389 East Morgan Street | Suite 1 | Martinsville, IN 46151 | 800-301-0247 | Map/Directions
Martinsville



389 East Morgan Street
Suite 1
Martinsville, IN 46151

800-301-0247

Jeff Main, AAMS®
Senior Vice President
Branch Manager
765/349-0247
JMain@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.



After a light early rally, the major U.S. indices finished slightly down Friday, completing a mixed week for the markets. Still, the major U.S. indices ended the week with a slight increase. The Department of Labor released a report on the Employee Cost Index for the second quarter, revealing that wages rose by only 0.2%. This was the smallest increase in the last 33 years. Disappointing earnings reports released by Exxon Mobil and Chevron also led a dismal showing for the Energy sector. The price of Sweet crude oil for September delivery dropped by $1.77 to $46.75 per barrel.

The Dow dropped 56 points to 17,689 and the S&P 500 lost 4 points to 2,103. The NASDAQ shed half a point to 5,128. The Dow Utilities added 5 points to 583. The small caps of the Russell 2000 rose 6 points to 1,238 and the Dow Transports declined by 27 points to finish at 8,392.

Trading volume totaled 977 million on the New York Stock Exchange while 545 million shares were exchanged on the NASDAQ. There were around 2 winners for every loser on the New York Stock Exchange, while there were about 3 winners for every 2 losers on the NASDAQ. U.S. treasury yields fell among mid and long-dated issues.

Clients with questions concerning this Afternoon Comment are advised to contact Tommy Rorke at: 1-800-444-1854 x8687. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

US markets closed mixed to flat Thursday after a choppy session. The Commerce Dept. reported a 2.3 percent increase in second quarter Gross Domestic Product (GDP). Commerce also revised the first quarter rate from the originally reported -0.2 percent to a positive 0.6 percent. With the economy continuing to expand, investors seemed to think the Federal Reserve remains on track to raise interest rates later this year, possibly as soon as September.

The Dow Jones Industrial Average closed at 17745.98, down 5.41 points. NASDAQ composite rose 17.05 points at 5128.78, and the S&P 500 added less than a point at 2108.63. The Dow Jones Utility Index gained 3.68 points at 578.88, while the Dow Transports shed 1.09 points at 8419.78. The Russell 2000 small caps ended the session at 1231.77, up 2.17 points. 795 million shares were traded on the New York Stock Exchange and the volume on the NASDAQ was 452 million. Advancers just barely bested decliners on both the NYSE and NASDAQ.

Treasury prices mostly rose and yields declined in the wake of end-of-month bond portfolio rebalancing. Recent Treasury yields were: 1.625 percent for the 5-year note, 2.269 percent for the 10-year note, and 2.955 percent for the 30-year bond. West Texas Intermediate crude and Brent crude, both for September delivery, rose $0.22 and $0.35 to $49.01 per barrel and $53.73 per barrel, respectively. Gold for August delivery lost $4.20, settling at $1088.40 per ounce.

-- 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. --

U.S. major stock indices finished Wednesday's session higher following the Federal Open Market Committee's statement which indicated that the Fed will leave benchmark interest rates near zero. As markets closed, crude oil and natural gas were trading higher on the day, while gold was trading lower. Tomorrow, we expect the weekly jobless claims and Gross Domestic Product (GDP) reports to be released.

The Dow rose 121 points, ending the session at 17751 as Boeing Co. and Home Depot Inc. led the advance. The NASDAQ gained 22 points to end at 5111, the S&P 500 took on 15 points to end at 2108, the Dow Utility Index grew a point to finish at 575, and the Dow Transports gained 142 points, finishing the session at 8420. The Russell 2000 expanded 5 points and closed at 1230.

On the New York Stock Exchange 880 million shares exchanged hands, while 457 million shares exchanged hands on the NASDAQ. There were about 3 advancers for every decliner on the New York Stock Exchange, while there were about 5 advancers for every 4 decliners on the NASDAQ. Bond markets were mostly lower. Recent yields were 0.04 percent for the 3-month bill, 1.61 percent for the 5-year note, 2.28 percent for the 10-year note and 2.99 percent for the 30-year bond.

Clients with questions concerning this Afternoon Comment are advised to contact Jeremy Roane at: 1-800-444-1854 x8688 or (502) 588-8688. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

After falling for 5 straight days, the major U.S. indices rebounded Tuesday. Earnings reports were mostly upbeat and while Chinese stocks continued to decline, their fall tapered slightly. After consistent declines, the Energy sector made gains. Companies UPS, Pfizer, Twitter, and Ford each reported earnings that exceeded estimates, while DuPont reported disappointing revenues and reduced its dividend. The July Federal Open Market Committee meetings will conclude tomorrow with a statement from Janet Yellen. Facebook will report earnings tomorrow along with Humana and Samsung. The price for Sweet Crude Oil for August delivery increased by $0.32 to $47.71 per barrel.

The Dow gained 189 points to 17,630 while the NASDAQ rose 49 points to 5,089. The S&P 500 added 25 points to 2,093. The small caps of the Russell 2000 picked up 9 points to 1,224 and the Dow Transports soared 218 points to 8,278. The Dow Utility index moved 2 points higher to 573.

Volume on the New York Stock Exchange totaled 930 million shares while 500 million shares were exchanged on the NASDAQ. There were almost 3 winners for every loser on the New York Stock Exchange and there were almost 2 winners for every loser on the NASDAQ. U.S. Treasury securities moved lower among long-dated issues.

Clients with questions concerning this Afternoon Comment are advised to contact Tommy Rorke at: 1-800-444-1854 x8687. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major U.S. indices mostly moved lower as investors prepare for this week's earnings. Pressure from a dive in the Shanghai may have also caused stocks to move lower today. China¿s Shanghai Composite Index fell nearly 8.5% on Monday. The Dow closed at its lowest level since February 2 of this year. The July Federal Open Market Committee meeting will begin tomorrow with a statement from chairwoman Yellen coming on Wednesday. Tomorrow's earnings lineup includes Pfizer, UBS, Twitter, Ford, and BP. The price for Sweet Crude Oil for August delivery decreased by $1.11 to $47.03 per ounce.

The Dow dropped 128 points to 17,441 while the NASDAQ fell 49 points to 5040 and the S&P 500 moved 12 points lower to 2068. The small caps of the Russell 2000 dropped 11 points to 1215. The Dow Transports lost 13 points to 8060 and the Dow Utility Index moved 8 points higher to 571.

Volume totaled 922 million shares on the New York Stock Exchange while 476 million shares were exchanged on the NASDAQ. There was about 2.7 losers for every winner on the New York Stock Exchange. There was roughly 2.5 losers for every winner on the NASDAQ. U.S. Treasury securities moved slightly higher among long-dated issues.

Clients with questions concerning this Afternoon Comment are advised to contact Joe Burkland at: 1-800-444-1854 x8633 or (502) 588-8633. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.
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