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1000 Ashland Drive Suite 305 | Ashland, KY 41101 | 800-745-6133 | Map/Directions
ASHLAND
1000 Ashland Drive Suite 305
Ashland, KY 41101

800-745-6133

Richard P. Reames, CWA®
Senior Vice President
Branch Manager
Phone: 606/324-6133
RReames@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.



To end the week US stocks were in the red, for the most part, as investors digested tax reform uncertainty and media reports regarding subpoenas related to Special Counsel Mueller's Russia probe. Shares of Foot Locker jumped 28.4 percent and shares of Hibbett Sports were 15.2 percent higher after each company bested street expectations for quarterly results. Tesla gained 0.8 percent following last night's launch of Semi, a big rig that's semi-autonomous and electric. There were media reports Verizon and Comcast are considering acquiring part(s) of 21st Century Fox; shares of VZ and FOXA were up 1.5 and 6.2 percent, respectively, while CMCSA lost 2.5 percent.

On Friday the DJIA lost 100.12 points to 23358.24 (down 0.3 percent for the week), the S&P 500 was off 6.79 points at 2578.85 (down 0.1 percent for the week), and the NASDAQ Comp fell 10.50 points to 6782.79 (up 0.5 percent for the week). Dow Transports slid 110 points at 9483.09, the Dow Jones Utility Index lost 6.11 points at 758.08, and the Russell 2000 small caps ended the session 5.94 points higher at 1482.82. 875 million and 524 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 9 to 5 and on the NASDAQ 3 to 2.

December WTI crude rose 2.6 percent, settling at $56.55 per barrel. The US dollar was weaker versus major rivals. Gold for December delivery edged up another 1.4 percent and settled at $1296.50 per ounce. US treasury yields were mostly lower. Recent yields: 1.72 percent for the 2-year note, 2.05 percent for the 5-year note, 2.34 percent for the 10-year note, and 2.78 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. --

A tax bill expected to lead to corporate tax cuts was passed by the House of Representatives today and investors reacted positively to the news, sending US markets higher. The Dow Jones Industrial Average was also helped by better than expected earnings results from components Wal-Mart Stores and Cisco Systems, which closed up 10.9 and 5.2 percent, respectively. Earnings season continued elsewhere: JM Smucker and NetApp also bested street expectations with their quarterly results, and shares rose 9.6 and 15.9 percent, respectively.

The DJIA rallied 187.08 points to 23458.36, the S&P 500 added 21.02 points at 2585.64, and the NASDAQ Comp gained 87.08 points to 6793.29. Dow Transports jumped 152.22 points at 9593.09, the Dow Jones Utility Index lost 3.03 points at 764.19, and the Russell 2000 small caps ended the session 22.71 points higher at 1486.81. 776 million and 501 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 3 to 1 and on the NASDAQ 11 to 4.

Increasing US crude supplies and domestic production and an outlook for decreased global demand weighed on oil prices, with December WTI crude down 0.3 percent, settling at $55.14 per barrel. The US dollar was slightly stronger versus major rivals after the House of Representative's tax bill passing. Gold for December delivery edged up to settle at $1278.20 per ounce. US treasury yields increased. Recent yields: 1.71 percent for the 2-year note, 2.07 percent for the 5-year note, 2.37 percent for the 10-year note, and 2.82 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 Wednesday Lower oil prices helped lead US markets into the red for another session. The US Energy Information Administration said supplies of domestic crude (for the week ended November 10th) increased a larger than expected 1.9 million barrels. Today December WTI crude fell 0.7 percent, settling at $55.33 per barrel. Investors also considered October's retail sales, which were up only 0.2 percent, compared to September's +1.9 percent; the rise for last month still beat forecasts, however. The Labor Dept. reported the consumer price index for October met expectations, ticking up 0.1 percent and constrained by lower prices for energy. Core CPI, less energy and food, gained 0.2 percent.

The DJIA slid 138.19 points at 23271.28, the S&P 500 was off 14.25 points at 2564.62, and the NASDAQ Comp declined 31.66 points to 6706.21. Dow Transports skidded 48.31 points at 9440.87, the Dow Jones Utility Index lost 7.25 points at 767.22, and the Russell 2000 small caps ended the session 14.25 points lower at 1463.97. 850 million and 491 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outpaced advancers on the NYSE 9 to 5 and on the NASDAQ 3 to 2.

The US dollar ended mostly unchanged versus major rivals. Gold for December delivery slumped 0.4 percent to settle at $1277.70 per ounce. US treasury yields decreased. Recent yields: 1.68 percent for the 2-year note, 2.03 percent for the 5-year note, 2.32 percent for the 10-year note, and 2.76 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 major indices hit a slump today as the NASDAQ, S&P 500 and the Dow all closed in the red. In economic news, the producer price index (PPI) jumped 0.4% in October according to the Labor Department, which was well above forecasts of 0.1%. The 12 month rate of wholesale inflation now sits at 2.8%, its highest since February 2012; core inflation (excl. food and energy) was also up 0.2% in October. Sweet crude for January delivery closed down 1.90% at $55.89 per barrel.

The Dow Jones Industrials decreased 32 points to close at 23,411. The S&P 500 was down 6 points at 2,579. The NASDAQ declined by 20 points to finish the day at 6,737 as the small caps of the Russell 2000 were also down by 4 points at 1,471. Dow Transports were down 30 points to 9,490, while the Dow Utility Index was up 9 points at 774.

Trading volume totaled 842 million shares on the New York Stock Exchange while 492 million were exchanged on the NASDAQ. There were slightly less than 3 stocks lower for every 2 higher on the New York Stock Exchange and slightly more than 7 stocks lower for every 6 higher on the NASDAQ. U.S Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 2.06%, 2.38%, and 2.83%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Jack Hellige at: 1-800-444-1854 x8641 or (502) 588-8641. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices were up slightly today as the NASDAQ, S&P 500 and the Dow all managed gains. In economic news, the federal government ran a budget deficit of $63B in October, which was the first month of the fiscal 2018 calendar; the deficit came in $17B higher than the same period last year. Sweet crude for January delivery closed about flat, down just 0.02% at $56.97 per barrel.

The Dow Jones Industrials increased 22 points to close at 23,444. The S&P 500 was up 2 points at 2,584. The NASDAQ advanced by 3 points to finish the day at 6,754 as the small caps of the Russell 2000 were flat at 1,475. Dow Transports were up 16 points to 9,518, while the Dow Utility Index was up 9 points at 766.

Trading volume totaled 791 million shares on the New York Stock Exchange while 485 million were exchanged on the NASDAQ. There were slightly more than 5 stocks lower for every 4 higher on the New York Stock Exchange and slightly more than 1 stock lower for every 1 higher on the NASDAQ. U.S Treasury securities were a bit mixed as the 5-year yield moved up to 2.07%, while the 10- and 30-year yields closed down at 2.40% and 2.87%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Jack Hellige at: 1-800-444-1854 x8641 or (502) 588-8641. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.
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