110 Main Street | P.O. Box 98 | Evansville, IN 47708 | 888-426-1481 | Map/Directions
Evansville



110 Main Street
P.O. Box 98
Evansville, IN 47708

888-426-1481

Alan H. Newman, CWA®
Senior Vice President
Regional Manager
Phone: 812/426-1481
ANewman@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.



The major indices, rebounding from early morning lows, remained fairly flat but closed lower for the day as investors remain cautious of risky assets amidst political instability in Ukraine and Gaza. The National Association for Business Economics released data showing that 43% of economists surveyed said their firms had increased wages within the last quarter. That number is up from 19% in the year ago period, displaying a faster pace of wage growth pressures as the economy recovers.

The Dow Jones Industrials lost 48 points to 17,052. While the S&P 500 dropped by 5 points to 1,974, the NASDAQ was down 7 to 4,425, and small caps of the Russell 2000 were down 5 points to 1,147. Dow Transports were down 25 to 8,361, while the Dow Utility Index moved fractionally lower to 559.

Volume totaled 541 million shares on the New York Stock Exchange while 398 million shares were exchanged on the NASDAQ. On the New York Stock Exchange, there were nearly 7 declining issues for every 4 advancing. On the NASDAQ, there were around 8 declining issues for every 5 advancing. The 5-year U.S. Treasury note yield remained flat for the day, closing at 1.68%. The 10-year note yield dropped 2 basis points to close at 2.47%, while the 30-year bond yield lost 4 basis points to 3.26%.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8446 or (502) 588-8446. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices had a strong advance today following yesterday's declines as technology and consumer finance stocks led the way. In U.S. economic news, July's consumer sentiment index from the University of Michigan and Thomson Reuters fell to 81.3 from 82.5 in June. The consensus estimate for July was 83. The leading economic indicator index rose by 0.3% in June to 102.2, pointing towards a strengthening of the U.S. economy in the second half of the year.

The Dow Jones Industrials gained 123 points to 17,100. While the S&P 500 rose by 20 points to 1,978, the NASDAQ was up 69 to 4,432, and small caps of the Russell 2000 were up around 18 points to 1,151. Dow Transports were up 106 to 8,385, while the Dow Utility Index gained 6 points to 559.

Volume totaled 757 million shares on the New York Stock Exchange while 529 million shares were exchanged on the NASDAQ. On the New York Stock Exchange, there were about 5 advancing issues for every 1 declining. On the NASDAQ, there were around 4 advancing issues for every 1 declining. U.S. Treasury Securities' yields rose among mid- and long-dated issues. The 5-year note yield gained 5 basis points to close at 1.68%. Both the 10-year note and 30-year bond yields gained 3 basis points to finish the day at 2.49% and 3.3%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8446 or (502) 588-8446. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices retreated after a commercial plane was reportedly shot down in the Ukraine. Oil prices climbed above $100 per barrel. Some disappointing earnings news also contributed to the sell-off. In other corporate news, Microsoft announced it will cut 18,000 jobs as it integrates the Nokia business it acquired in April. Investors made a flight to quality into US government securities and gold as geopolitical tensions escalated. In economic news, weekly jobless claims fell. However, June's reading on housing starts slumped to its slowest pace in 9 months.

The Dow Jones Industrials surrendered 161 points to 16,976. The S&P 500 unwound 23 points to 1958. The NASDAQ erased 62 points to 4363. The small caps of the Russell 2000 lost 17 points to close at 1133. The Dow Transports gave up 118 to 8279 while the Dow Utility Index dropped 5 points to 553.

About 704 million shares were traded on the New York Stock Exchange while 537 million shares were exchanged on the NASDAQ. Losers bested winners by about a 4 to 1 margin on both the New York Stock Exchange and NASDAQ. US Treasury Securities moved higher across the board.

Clients with questions concerning this Afternoon Comment are advised to contact Dendra Lambert at: 1-800-444-1854 x1239 or (502) 588-1239. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices climbed higher as earnings news and M&A activity continued to be announced. In economic news, the producer price index rose by 0.4% in June, led by the largest increase in gasoline prices since the fall of 2012. Economists had forecasted a 0.3% increase in the index. Industrial production rose 0.2% in June, falling short of 0.3% expectations as capacity utilization remained at 79.1%, also under its 79.2% estimate. The housing market index increased by 4 points to 53 in July, reaching its highest level since January. The Federal Reserve published its latest Beige Book, stating that the economy is expanding at a modest pace. Consumer spending, manufacturing expansion, and job growth are on the rise in all Fed districts according to the release.

The Dow Jones Industrials gained 77.5 points to 17,138. While the S&P 500 rose by 8 points to 1,982, the NASDAQ was up nearly 10 points to 4,426, and small caps of the Russell slipped by 2 points to 1,151. Dow Transports were up 52 to 8,397, while the Dow Utility Index gained 3 points to 559.

Volume totaled 675 million shares on the New York Stock Exchange while 513 million shares were exchanged on the NASDAQ. On the New York Stock Exchange, there were almost 5 advancing issues for every 4 declining. On the NASDAQ, there were just under 7 declining issues for every 5 advancing. The 5-year U.S. Treasury note yield gained 1 basis point to close at 1.7%. The 10-year note and 30-year bond yields both lost 3 basis points to end the day at 2.53% and 3.35%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8446 or (502) 588-8446. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices remained fairly flat today after the Federal Reserve expressed concern about the valuations of social media and biotechnology companies being high. The market was propped up by banks, including JPMorgan Chase & Co. and Goldman Sachs which outperformed following the release of strong quarterly results. In economic news, retails sales grew at the slowest pace in five months, rising by 0.2% in June and missing expectations of a 0.6% rise. The import price index rose by 0.1% in June, largely attributed to the rise in fuel costs according to the U.S. Labor Department. The Empire State manufacturing survey was up from 19.3 to 25.6 in July, the highest since April 2010. Business inventories rose by 0.5% in May, matching the market forecast.

The Dow Jones Industrials gained 5 points to 17,061. While the S&P 500 dropped by 4 points to 1,973, the NASDAQ was down 24 to 4,416, and small caps of the Russell slipped by 12 points to 1,154. Dow Transports were up 32 to 8,345, while the Dow Utility Index gained 3 points to 556.

Volume totaled 731 million shares on the New York Stock Exchange while 465 million shares were exchanged on the NASDAQ. On the New York Stock Exchange, there were about 19 declining issues for every 10 advancing. On the NASDAQ, there were more than 5 declining issues for every 2 advancing. U.S. Treasury Securities' yields remained flat among mid- and long-dated issues. The 5-year note yield rose by 2 basis points to 1.69%. The 10-year note and 30-year bond yields were both flat on the day, closing at 2.55% and 3.37%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8446 or (502) 588-8446. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.
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