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3225 Van Horn Road | Suite 130 | Trenton, MI 48183 | 800-201-1302 | Map/Directions
Trenton



3225 Van Horn Road
Suite 130
Trenton, MI 48183

800-201-1302

Bartley D. Gravelle, CWA®
Senior Vice President
Complex Manager
734/692-5614
BGravelle@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.



On Friday the "fear gauge" known as the CBOE Volatility Index crept to its highest level since Election Day, but investors shrugged off some of their geopolitical jitters and helped US markets into the green. Snap Inc., which owns Snapchat, was off 14 percent after yesterday's quarterly earnings miss. JC Penny shed 4 percent on a weaker than expected second quarterly. Nordstrom Inc. was mostly flat despite besting the street with Q2 results.

The Dow Jones Industrial Average rose 14 points to 21,861 (-1.1 percent for the week), the NASDAQ gained 40 points at 6257 (-1.5 percent for the week), and the S&P 500 was up 3 points at 2441 (-1.4 percent for the week). Dow Transports jumped 79 points to 9199, while the Dow Jones Utility Index lost 4 points at 730. Russell 2000 small caps ended at 1374, up a point. 792 million and 457 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners 15 to 13 on both the NYSE and NASDAQ.

Geopolitical tensions sent Gold for December up 0.3 percent at $1294 per ounce. For the week gold futures rose 2.3 percent. The US dollar was weaker versus major rivals after consumer price index numbers were announced. The CPI gained 1.7 percent "on the year" compared to June's 1.6 percent and economist expectations of 1.8 percent. Excluding energy and food, core inflation was equal to June's read and estimates at 1.7 percent. September WTI crude settled at $48.82 per barrel, up 0.5 for the day but down about 1.5 percent for the week. Recent US treasury yields: 1.3 percent for the 2-year note, 1.7 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. --

The CBOE Volatility Index, otherwise known as the "fear index," rose roughly 42 percent higher on Thursday, as investors worries regarding US/North Korea relations continued to increase. US markets were broadly lower. Dow 30 components Apple and Goldman Sachs led on the downside, off 3 and 2.3 percent, respectively. Better than expected quarterly results didn't help Blue Apron or Kohl's: APRN shares were off 17.6 percent, and KSS shares slid 5.8 percent. Despite Q2 results that beat the street Macy's guidance remained somewhat glum, and shares fell 10.3 percent. Shares of Perrigo Co., on the other hand, gained 15.7 percent on street-estimate-topping earnings for Q2.

The Dow Jones Industrial Average shed 203 points to 21,845, the S&P 500 lost 35 points at 2,438, and the NASDAQ Comp fell 135 points to 6,216. Dow Transports slumped 115 points at 9119, while the Dow Jones Utility Index added almost 2 points at 734. Russell 2000 small caps ended at 1373, off 23 points. 859 million and 544 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outpaced advancers 6 to 1 on the NYSE and 4 to 1 on the NASDAQ.

Geopolitical concerns and investors seemingly watchful ahead of tomorrow's inflation data sent the US dollar lower versus major rivals. Gold futures inversely rose, with Gold for December up 0.8 percent to settle at $1290.10 per ounce. An OPEC report revealed the group's members had rising production in July, and oil prices fell; September WTI crude lost 2 percent, settling at $48.59 per barrel. 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 2.8 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 pulled back on Wednesday on investor jitters regarding geopolitical tensions and earnings results. The CBOE Volatility Index, aka the "fear index," rose 10 percent the day after President Trump tweeted a warning to North Korea stop threatening the US. Shares of Walt Disney Co. were off 3.7 percent after the company reported fiscal third quarter results last night (post market close) that beat analyst estimates. However, the media giant also said it would be creating a streaming service for ESPN in 2018 and a direct-to-consumers Disney platform in 2019 -- so after 2018 its distribution deal with Netflix would therefore end. Netflix shares fell 1.5 percent. Office Depot slid nearly 26 percent after missing street expectations for Q2 profits.

The Dow Jones Industrial Average shed 36.64 points at 22048.70, the NASDAQ gave up 18.13 points at 6352.33, and the S&P 500 lost less than a point at 2474.02. Dow Transports added 2.56 points to 9235.41, while the Dow Jones Utility Index fell 2.79 points at 732.89. Russell 2000 small caps ended at 1396.94, off 13.20 points. 806 million and 503 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outnumbered advancers 5 to 2 on the NYSE and 3 to 1 on the NASDAQ.

The US dollar was weaker versus major currency rivals on Tuesday, but gold futures strengthened. Gold for December settled at $1279.30 per ounce, up 1.4 percent. Oil prices were higher in light of both investor concerns over geopolitics and investor enthusiasm about lower US crude oil inventories for the week of August 4th. September WTI crude settled at $49.56 per barrel, up 0.8 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 2.8 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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