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.



U.S. major stock indices traded mostly lower Friday, but were off intraday lows following Federal Reserve Chairwoman Janet Yellen's reiteration that the central bank intends to raise short term rates later this year. As markets closed, crude oil, natural gas, and gold were trading lower on the day. On Monday, markets will be closed in observance of Memorial Day. On Tuesday, we expect durable goods orders, the Case-Shiller home price index, the consumer confidence index and new home sales reports to be released.

The Dow fell 53 points, ending the session at 18232 as Boeing Company and International Business Machines led the decline. The NASDAQ lost a point to end at 5089, the S&P 500 shed 4 points to end at 2126, the Dow Utility Index fell a point to finish at 588, and the Dow Transports lost 68 points, finishing the session at 8482. The Russell 2000 lost 4 points and closed at 1252.

On the New York Stock Exchange 617 million shares exchanged hands, while 378 million shares exchanged hands on the NASDAQ. There were about 2 decliners for every advancer on the New York Stock Exchange, while there were about 4 decliners for every 3 advancers on the NASDAQ. Bond markets were lower. Recent yields were 0.01 percent for the 3-month bill, 1.56 percent for the 5-year note, 2.22 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.

U.S. major stock indices traded mostly higher Friday following this morning's jobless claims report which indicated jobless claims increased by 10,000 to 274,000 the week ended May 16th compared to economists' expectations for 271,000 new claims. As markets closed, crude oil was trading sharply higher, closing above $60 per barrel. Natural gas was also higher, while gold traded lower on the day. Tomorrow, we expect the Consumer Price Index to be reported for April.

The Dow rose less than a point, ending the session at 18285 as Caterpillar Inc. and Apple Inc. led the advance. The NASDAQ added 19 points to end at 5090, the S&P 500 grew 4 points to 2130, the Dow Utility Index fell less than a point to finish at 589, and the Dow Transports gained 47 points, finishing the session at 8551. The Russell 2000 lost a point and closed at 1256.

On the New York Stock Exchange 707 million shares exchanged hands, while 405 million shares exchanged hands on the NASDAQ. There were about 5 advancers for every 4 decliners on the New York Stock Exchange, while decliners narrowly beat out advancers on the NASDAQ. Bond markets were higher. Recent yields were 0.01 percent for the 3-month bill, 1.51 percent for the 5-year note, 2.18 percent for the 10-year note and 2.98 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.

The Dow's winning streak ended with the other major indices closing flat to lower as well. Federal Reserve meeting minutes revealed that some committee members thought that raising rates in June would be too early. Oil prices rose as the Energy Department said the supplies of crude oil had fallen more than expected.

The Dow retreated 26 points to 18285. The NASDAQ edged a point higher to 5071. The S&P 500 shed 2 points to 2125. The small caps of the Russell 2000 gained 2 points to 1257. The Dow Transports dropped 170 points to 8503. The Dow Utility Index inched fractionally higher to 589.

Volume totaled 692 million shares while 430 million shares were exchanged on the NASDAQ. Winners and losers were nearly evenly matched on both the New York Stock Exchange and NASDAQ. US Treasury Securities edged slightly higher among mid and long-dated issues.

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.

Small advances leave the S&P 500 and Dow Jones Industrials perched at record highs. Energy shares fell in tandem with oil prices. Sweet crude for July delivery fell more than $2 to $58.07 per barrel. Earnings news was mixed within the consumer discretion sector. Video game purveyor Take-Two Interactive reported much better than expected earnings results, propelling its stock 18 percent higher on the news. Conversely, Urban Outfitters stock sank 15 percent after posting results which missed estimates.

The Dow traded 13 points higher to 18,312. The NASDAQ shed 8 points to 5070. The S&P 500 gained 6 points to 2129. The small caps of the Russell 2000 lost a point to 2127. The Dow Transports traded 66 points lower to 8674. The Dow Utility Index edged a point higher to 588.

Volume totaled 739 million shares while 432 million shares were exchanged on the NASDAQ. There were four stocks lower for every three higher on the New York Stock Exchange. Losers defeated winners by a 3 to 2 margin. US Treasury Securities moved lower 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 maintained an upward trajectory with the Dow and S&P 500 inking fresh all-time highs. Merger news dominated headlines as there was limited earnings and economic data on the calendar. Retailer Ann Taylor said it is being acquired by Ascena Retail Group. Ann Taylor's parent company stock, Ann Inc., stock surged nearly 20 percent on the news. Greece said it needs to reach a deal with the European Union by the end of the month to avoid defaulting on debt.

The Dow climbed 26 points to 18,298. The NASDAQ rallied 30 points to 5078. The S&P 500 gained 6 points to 2129. The small caps of the Russell 2000 surged 13 points to 1257. The Dow Transports pushed 59 points higher to 8740. The Dow Utility Index gained nearly 2 points to 587.

Volume totaled 669 million shares while 410 million shares were exchanged on the NASDAQ. There were four stocks higher for every three lower on the New York Stock Exchange. Winners bested losers by a 2 to 1 margin. US Treasury Securities moved lower among mid and long-dated issues and were unchanged at the short end of the curve.

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.
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