Check the background of this financial professional on FINRA's BrokerCheck.
333 West Louis Glick Highway | PO Box 904 | Jackson, MI 49201 | 800-310-6634 | Map/Directions
Jackson



333 West Louis Glick Highway
PO Box 904
Jackson, MI 49201

800-310-6634

Steven E. Anderson, CFP®
Senior Vice President
Branch Manager
989/790-5724
SAnderson@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 markets mostly held on to positive, if choppy, territory until late in the session Wednesday. Dow 30 components Boeing and Procter & Gamble declined 1 and 2.5 percent, respectively, after revenues at each fell short of street consensus estimates for the first quarter. Earnings season continued in full force; Twitter, Chipotle Mexican Grill, Arconic Inc., and Anthem Inc. were among the stocks whose share prices were boosted today by expectation-topping quarterly results. US Treasury Secretary Steven Mnuchin and National Economic Director Gary Cohn presented an outline of President Trump's tax reform goals, with more specific details to come at a later date.

The Dow Jones Industrial Average gave up 21.03 points at 20975.09, the NASDAQ was off less than a point at 6025.23, and the S&P 500 lost 1.16 points at 2387.45. The Dow Jones Utility Index shed 3.25 points at 705.17, while the Dow Transports slumped 81.68 points to 9167.74. Russell 2000 small caps ended the session at 1419.84, up 8.76 points. 962 million and 474 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers bested decliners on the NYSE 4 to 3, and 17 to 11 on the NASDAQ.

The ICE US Dollar Index gained 0.2 percent at 98.97 after the tax reform announcement brought few unexpected plans. Gold for June delivery settled at $1264.20 per ounce, down 0.2 percent. Data from the US government showed a third week of lower crude supplies, but enthusiasm was tempered by a rise in gasoline and distillates inventories, and oil prices fell, with June WTI crude settling at $49.62 per barrel, off 0.1 percent. Treasury prices fell and yields rose narrowly. Recent US treasury yields: 1.3 percent for the 2-year note, 1.8 percent for the 5-year note, 2.3 percent for the 10-year note, and 3.0 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. --

On Tuesday US markets were lifted by investor enthusiasm regarding a slew of quarterly earnings releases. The Dow Jones Industrial Average was bolstered by components Caterpillar, McDonald's, and DuPont, which all beat street estimates and closed up 7.9, 5.5, and 3.6 percent, respectively. Additionally, Goldman Sachs shares closed up 1.5 percent, with the company perhaps benefitting today from increasing expectations of further federal interest rate hikes later this year. The Dow 30 ended at 20996.12, up 232.23 points.

Upbeat earnings also benefitted the NASDAQ Comp, which climbed past the 6,000 milestone in early trading and closed at a record high of 6025.49, up 41.67 points. The S&P 500 added 14.46 points at 2388.61. The Dow Jones Utility Index gave up less than a point at 708.42, and the Dow Transports shed 33.57 points at 9249.42. Russell 2000 small caps ended the session at 1411.75, higher by 13.80 points. 927 million and 462 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers outpaced decliners on both the NYSE and NASDAQ roughly 2 to 1.

Ahead of any announcement of tax reform plans from President Trump, the US dollar strengthened more versus the yen but had a harder time versus the euro, and the ICE Dollar Index was down 0.3 percent at 98.77. Gold futures lost a bit of luster, with gold for June delivery settling at $1267.20 per ounce, off 0.8 percent. June WTI crude settled at $49.56 per barrel, a modest 0.7 percent higher. US treasury yields rose as prices dropped slightly. Recent yields: 1.3 percent for the 2-year note, 1.6 percent for the 5-year note, 2.3 percent for the 10-year note, and 3.0 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 stock markets started the week with investor enthusiasm following the first round of France's presidential election, in which centrist Emmanuel Macron advanced to the final round of voting on May 7th. The Dow Jones Industrial Average was boosted by financials JPMorgan Chase and Goldman Sachs Group, which closed up 3.5 and 3 percent, respectively. The Financial Times reported Albertsons was considering a Whole Foods takeover bid, sending Whole Foods shares 2 percent higher. Shares of Hasbro climbed 5.9 percent after the toy maker said its net earnings rose to $48.8 million, or $0.54 per share, in Q1'17, on revenue of $849.7 million, beating street expectations.

