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127 West Berry Street | Suite 800 | Fort Wayne, IN 46802 | 888-468-7864 | Map/Directions
Fort Wayne



127 West Berry Street
Suite 800
Fort Wayne, IN 46802

888-468-7864

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 moved higher today with the Dow, S&P 500, and NASDAQ all closing up on the day. In economic news, the ISH Markit manufacturing PMI moved down to 52.5 in May from 52.8 in April, still signaling that more executives believe business conditions are getting better instead of worse. Markit¿s U.S. services index rose to a four-month high of 54.0 from 53.1 during the same period. New home sales fell to a seasonally adjusted rate of 569,000 in April, which was well short of consensus expectations for 610,000. The March reading for new home sales was revised up to 642,000, the highest since October 2007. Sweet crude for July delivery closed up around 0.8% at $51.57 per barrel.

The Dow Jones Industrials rose 43 points to close at 20,938. The S&P 500 was up 4 points at 2,398. The NASDAQ advanced 5 points to finish the day at 6,139 as the small caps of the Russell 2000 moved 4 points higher to 1,381. Dow Transports were up 45 points to 9,010, while the Dow Utility Index was up 1 points to 711.

Trading volume totaled 767 million shares on the New York Stock Exchange while 432 million shares were exchanged on the NASDAQ. There were slightly less than 3 stocks higher for every 2 lower on the New York Stock Exchange and slightly more than 1 stock advancing for every 1 declining on the NASDAQ. U.S Treasury securities moved lower today with the 5-, 10-, and 30-year yields closing up at 1.83%, 2.29%, and 2.95%, respectively.

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.

The major indices moved higher today with the Dow, S&P 500, and NASDAQ all closing up on the day. In economic news, the Chicago Fed national activity index rose to 0.49 in April from 0.07 in March, marking the highest reading since March 2014. Sweet crude for May delivery closed up around 0.7% at $51.02 per barrel.

The Dow Jones Industrials rose 90 points to close at 20,895. The S&P 500 was up 12 points at 2,394. The NASDAQ advanced 50 points to finish the day at 6,134 as the small caps of the Russell 2000 moved 11 points higher to 1,378. Dow Transports were up 85 points to 8,965, while the Dow Utility Index was up 6 points to 709.

Trading volume totaled 793 million shares on the New York Stock Exchange while 443 million shares were exchanged on the NASDAQ. There were slightly more than 2 stocks higher for every 1 lower on the New York Stock Exchange and slightly less than 2 stocks advancing for every 1 declining on the NASDAQ. U.S Treasury securities moved lower today with the 5-, 10-, and 30-year yields closing up at 1.79%, 2.25%, and 2.91%, respectively.

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 ended the week on a reasonably upbeat note on higher oil prices and with the Dow 30 bolstered by components General Electric and Caterpillar, whose respective shares rose 2 and 2.2 percent on Friday. For the week, the Dow Jones Industrial average shed 0.4 percent, the NASDAQ gave up 0.6 percent, and the S&P 500 declined 0.4. Ross Stores closed up 1.9 percent after the retailer's first quarter earnings and sales results exceeded street expectations. Deere & Co. gained 7.3 percent after beating analyst forecasts for second quarter results. Shares of Campbell's Soup Co. took a 2 percent hit on lower than expected third quarter sales and earnings.

The Dow Jones Industrial Average ended the session Friday at 20804.84, rising 141.82 points, the NASDAQ gained 28.57 points at 6083.70, and the S&P 500 added 16.01 points at 2381.79. The Dow Transports jumped 60.61 points at 8879.19, while the Dow Jones Utility Index rose 2.57 points at 703.27. Russell 2000 small caps ended at 1367.98, up 6.91 points. 1 billion and 546 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers outnumbered decliners on the NYSE 3 to 1 and 9 to 5 on the NASDAQ.

Trader optimism ahead of OPEC's May 25th meeting boosted oil prices, with June WTI crude settling at $50.33 per barrel, higher by 2 percent for the session and up around 5.2 percent for this week. Amidst political uncertainty gold for June delivery added about 2 percent for the week, with the contract inching up less than 1 percent on Friday to settle at $1253.60 per ounce. The dollar lost some ground. The ICE US Dollar Index was off 2.1 percent for the day, and down 0.8 percent for the week. Recent US treasury yields: 1.3 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --

Tech heavyweights Amazon.com, Apple, and Facebook rebounded on Thursday, up 1.5, 1.5, and 1.9 percent, respectively, and helped lift US stock markets in general the day after a decently sized rout. The markets also reacted well to new economic data, including initial jobless claims of 232,000 for the week of May 7th, the second smallest reading in the eight years since the ongoing upturn in the economy began. The Labor Dept. also reported continuing claims for jobless benefits declined to 1.9 million, a level last achieved in 1988. The Philadelphia Fed said May's reading for the current manufacturing activity index rose to 38.8, beating economist forecasts.

The Dow Jones Industrial Average gained 56.09 points at 20663.02, the NASDAQ rose 43.89 points to 6055.13, and the S&P 500 was 8.69 points higher at 2365.72. The Dow Transports added 34.84 points at 8818.58, while the Dow Jones Utility Index were up 2.46 points at 700.70. Russell 2000 small caps ended the session at 1363.18, up 7.48 points. 1 billion and 548 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers narrowly outpaced decliners on the NYSE, and advancers bested decliners on the NASDAQ 4 to 3.

Trader enthusiasm about yesterday's data regarding US crude inventories carried oil prices higher for a second day, with June WTI crude settling at $49.33 per barrel, up 0.5 percent. The US dollar stabilized Wednesday, giving the ICE US Dollar Index a slight boost, while inversely gold for June delivery settled at $1252.80 per ounce, off 0.5 percent. Recent US treasury yields: 1.3 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --

US markets endured a rocky session on Wednesday, with investors seeming to consider whether or not President Trump will be able to proceed with plans to grow the economy in light of a handful of recent political controversies. The CBOE Volatility Index, known as Wall Street's fear gauge, ratcheted up 32 percent for the day. Closing down 3.8 and 5.3 percent, respectively, shares of JPMorgan Chase and Goldman Sachs put a dent in the Dow 30. Shares of Target rose nearly 1 percent after the retailer said first quarter results beat analyst expectations, reporting EPS of $1.23 per share, or $681 million, versus $1.05 per share or $632 million in the prior year period, on sales of $16.02 billion.

The Dow Jones Industrial Average slumped 372.82 points to 20606.93, the NASDAQ lost 158.63 points at 6011.21, and the S&P 500 shed 43.64 points at 2357.03. The Dow Transports slid 279.11 points at 8783.74, while the Dow Jones Utility Index added just over 1 point at 698.24. Russell 2000 small caps ended the session at 1355.89, down 38.79 points. 989 million and 607 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Decliners outnumbered advancers roughly 4 to 1 on both the NYSE and NASDAQ.

Oil prices rose after US Energy Information Administration data showed inventories of domestic crude declined the week of May 7th by 1.8 million barrels. June WTI crude settled at $49.07 per barrel, up 0.8 percent. Investor concerns regarding President Trump sent gold futures higher, with gold for June delivery jumping 1.8 percent, settling at $1258.70 per ounce. The US dollar, which often trades at the inverse of gold, weakened, and the ICE US Dollar Index ended off 0.6 percent. Recent US treasury yields: 1.2 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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