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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 stocks markets ended mostly higher Wednesday as investors digested news from the Federal Reserve's FOMC meeting and comments from Fed Chairwoman Janet Yellen. The Fed said a reduction in its asset portfolio of $4.5 trillion would begin in October "gradually and predictably," per Yellen. Interest rates were not changed, meeting expectations. An increase of the fed funds rate in December seems to still be likely.

The Dow 30 gained 41 points at 22412 and the S&P 500 added nearly 2 points at 2508 (yet another record close for both), while the NASDAQ Comp shed 5 points at 6456. Dow Transports soared 147 points at 9654, the Dow Jones Utility Index slid 5 points at 731, and Russell 2000 small caps ended the session 5 points higher at 1445. 836 million and 507 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 4 to 3 and roughly 17 to 13 on the NASDAQ.

The US dollar strengthened versus major rivals in light of the Fed leaving interest rates unchanged for now. Gold for December delivery rose 0.4 percent, settling at $1316.40 per ounce. US/Iran tensions and traders anticipating an upcoming extension of OPEC's production cuts sent oil prices higher, with October WTI crude up 1.9 percent, settling at $50.41 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 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. --

US markets were mostly higher on Tuesday. The Dow Jones Industrial Average closed at its 41st record high in 2017, the S&P 500 booked its 36th record high close for the year and the NASDAQ Comp accomplished its 49th. The financial sector helped stocks on the upside -- in particular, insurance led, with shares of Allstate Corp. and Progressive Corp. rising 0.7 and 2.8 percent, respectively. The Federal Reserve's 2-day policy meeting began today; economists are anticipating the Fed will complete the specifics of how to wind down their balance sheet of $4.5 trillion. August's housing starts fell 0.8 percent, coming in at a 1.18 million annual rate compared to July's 1.19 million. New home permits rose 5.7 percent in August; the 1.3 million rate matches January's number.

DJIA gained 39 points at 22370, the S&P 500 added 2 points at 2506, and the NASDAQ rose 6 points at 6461. Dow Transports lost 7 points at 9507, the Dow Jones Utility Index slid 2 points to 736, and Russell 2000 small caps ended the session down less than a point at 1440. 808 million and 450 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 14 to 13, while decliners just barely bested advancers and on the NASDAQ

The ICE US Dollar Index lost a little ground at 91.78, off 0.3 percent. Gold for December delivery settled at $1310.60 per ounce, slipping $0.20. October WTI crude traded down 0.9 percent, settling at $49.48 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --

US markets started the week mostly in the green, with the Dow Jones Industrial Average and S&P 500 setting new record high closes at 22331 (up 63 points) and 2503 (up 3 points), respectively. The NASDAQ Comp added 6 points to 6454. Dow 30 components General Electric and Caterpillar helped that index on the upside, rising 2.3 and 2 percent, respectively. The trajectory for the markets for the next couple of months could be set by any news that arises from this week's two-day Federal Reserve Federal Open Market Committee meeting, which begins tomorrow.

Dow Transports slid 31 points at 9514, the Dow Jones Utility Index shed 7 points at 738, and Russell 2000 small caps ended the session at 1441, up 9 points. 821 million and 471 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 4 to 3 and on the NASDAQ 3 to 2.

The ICE US Dollar Index crept higher on Monday, while Gold for December delivery lost 1.1 percent, settling at $1,310.80 per ounce. October WTI crude was up under 0.5 percent, settling at $49.91 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --

US markets' three main benchmarks ended a mostly strong week at another set of record highs. The Dow Jones Industrial Average gained 64 points at 22267, the NASDAQ Comp added 19 points at 6448, and the S&P 500 inched up 4 points at 2500. For the week in the indices were higher by 2.2, 1.4, and 1.6 percent, respectively. Shares of Dow 30 component Boeing Co. rose 1.6 percent following a price target increase from a Wall Street firm. Other notable advancers for the day included Advanced Micro Devices, up 2.1 percent, and Nvidia Corp., up 6.3 percent.

Dow Transports jumped 36 points to 9546, the Dow Jones Utility Index was up 1 point at 746, and Russell 2000 small caps ended the session 6 points higher at 1431. 2.1 billion and 1.2 billion shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 9 to 5 and 17 to 12 on the NASDAQ.

The ICE US Dollar Index traded down 0.3 percent for the day, but for the week rose about 0.6 percent. Gold futures lost some ground, with Gold for December delivery settling at $1325.20 per ounce, down 0.3 percent for the session and 1.9 percent for the week. Oil prices rose for the week on traders anticipating global supplies declined on higher demand in August. October WTI crude settled at $49.89 per barrel, unchanged for the day and up 5.1 percent for the week. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --

US markets were mixed on Thursday, though the Dow Jones Industrial Average notched its third record high close in a row. The S&P 500 was pressured by consumer stocks such as Kroger, down 2 percent, and Tiffany's, off 4.8 percent, though somewhat tempered by gains in energy stocks as October West Texas Intermediate crude settled at $49.89 per barrel, up 1.2 percent. October WTI had an intraday high of $50.50 per barrel, its first climb past $50 since the end of July. Investors also considered better than anticipated economic reads. Per MarketWatch, "A reading on consumer prices, known as the consumer-price index, showed an increase of 0.4 percent in August, beating consensus estimates for a rise of 0.3 percent, while first-time jobless claims last week came in at 284,000, versus forecasts for 300,000."

DJIA added 45.30 points at 22203.48, the NASDAQ shed 31.10 points at 6429.08, and the S&P 500 lost 2.75 points at 2495.62. Dow Transports dipped 21.28 points at 9509.77, the Dow Jones Utility Index gained 6.32 points at 745.03, and Russell 2000 small caps were off 2.59 points at 1424.33. 856 million and 457 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 15 to 13; on the NASDAQ decliners outpaced advancers 16 to 13.

Despite the CPI and weekly jobless claims both beating street expectations, the ICE US Dollar Index fell 0.2 percent to 92.31. Gold for December delivery rose a scant 0.1 percent, settling at $1329.30 per ounce. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --
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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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