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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 reached record levels once again as the Dow, S&P 500 and NASDAQ all posted gains on the day likely on the back of tax reform progress. In economic news, the Fed reported that industrial production rose for the third straight month increasing 0.2% in November, although only half as much as forecasted; U.S. factories are at their highest capacity in two and a half years. Sweet crude for February delivery closed up 0.44% at $57.33 per barrel.

The Dow Jones Industrials increased 135 points to close at 24,643. The S&P 500 was up 22 points at 2,674. The NASDAQ rose by 74 points to finish the day at 6,930 as the small caps of the Russell 2000 were also up by 23 points at 1,530. Dow Transports were up 60 points to 10,388, while the Dow Utility Index was up 2 points to 753.

Trading volume totaled 2,421 million shares on the New York Stock Exchange while 1,469 million were exchanged on the NASDAQ. There were slightly less than 9 stocks higher for every 4 lower on the New York Stock Exchange and slightly more than 16 stocks higher for every 7 lower on the NASDAQ. U.S Treasury securities were mixed today as the 5-year moved lower with yields closing up at 2.16%, the 10-year closed flat, while the 30-year moved higher with yields closing down at 2.68%.

Clients with questions concerning this Afternoon Comment are advised to contact Jack Hellige at: 1-800-444-1854 x8641 or (502) 588-8641. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices were down today as the Dow, S&P 500 and NASDAQ all were in the red. In economic news, initial U.S. jobless claims fell by 11,000 to 225,000, which is slightly above the post-recession low and much lower than economists¿ expectations; layoffs are around a 45-year low and the 4.1% unemployment rate is the lowest in almost 17 years. Retail sales were up 0.8% in November, twice as much as prior forecasts, driven primarily by online sales. Sweet crude for February delivery closed up 0.87% at $57.08 per barrel.

The Dow Jones Industrials decreased 77 points to close at 24,509. The S&P 500 was down 11 points at 2,652. The NASDAQ declined by 19 points to finish the day at 6,857 as the small caps of the Russell 2000 were also down by 18 points at 1,507. Dow Transports were down 71 points to 10,328, while the Dow Utility Index was about flat.

Trading volume totaled 814 million shares on the New York Stock Exchange while 532 million were exchanged on the NASDAQ. There were slightly less than 2 stocks lower for every 1 higher on the New York Stock Exchange and slightly more than 9 stocks lower for every 4 higher on the NASDAQ. U.S Treasury securities were mixed today as the 5-year moved lower with yields closing up at 2.14%, the 10-year closed flat, while the 30-year moved higher with yields closing down at 2.71%.

Clients with questions concerning this Afternoon Comment are advised to contact Jack Hellige at: 1-800-444-1854 x8641 or (502) 588-8641. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

US stocks ended mostly higher on Wednesday. The Dow 30 closed at its fourth record high in a row. As expected, the Federal Reserve did raise interest rates by 25 basis points; the Fed still anticipates three interest rate hikes next year. Additionally, the Fed increased its 2018 growth target for US gross domestic product from 2.1 percent to 2.5 percent. The US dollar weakened versus major rivals after the Fed announcements.

The DJIA gained 80.63 points at 24585.43 and the NASDAQ Comp rose 13.48 points at 6875.80, while the S&P 500 lost 1.26 points at 2662.85. Dow Transports added 31.07 points at 10398.98, the Dow Jones Utility Index was higher by 2.19 points at 750.50, and Russell 2000 small caps ended the session at 1524.45, up 8.33 points. 875 million and 522 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers outnumbered decliners on the NYSE 4 to 3 and 3 to 2 on the NASDAQ.