The Dow 30 rallied 216.13 points to 20703.89, the S&P 500 gained 25.46 points to 2374.15, and the NASDAQ added 73.30 points at 5983.82. The Dow Jones Utility Index was 3.02 points higher at 709.03, while the Dow Transports jumped 149.18 points to 9282.99. Russell 2000 small caps ended the session at 1398.23, up 18.37 points. 906 million and 467 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers bested decliners on both the NYSE and NASDAQ 5 to 2.

Investor relief over the French election added strength to the US dollar versus the yen, but put gold futures in the red. Gold for June delivery settled at $1277.50 per ounce, down 0.9 percent. Oil futures were dampened by concerns over increasing US production and, according to MarketWatch, "the ability of OPEC to achieve an extension of a program of production curbs." June WTI crude settled at $49.23 per barrel, off 0.8 percent. Recent Treasury yields: 1.2 percent for the 2-year note, 1.8 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. --

Investors seemed buoyed by earnings season on Thursday, and US markets traded broadly higher. The Dow Jones Industrial Average was helped by better than anticipated results from component American Express, which closed up almost 6 percent for the session. The credit card company reported its Q1'17 net income was $1.34 per share of $1.2 billion, compared to $1.45 per share or $1.4 billion in the prior year period. The Dept. of Labor said continuing jobless claims in April declined 49,000 to 1.98 million. There were 244,000 initial jobless claims for the week of April 9th, an increase of 10,000 over the week of April 2nd.

The Dow 30 jumped 174.22 points at 20578.71, the S&P 500 added 17.67 points at 2355.84, and the NASDAQ gained 53.74 points at 5916.78. The Dow Jones Utility Index was off 2.78 points at 701.20, while the Dow Transports climbed 149.78 points to 9126.13. Russell 2000 small caps ended the session at 1384.15, up 17.01 points. 865 million and 446 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers bested decliners on both the NYSE and NASDAQ 5 to 2.

The US dollar gained some ground versus the yen, but geopolitical concerns put gold futures higher as well. Gold for June delivery settled at $1283.80 per ounce, up $0.40. Oil prices were lower again today, with May WTI crude settling at $50.27 per barrel, down 0.3 percent. Recent 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. --

IBM shook the Dow Jones Industrial Average on Wednesday after a quarterly earnings miss reported post-session yesterday. For Q1'17, IBM saw revenue of $18.16 billion, compared to $18.7 billion in the first quarter of 2016; the street had estimated revenue of $18.4 billion. IBM closed off nearly 5 percent at $161.68. Lower oil prices pressured the energy sector and, in turn, the Dow 30, with Chevron and Exxon Mobil shares closing down 1.4 and 0.7 percent, respectively. Investors also had the Federal Reserve's Beige Book to digest today. The report, about the mid February to late March period, noted, "Labor markets remained tight" and "On balance, prices rose modestly since the previous report," among other comments.

The Dow 30 lost 118.79 points at 20404.49, the S&P 500 fell 4.02 points at 2338.17, and the Dow Jones Utility Index declined 3.82 points at 703.98. The NASDAQ rose 13.56 points to 5863.03, the Dow Transports climbed 43.25 points to 8976.35, and the Russell 2000 small caps ended the session at 1367.20, up 5.31 points. 821 million and 433 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Decliners outpaced advancers 15 to 13 on the NYSE, while advancers bested decliners on the NASDAQ 17 to 12.

Gold futures fell as the US dollar strengthened. Gold for June delivery settled at $1283.40 per ounce, down 0.8 percent. At 99.716 the ICE US Dollar Index was 0.2 percent higher. A surprise increase in weekly US gasoline supplies sent oil prices lower, with May WTI crude settling at $50.44 per barrel, down 3.8 percent. Recent Treasury yields: 1.2 percent for the 2-year note, 1.7 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. --
Tell A Friend Tell A Friend
 
 
 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.

Third Party Web Sites – We may link to or provide access to other web sites or services from other companies or organizations. You agree that we are not responsible for, and do not control those web sites or services.
 


Check the background of this financial professional on FINRA's BrokerCheck.