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300 West Vine Street | Suite 1100 | Lexington, KY 40507 | 800-944-2663 | Map/Directions
Lexington



300 West Vine Street
Suite 1100
Lexington, KY 40507

800-944-2663

Stephen L. Grossman, CWA®
Senior Vice President
Complex Manager
859/255-9681
SGrossman@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.



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. --

US stocks finished in the green on Thursday, a day ahead of the monthly jobs report and as investors considered tax reform. Sectors leading on the upside included industrials and materials, as well as tech, with the latter helped by shares of Google, up 1.2 percent, and Facebook, up 2.3 percent. For the week of November 26th there were 236,000 initial jobless claims in the US, slightly fewer than economists had expected.

The DJIA gained 70.57 points at 24211.48, the S&P 500 added 7.71 points at 2636.98, and the NASDAQ Comp rose 36.47 points to 6812.84. Dow Transports soared 133.58 points to 10361.39, the Dow Jones Utility Index gained 2.05 points at 755.18, and Russell 2000 small caps ended the session 11.59 points higher at 1520.47. 824 million and 505 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on both the NYSE and NASDAQ roughly 9 to 5.

The US dollar weakened versus major rivals. Gold for February delivery settled down 1 percent at $1253.10 per ounce. Oil prices rose, with January WTI crude settling up 1.3 percent at $56.69 per barrel. Recent US treasury yields: 1.80 percent for the 2-year note, 2.13 percent for the 5-year note, 2.36 percent for the 10-year note, and 2.76 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 Wednesday. Energy sector shares led on the downside in response to declining crude oil prices. Technology shares, up 0.8 percent, led the way into the green. The DJIA lost 39.73 points at 24140.91, the S&P 500 was off less than a point at 2629.27, and the NASDAQ Comp added 14.16 points at 6776.38.

Dow Transports slid 1.22 points to 10227.81, the Dow Jones Utility Index gained 2.51 points at 753.13, and Russell 2000 small caps ended the session 7.88 points lower at 1508.88. 801 million and 488 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outpaced advancers on the NYSE 4 to 3 and on the NASDAQ nearly 2 to 1.

The US dollar edged up versus major rivals, in particular the Canadian dollar; the ICE Dollar Index added another 0.2 percent to 93.57. Gold for February delivery settled up less than 0.2 percent at $1266.10 per ounce. Oil prices trended lower, with January WTI crude settling down 2.9 percent at $55.96 per barrel. Recent US treasury yields: 1.81 percent for the 2-year note, 2.13 percent for the 5-year note, 2.34 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. --

Tuesday saw US stocks end in broadly negative territory, with the telecom, utility, and industrial sectors leading on the downside. Toll Brothers missed analyst expectations for fiscal fourth quarter results; shares of the home builder were off 7.2 percent, and shares of peers PulteGroup Inc. and Lennar Corp. fell 2.7 and 1.5 percent, respectively. Regal Entertainment Group rose 9.5 percent after the company announced it would be acquired by Cineworld Group PLC, a British movie theatre operator. G-III Apparel Group and AutoZone Inc. both gained on better than anticipated quarterly results.

DJIA slid 109.41 points to 24180.64, the S&P 500 was down 9.87 points at 2629.57, and the NASDAQ Comp lost 13.15 points at 6762.21. Dow Transports dropped 139.55 points to 10229.03, the Dow Jones Utility Index fell 12.10 points to 750.62, and Russell 2000 small caps ended the session 14.72 points lower at 1517.70. 886 million and 751 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outpaced advancers on the NYSE 9 to 5 and on the NASDAQ nearly 2 to 1.

The British pound's slump helped strengthen the US dollar; the ICE Dollar Index added 0.2 percent to 93.39. Inversely, gold fell to its lowest settlement since early August, with the February contract settling at $1264.90 per ounce, off 1 percent. January WTI crude settled up 0.3 percent at $57.62 per barrel. Recent US treasury yields: 1.82 percent for the 2-year note, 2.14 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. --
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