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79 Woodfin Place | Suite 103 | Asheville, NC 28801 | 800-522-4545 | Map/Directions
Asheville



79 Woodfin Place
Suite 103
Asheville, NC 28801

800-522-4545

Gary W. Hannah, CWA®
Senior Vice President
Branch Manager
828-252-8900
ghannah@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 major indices sold off amid weakness in banks, pharmaceutical and industrial shares. US Treasury securities moved higher across the board. Sweet crude for March delivery rose 17 cents to $53.32 per barrel. In economic news, January's Empire state index fell to 6.5 from 7.6 in its previous reading. Consumer price data as well as industrial production and capacity utilization are due out tomorrow.

The Dow Jones Industrials lost 58 points to 19,826. The S&P 500 shed 6 points to 2267. The NASDAQ retreated 35 points to 5538. The small caps of the Russell 2000 unwound 19 points to 1352. The Dow Transports lost 102 to 9099 while the Dow Utility Index gained 7 points to 664.

Trading volume totaled 900 million on the New York Stock Exchange and 438 million shares were exchanged on the NASDAQ. There were 16 stocks lower for every 13 higher on the New York Stock Exchange. Losers doubled winners on the NASDAQ. U.S. Treasury securities moved higher 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.

US markets moved mostly higher Friday as investors continued to digest the post-November election rally and were seemingly pleased by strong fourth quarter reports from banking giants JP Morgan Chase & Co. and Bank of America. JPM earned $6.73 billion or $1.71 per share in Q4ཌ versus $5.43 billion or $1.32 per share in the prior year period, on revenues of $24.33 billion. BAC saw its earnings per share rise to $0.40 or $4.7 billion compared to $0.27 or $3.28 billion in the fourth quarter of 2015, with revenue at $19.99 billion. December's retail sales came in below expectations at a gain of only 0.6 percent, though holiday sales beat analyst forecasts with a 4 percent gain. Business inventories and producer prices for December rose 0.7 and 0.3 percent, respectively.

The DJIA lost 5.27 points at 19885.13. The NASDAQ Comp added 26.63 points at 5574.12, and the S&P 500 was up 4.20 points at 2274.64. The Dow Jones Utility Index lost nearly 1 point at 656.78, while the Dow Transports popped up 57.87 points at 9202.34. The Russell 2000 small caps ended the session at 1372.05, higher by 10.98 points. 753 million shares were traded on the New York Stock Exchange, and the volume on the NASDAQ was 377 million. Advancers bested decliners on the NYSE 9 to 5 and on the NASDAQ 5 to 2. The markets will be closed Monday for the Dr. Martin Luther King, Jr. holiday.

Investors' doubts regarding production cut agreements remained Friday, sending oil futures lower by around 3 percent for the week. February West Texas Intermediate crude was off 1.2 percent for the day at $52.37 per barrel. With not much new information provided this week regarding possible Trump administration economic policies, the US dollar index fell 1 percent for the week, 0.2 percent on Friday. Gold for February delivery, on the other hand, rose approximately 1.9 percent this week, and settled at $1196.20 per ounce, off $3.60 for the day.

-- 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 moved lower today with the Dow, S&P 500, and the NASDAQ all closing lower on the day. In economic news, the federal government budget deficit widened to $28 billion in December. Weekly initial jobless claims rose to 247,000 during the first week of 2017. The import-price index rose 0.4% in December, the fastest pace in four years. Sweet crude for March delivery closed up around 1.5% at $53.86 per barrel.

The Dow Jones Industrials fell 63 points to close at 19,891. The S&P 500 was down 5 points at 2,270. The NASDAQ declined 16 points to finish the day at 5,547 as the small caps of the Russell 2000 moved 13 points lower to 1,360. Dow Transports were down 42 points to 9,144, while the Dow Utility Index was marginally higher at 658.

Trading volume totaled 798 million shares on the New York Stock Exchange while 419 million shares were exchanged on the NASDAQ. There were around 3 stocks lower for every 2 higher on the New York Stock Exchange and slightly less than 2 stocks declining for every 1 advancing on the NASDAQ. U.S Treasury securities were little changed today with the 5-, 10-, and 30-year yields closing at 1.86%, 2.36%, and 2.96%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8686 or (502) 588-8686. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.

The major indices head higher with the Dow marching towards the 20,000 mark again. However, pharmaceuticals lagged as Present-elect Trump said the government should overhaul how it purchases pharmaceuticals. Energy stocks paced gains as sweet crude for March delivery rose $1.63 to $53.33 barrel.

The Dow Jones Industrials rallied 98 to 19,954. The S&P 500 climbed 6 points to 2275. The NASDAQ surged 11 points to 5563. The small caps of the Russell 2000 gained 2 points to 1373. The Dow Transports jumped 91 points to 9186 while the Dow Utility Index added 5 points to 657.

Trading volume totaled 891 million on the New York Stock Exchange and 459 million shares were exchanged on the NASDAQ. There were 2 stocks higher for every 1 lower on the New York Stock Exchange. Winners exceeded losers by a narrow margin on the NASDAQ. U.S. 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.

The major indices were mixed today with the Dow moving lower as the S&P 500 was flat and the NASDAQ edged out a gain on the day. In economic news, U.S. wholesale inventories rose 1% in November, the largest increase in two years. The National Federation of Independent Business reported that its small-business optimism index rose to 105.8 versus expectations for a reading of 99.6. Sweet crude for February delivery closed down around 2.2% at $50.79 per barrel.

The Dow Jones Industrials fell 32 points to close at 19,856. The S&P 500 was flat at 2,269. The NASDAQ advanced 20 points to finish the day at 5,552 as the small caps of the Russell 2000 moved 13 points higher to 1,370. Dow Transports were up 72 points to 9,095, while the Dow Utility Index was down 2 points at 651.

Trading volume totaled 930 million shares on the New York Stock Exchange while 450 million shares were exchanged on the NASDAQ. There were around 7 stocks higher for every 4 lower on the New York Stock Exchange and slightly more than 2 stocks advancing for every 1 declining on the NASDAQ. U.S Treasury securities were little changed today with the 5-, 10-, and 30-year yields closing at 1.88%, 2.38%, and 2.97%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Tyler Agee at: 1-800-444-1854 x8686 or (502) 588-8686. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738.
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