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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.



On the 30th anniversary of the 1987 stock market crash known as Black Monday, the Dow Jones Industrial Average closed at another record high, up 5.44 points at 23163.04. US markets were otherwise mixed on Thursday. The Dow 30 was dampened by component Apple, shares of which were down 2.4 percent as investors considered media stories regarding problems the company's newest Apple Watch appeared to be having in China. Philip Morris's third quarter results fell short of analyst expectations, and shares were off 3.8 percent. United Continental Holdings declined 12 percent, though the company earned more than anticipated in Q3.

The S&P 500 added less than a point at 2562.10, and the NASDAQ Comp slid 19.15 points at 6605.07. Dow Transports shed 13.16 points at 9886.51, the Dow Jones Utility Index gained 8.24 points at 747.86, and the Russell 2000 small caps ended the session 3.10 points lowers at 1502.04. 706 million and 456 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 14 to 13 and by an extremely narrow margin on the NASDAQ.

The US dollar was a little weaker on Thursday, which let Gold for December delivery rise 0.6 percent, settling at $1290 per ounce. Oil prices retreated slightly, with November WTI crude settled at $51.29 per barrel, off 1.4 percent. Recent US treasury yields: 1.5 percent for the 2-year note, 2 percent for the 5-year note, 2.3 percent for the 10-year note, and 2.8 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. --

Shares of Dow Jones Industrial Average component IBM roared up nearly 9 percent on Wednesday, helping the index rally 160.16 points at 23157.60 -- the Dow 30's first close above the 23,000 milepost. For the third quarter IBM earned $2.92 per share or $2.73 billion, besting analyst expectations. The financial sector also helped drive stock prices higher, with shares of Goldman Sachs, Citigroup, and Morgan Stanley up 2.5, 1.3, and 2.1 percent, respectively, for the day.

The S&P 500 rose 1.90 points to 2561.26, and the NASDAQ Comp added less than a point at 6624.22. Dow Transports jumped 75.53 points at 9899.67, the Dow Jones Utility Index shed nearly a point at 739.62, and the Russell 2000 small caps ended the session 7.65 points higher at 1505.14. 679 million and 409 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 14 to 13 and 16 to 13 on the NASDAQ.

The US dollar was mostly flat on Wednesday. Gold for December delivery settled at $1283 per ounce, up 0.3 percent. Geopolitical worries and a fourth consecutive week of lower domestic supplies helped November WTI crude settle at $52.04 per barrel, up 0.3 percent. Recent US treasury yields: 1.6 percent for the 2-year note, 2 percent for the 5-year note, 2.3 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. --

The major indices were mixed today with the Dow and S&P 500 moving slightly higher while the NASDAQ closed down on the day. In economic news, U.S. industrial production rose 0.3% in September after two consecutive months of declines. Import prices increased 0.7% in September primarily on higher fuel prices and industrial supply costs. Home builder sentiment rose to a five-month high in October after pausing during the summer months. Sweet crude for December delivery closed flat at $52.14 per barrel.

The Dow Jones Industrials rose 40 points to close at 22,997. The S&P 500 was up 2 points at 2,559. The NASDAQ was flat at 6,624 as the small caps of the Russell 2000 were down 5 points at 1,497. Dow Transports were down 33 points at 9,824, while the Dow Utility Index advanced 6 points to 741.

Trading volume totaled 691 million shares on the New York Stock Exchange while 394 million were exchanged on the NASDAQ. There were 4 stocks lower for every 3 higher on the New York Stock Exchange and slightly less than 2 stocks declining for every 1 advancing on the NASDAQ.

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 slid into negative territory on Thursday as third quarter earnings season arrived in earnest. Q3 results at financial heavyweights Citigroup and JPMorgan Chase both bested analyst expectations but shares of both declined for the session. Profit warnings sent shares of AT&T, Juniper Networks, and J. Jill lower. In economic news the Bureau of Labor Statistics said its producer price index rose 0.4 percent last month, matching economists' forecasts for September.

The Dow Jones Industrial Average lost 31.88 points at 22841.01, the S&P 500 shed 4.31 points at 2550.93, and the NASDAQ Comp slid 12.04 points at 6591.51. Dow Transports jumped 61.47 points at 10038.13, the Dow Jones Utility Index added 2.42 points at 744.88, and the Russell 2000 small caps ended the session 1.76 points lower at 1505.16. 788 million and 504 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners 15 to 13 on the NYSE, while decliners outpaced advancers on the NASDAQ 16 to 13.

The US dollar mostly treaded water on Wednesday. Gold for December delivery rose 0.6 percent, settling at $1296.50. Traders considered global supplies of crude, which the Intl Energy Agency said were higher for September, and domestic crude stockpiles, which per the US government were lower for the third consecutive week. November WTI crude settled at $50.60 per barrel, off 1.4 percent. Recent US treasury yields: 1.5 percent for the 2-year note, 1.9 percent for the 5-year note, 2.3 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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