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
Phone: 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.



The Dow and S&P 500 surge to new highs amid upbeat employment data. Yesterday's dovish Federal Reserve comments also continued to have a positive impact on investor sentiment. Weekly jobless claims fell to a much lower than expected 280,000. September's Philly Fed manufacturing index fell to 22.5, below estimates of 24. August housing starts dropped to a lower than expected 956,000 annualized level.

The Dow Jones Industrials climbed 109 points to 17,265. The S&P 500 advanced 9 points to 2011. The NASDAQ rallied 31 points to 4593. The small caps of the Russell 2000 gained 5 points to 1159. The Dow Transports ascended 24 points to 8676 while the Dow Utility Index shed nearly 4 to 552.

About 675 million shares were traded on the New York Stock Exchange while 453 million shares were exchanged on the NASDAQ. There were three stocks higher for every two lower on the New York Stocks Exchange. On the NASDAQ there were 8 winners for every 5 losers. US Treasury Securities were little changed.

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.

Stocks traded mostly higher Wednesday following the Federal Open Market Committee Statement where the Federal Reserve raised its estimates for interest rates for the end of the year yet retained its guidance that short term interest rates will remain near zero for a ¿considerable time¿ following the wrap up of its bond buying program due to end next month. As markets closed, crude oil was trading lower on the day, while natural gas and gold ended the session higher. Tomorrow, we expect the weekly jobless claims, housing starts, and Philly Fed economic reports to be released.

The Dow gained 24 points to close at 17156 as Visa Inc. and Du Pont led the advance. The NASDAQ added 9 points to end at 4562, the S&P 500 took on 2 points to 2001, the Dow Utility Index finished 1 point behind at 556, and the Dow Transports added 81 points to end at 8652. Small caps of the Russell 2000 increased 2 points to 1153.

On the New York Stock Exchange 668 million shares exchanged hands while 465 million shares exchanged hands on the NASDAQ. There were slightly more advancers on the New York Stock Exchange while there were about 5 advancers for every 4 decliners on the NASDAQ. Treasuries were mostly lower. Recent yields were 0.01 percent for the 3-month bill, 1.80 percent for the 5-year note, 2.60 percent for the 10-year note and 3.36 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.

Stocks traded higher Tuesday ahead of tomorrow's Federal Open Market Committee Statement and after a report indicated China will increase economic stimulus. In economic news, the Producer Price Index was released and signaled a possible decrease in inflationary pressure. As markets closed, crude oil and natural gas were higher on the day, while gold shifted lower. Tomorrow, we expect the Federal Open Market Committee Statement, the Consumer Price Index, and Home Builder's index reports to be released.

The Dow gained 100 points to close at 17131 as Visa Inc. and Johnson & Johnson led the advance. The NASDAQ added 33 points to end at 4552, the S&P 500 took on 14 points to 1998, the Dow Utility Index finished 6 points ahead at 558, and the Dow Transports added 48 points to end at 8570. Small caps of the Russell 2000 expanded 4 points to 1150.

On the New York Stock Exchange 648 million shares exchanged hands while 488 million shares exchanged hands on the NASDAQ. There were about 2 advancers for every decliner on the New York Stock Exchange and on the NASDAQ there were 7 advancers for every 6 decliners. Treasuries were mixed. Recent yields were 0.02 percent for the 3-month bill, 1.77 percent for the 5-year note, 2.59 percent for the 10-year note and 3.35 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 major indices finished mixed with the large-cap Dow Jones Industrial Average gaining ground while the NASDAQ and Russell 2000 lost ground. The S&P 500 edged lower. Investors are on Fed watch with Yellen and company slated to begin their two-day monetary policy setting meeting tomorrow. With quantitative easing winding down and economic data improving investors are worried that the Fed might raise interest rates quicker. However, today's economic data showed weakening conditions in the manufacturing segment. Industrial production for August unexpectedly fell 0.1 percent as auto production declined. The Empire State regional manufacturing report rose to a higher than expected 27.5 in September.

The Dow Jones Industrials gained 43 points to 17,031. The S&P 500 shed more than a point to 1984. The NASDAQ unwound 48 points to 4518. The small caps of the Russell 2000 dropped 14 points to 1146. The Dow Transports traded 31 points lower to 8521 while the Dow Utility Index gained a point to 551.

About 590 million shares were traded on the New York Stock Exchange while 483 million shares were exchanged on the NASDAQ. There were twice as many winners compared to losers on the New York Stocks Exchange. On the NASDAQ losers bested winners by about a 3 to 1 margin. US Treasury Securities moved higher among mid dated issues and were little changed at the short and long end of the spectrum.

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 end lower for the session and the week. Upbeat retail sales caused investors to worry the Fed would raise interest rates sooner than expected. The Federal Open Market Committee meets next week. August retail sales cruised 0.6 percent higher amid strong demand for autos. Treasury yields rose on the news.

The Dow Jones Industrials retreated 61 points to 16,987. The S&P 500 subtracted 11 points to 1985. The NASDAQ surrendered 24 points to 4567. The small caps of the Russell 2000 shed 11 points to 1160. The Dow Transports drifted 3 points lower to 8552 while the Dow Utility Index erased 10 points 549.

About 632 million shares were traded on the New York Stock Exchange while 466 million shares were exchanged on the NASDAQ. There were four times as many winners compared to losers on the New York Stocks Exchange. US Treasury Securities moved lower across the board. Have a great weekend!

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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