Gold for February delivery was stronger after the Fed's news; the contract settled up 0.6 percent at $1248.60 per ounce. January WTI crude gave up 1 percent, settling at $56.60 per barrel, as traders considered the monthly data from OPEC (output of crude was shown to be at a six-month low) and weekly data about US crude supplies (down, though concerns remain regarding increasing production). US treasury yields decreased. Recent yields: 1.78 percent for the 2-year note, 2.11 percent for the 5-year note, 2.35 percent for the 10-year note, and 2.73 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 stocks were mixed on Tuesday, though yet again the Dow Jones Industrial Average and S&P 500 closed at record highs. Gains were led by the telecom and financial sectors, with tech, utilities, and energy trending in the red. The Federal Reserve's Open Market Committee began its two-day meeting; investors and analysts anticipate the third interest rate hike of the year will be announced at tomorrow's meeting.

The DJIA jumped 118.77 points at 24504.80 and the S&P 500 rose 4.12 points at 2664.11, while the NASDAQ Comp lost 12.76 points at 6862.32. Dow Transports edged down 2.92 points at 10367.91, the Dow Jones Utility Index lost 14.28 points at 748.31, and Russell 2000 small caps ended the session 3.72 points lower at 1516.12. 855 million and 482 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Decliners outpaced advancers on the NYSE 15 to 13 and 16 to 13 on the NASDAQ.

Stronger producer-price index data helped power the US dollar higher versus major rivals. Gold futures weakened, with gold for February delivery settling off 0.4 percent at $1241.70 per ounce. January WTI crude gave up 1.5 percent, settling at $57.14 per barrel. Recent US treasury yields: 1.83 percent for the 2-year note, 2.17 percent for the 5-year note, 2.40 percent for the 10-year note, and 2.77 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 stocks kicked off the week mostly in the green, with the Dow Jones Industrial Average and S&P 500 once again closing at record highs. The NASDAQ Comp ended shy of its record high close by less than one percentage point. Investors are looking forward to Wednesday's Federal Reserve decision regarding interest rates. Futures for virtual currency bitcoin began trading late yesterday.

The DJIA gained 56.87 points at 24386.02, the S&P 500 added 8.49 points at 2659.99, and the NASDAQ Comp rose 35 points to 6875.08. Dow Transports shed 31.68 points at 10370.83, the Dow Jones Utility Index were up 4.90 points at 762.59, and Russell 2000 small caps ended the session 1.89 points lower at 1519.84. 782 million and 471 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 15 to 13, and decliners outpaced advancers on the NASDAQ 17 to 14.

The US dollar mostly weaker versus major rivals. Gold for February delivery settled down 0.1 percent at $1246.90 per ounce. January WTI crude settled up 1.1 percent at $57.99 per barrel. Recent US treasury yields: 1.82 percent for the 2-year note, 2.16 percent for the 5-year note, 2.39 percent for the 10-year note, and 2.78 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 stocks finished the week on a strong note, with the Dow Jones Industrial Average and S&P 500 ending at new record highs. Investors reacted positively to 228,000 new jobs created in November (per the Labor Dept.), which bested economist expectations for the monthly read. Wages were up by 0.2 percent and the unemployment rate remained 4.1 percent. Additionally, investors seemed bolstered by a short-term funding bill approved by both houses of Congress last evening, which thereby curtailed this weekend's potential government shutdown.

The DJIA rallied 117.68 points at 24329.16, the S&P 500 gained 14.52 points at 2651.50, and the NASDAQ Comp added 27.24 points to 6840.08. Dow Transports jumped 41.12 points to 10402.51, the Dow Jones Utility Index rose 2.51 points at 757.69, and Russell 2000 small caps ended the session 14.52 points higher at 1521.72. 740 million and 459 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on both the NYSE and NASDAQ roughly 17 to 12.

The US dollar was volatile post-payroll data, with the ICE Dollar Index edging up 1 percent at 93.89. Gold for February delivery settled down 0.4 percent at $1248.40 per ounce. Oil prices rose, with January WTI crude settling up 1.2 percent at $57.36 per barrel. Recent US treasury yields: 1.79 percent for the 2-year note, 2.14 percent for the 5-year note, 2.38 percent for the 10-year note, and 2.77 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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