Press Room

March 31, 2016

New York, New York – March 31st, 2016 – Dovish comments made by Federal Reserve Chairwoman Janet Yellen continued to push markets higher Wednesday, marking the fourth day of consecutive gains. The Dow Jones Industrial Average gained 0.51 percent to close at 17,723.44, while the S&P 500 Index increased 0.55 percent to close at 2,066.41. The CBOE Volatility Index, which measures the market's expectation of stock market volatility over the next 30-day period, declined 1.8 percent Wednesday, the lowest it’s been since October 28th.

March 30, 2016

New York, New York – March 30th, 2016 – The markets spiked Tuesday after comments made by Federal Reserve Chair Janet Yellen hinted at a cautious approach to interest rate hikes. "Given the risks to the outlook, I consider it appropriate for the Committee to proceed cautiously in adjusting policy," Yellen commented to the Economic Club of New York.

March 24, 2016

New York, New York – March 24th, 2016 - The NASDAQ Composite Index in still in the red this year, while the Dow Jones Industrial Average and the S&P 500 Index have managed to fight their way back into positive territory. The NASDAQ Composite Index is down approximately 4.7 percent year-to-date, while the Dow Jones and S&P 500 Index are up 0.45 percent and down 0.35 percent, respectively.

March 23, 2016

New York, New York – March 22nd, 2016 - Stock markets sunk in early trading Tuesday after news broke of terrorist attacks at an international airport and a metro station in Brussels killing at least 31 people. The S&P 500 Index declined 0.3 percent in early trading, while the Europe Stoxx 600 fell 0.7 percent. “The impact of terror attacks on the market has always faded over time,” said Bill Stone, chief investment strategist at PNC Asset Management.

March 22, 2016

New York, New York – March 22nd, 2016 - Apple and its chip suppliers have garnered increased attention amongst investors with the recent unveiling of the new iPhone and iPad Pro. On Monday, the tech giant released the specs for the iPhone SE, a 4-inch device that is a cheaper option to iPhone 6S and 6S Plus, which will sell for $399 to $499. According to Apple, the company has sold 30 million 4-inch iPhones last year. The new iPhone will begin shipping on March 31st.

March 21, 2016

New York, New York – March 21st, 2016 – After a plummeting to start the year, U.S. markets have rallied approximately 12.0 percent from their mid-February lows. On Friday, the major indexes closed up for the fifth consecutive week. The Dow Jones Industrial Average gained 0.57 percent to close up 0.9 percent year-to-date, while the S&P 500 Index increased 0.29 percent to close up 0.12 percent year-to-date.

March 18, 2016

New York, New York – March 18th, 2016 - Oil & Gas stocks outpaced the broader markets Thursday as prices for the commodity topped $40.00 a barrel for the first time since December 7th. The iShares U.S. Oil & Gas Exploration & Production ETF (NYSEARCA: IEO) gained 1.58 percent, while the Dow Jones Industrial Average and S&P 500 Index posted gains of 1.06 percent and 0.77 percent respectively. “For now, the market is staying well supported, and the dollar is providing additional support,” said Olivier Jakob, oil analyst at Petromatrix.

March 8, 2016

New York, New York – March 8th, 2016 – U.S. markets continued to rally Monday after the recent U.S. jobs report eased investors’ fears of a recession in 2016. The Dow Jones gained 0.34 percent to close at 17,064.16, closing above the 17,000 level for the first time in almost two months. On Friday, the Labor Department reported nonfarm payrolls grew by 242,000 in February, up from a 172,000 increase in January, and topping economists’ expectations of a 200,000 increase. Additionally, the unemployment rate in the U.S came in at a stable 4.9 percent.

March 8, 2016

New York, New York – March 8th, 2016 – The Dow Jones Industrial Average continued to rally Monday after the recent U.S. jobs report eased investors’ fears of a recession in 2016. The Dow Jones gained 0.34 percent to close at 17,064.16, closing above the 17,000 level for the first time in almost two months. The Dow has posted weekly gains for three consecutive weeks and is up over 5.0 percent in the past month.

March 4, 2016

New York, New York – March 4th, 2016 – U.S. markets held steady Thursday as investors awaited Friday’s job report. The Dow Jones Industrial Average gained 0.09 percent, while the S&P 500 Index gained 0.17 percent. The Labor Department reported nonfarm payrolls increased by a 151,000 jobs last month, which was well below the average monthly gain of 228,000. The monthly jobs report is a key factor in the Federal Reserve’s decision on whether or not to raise short term interest rates. “The evidence seems to be that the U.S.