's $10.4 billion, as a result of investments in new initiatives. Discount retailer Five Below Inc. beat street expectations, reporting fiscal Q4 earnings of $49.8 million versus $42 million in the prior year period. The company is also planning 100 new store openings this year, and shares rose almost 11 percent in today's trading.

The Dow Jones Industrial Average lost 4.72 points at 20656.58, the S&P 500 gave up 2.49 points at 2345.96, and the NASDAQ fell 3.95 points to 5817.69. The Dow Jones Utility Index shed 1.87 points at 702.75, while the Dow Transports dropped 51.04 points at 8936.15. Russell 2000 small caps ended the session at 1353.19, up 7.58 points. 804 million and 433 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers outpaced decliners on the NYSE 9 to 5 and on the NASDAQ nearly 2 to 1.

The US dollar struggled again versus the pound and the yen on concerns about the House's delayed health-care legislation. The ICE Dollar Index rose a modicum to 99.75. Gold for April delivery lost a little ground, giving up 0.2 percent and settling at $1247.20 per ounce. Worries regarding an overabundance of supplies at the global level kept oil prices in the red again Thursday. May WTI crude settled at $47.70 per barrel, off 0.7 percent. Recent Treasury yields: 1.3 percent for the 2-year note, 1.9 percent for the 5-year note, 2.4 percent for the 10-year note, and 3.0 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. --

US stock markets struggled to gain traction on Wednesday, lead by weakness in the Financial and Energy sectors. Nike shares lost 7 percent after the company gave a lukewarm sales forecast, citing stronger competition. The sportswear maker reported fiscal Q3 EPS of $0.68, or $1.14 billion, compared to $0.55 or $950 million in the prior year period, on revenue of $8.43 billion, which fell just shy of street expectations. Shares of Sears Holdings Corp. were down 12 percent after the retailer expressed worries regarding its ability to continue if a turnaround plan was not successful. The National Association of Realtors reported February's existing-home sales fell 3.7 percent from January. Versus February 2016, inventories were down 6.4 percent and median home prices were up 7.7 percent.

The Dow Jones Industrial Average fell 6.71 points at 20661.30, while the S&P 500 added 4.43 points to 2348.45 and NASDAQ gained 27.82 points at 5821.64. The Dow Jones Utility Index rose 3.46 points to 704.62, and the Dow Transports jumped 56.53 points to 8987.19. Russell 2000 small caps ended the session at 1345.09, down 1.43 points. 898 million and 467 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers bested decliners on the NYSE 15 to 13, while on the NASDAQ decliners outpaced advancers 17 to 12.

The US dollar was shaky again Wednesday, particularly versus the yen, with the ICE Dollar Index down 0.2 percent. Gold for April delivery, alternately, rose 0.3 percent, settling at $1249.70 per ounce. For the week ended March 17th crude supplies were shown to have risen to 533.1 million barrels, a record, but the same data from the US Energy Information Administration also showed inventories of gasoline were lower by 2.8 million barrels. May WTI crude settled at $48.17 per barrel, down $0.07. Recent Treasury yields: 1.3 percent for the 2-year note, 1.9 percent for the 5-year note, 2.4 percent for the 10-year note, and 3.0 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.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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