Press Room

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.

March 3, 2016

New York, New York – March 3rd, 2016 – Asian markets continued to rally Wednesday after China’s central bank announced an unexpected stimulus measure earlier this week. On Wednesday, the Shanghai Composite Index closed up approximately 4.3 percent, its largest daily percentage gain since last November. Trading volume reached a total of 612.3 billion Yuan, up from 461.8 billion in the previous session. After the Shanghai benchmark plummeted 23.0 percent in January, the Index has begun to show some positive signs, rallying roughly 6.0 percent over the last two days.

March 2, 2016

New York, New York – March 2nd, 2016 – U.S. markets across the board kicked off the month with a bang as more encouraging economic data helped ease fears of an economic slowdown. The Dow Jones Industrial jumped 2.11 percent, while the S&P 500 Index spiked 2.39 percent. “The real world is not as bad as what the market [has been] pricing in,” said portfolio manager Jason Hans Jason Hans at BMO Global Asset Management.

March 2, 2016

New York, New York – March 1st, 2016 – U.S. markets across the board kicked off the month with a bang as more encouraging economic data helped ease fears of an economic slowdown. The Dow Jones Industrial jumped 2.11 percent, while the S&P 500 Index spiked 2.39 percent. “The real world is not as bad as what the market [has been] pricing in,” said portfolio manager Jason Hans Jason Hans at BMO Global Asset Management.

March 1, 2016

New York, New York – March 1st, 2016 – U.S. markets continued their recent rally in early trading Monday, keeping them on track for a monthly gain after a disappointing start to 2016. The Dow Jones Industrial Average is on pace to post a gain of approximately 1.5 percent in February, following a loss of 5.5 percent in January. The recent rally can be attributed to a string of positive economic. On Friday, the Commerce Department reported consumer spending increased 0.5 percent in January, the largest gain in 8 months and a sharp increase from the 0.1 percent gain in December.

March 1, 2016

New York, New York – March 1st, 2016 – U.S. markets continued their recent rally in early trading Monday, keeping them on track for a monthly gain after a disappointing start to 2016. The Dow Jones Industrial Average is on pace to post a gain of approximately 1.5 percent in February, following a loss of 5.5 percent in January. The recent rally can be attributed to a string of positive economic. On Friday, the Commerce Department reported consumer spending increased 0.5 percent in January, the largest gain in 8 months and a sharp increase from the 0.1 percent gain in December.

February 26, 2016

New York, New York – February 26th, 2016 – Strong economic data pushed U.S. markets higher Thursday. The Dow Jones Industrial Average gained 0.80 percent, while the S&P 500 Index posted a gain of 0.64 percent. The Financial Sector led the rally as only 2 out of the 10 sectors in the S&P 500 Index fell Thursday. The Commerce Department reported new orders for durable goods, goods with a lifespan of less than 3 years, spiked a seasonally adjusted 4.9 percent to $237.5 billion in January, when compared to a month ago.

February 26, 2016

New York, New York – February 26th, 2016 – U.S. homebuilders have rallied as the housing market has begun to show signs of stability. The SPDR S&P Homebuilders ETF (NYSEARCA: XHB) has gained over 4.0 percent in the past month. In a recent report, the Federal Housing Finance Agency (FHFA) announced U.S. home prices spiked 5.8 percent year-over-year in the fourth quarter. On a seasonally adjusted basis, prices jumped 1.4 percent when compared to the previous quarter.

February 25, 2016

New York, New York – February 25th, 2016 - Oil & Gas stocks were lifted Wednesday as oil prices spiked, despite new data showing stockpiles rose to a new record high last week. On Wednesday, the Energy Information Administration (EIA) reported inventories increased by 3.5 million barrels to 507.6 million barrels for the week ended February 19th, a record high.

February 25, 2016

New York, New York – February 25th, 2016 – U.S. markets rose Wednesday as a spike in oil prices more than offset losses from the financial sector. The S&P 500’s Financial Sector dropped by as much as 1.4 percent Wednesday before closing down 0.20 for the day. The S&P 500 Index and Dow Jones Industrial Average posted gains of 0.44 percent and 0.32 percent, respectively. The Financial Sector, down 13 percent year-to-date, has surprisingly been the worst performer in the S&P 500 Index.