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200 Association Drive | Suite 100 | Charleston, WV 25311 | 800-444-1118 | Map/Directions
Charleston



200 Association Drive
Suite 100
Charleston, WV 25311

800-444-1118

Richard D. Wolford, AAMS®,CWA®
First Vice President
Branch Manager
304/340-3763
RWolford@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 Jones Industrial Average, S&P 500, and NASDAQ Comp closed out the week with their 24th simultaneous record high closes for the year. The rally was powered by investor hopes of tax reforms following last night's passing of a budget blueprint by the US Senate. The financial sector trended higher Friday, with Citigroup up 0.9 percent and JPMorgan Chase up 1.4 percent. Shares of General Electric rose 1 percent despite the conglomerate's Q3 earnings falling short of analyst expectations; it was GE's first quarterly miss in two and a half years.

The DJIA soared 165.59 points to 23328.63, the S&P 500 rose 13.11 points at 2575.21, and the NASDAQ Comp gained 23.99 points at 6629.05. Dow Transports jumped 85.59 points at 9972.10, the Dow Jones Utility Index added 1.35 points at 749.21, and the Russell 2000 small caps ended the session 6.8 points higher at 1508.84. 900 million and 489 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 17 to 11 and 18 to 11 on the NASDAQ.

On Friday, the US dollar strengthened versus major rivals, with the ICE US Dollar Index up 0.4 percent. Gold for December delivery gave up 0.7 percent, settling at $1280.50 per ounce. November WTI crude settled at $51.47 per barrel, up 0.4 percent. Recent US treasury yields: 1.6 percent for the 2-year note, 2 percent for the 5-year note, 2.4 percent for the 10-year note, and 2.9 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 the 30th anniversary of the 1987 stock market crash known as Black Monday, the Dow Jones Industrial Average closed at another record high, up 5.44 points at 23163.04. US markets were otherwise mixed on Thursday. The Dow 30 was dampened by component Apple, shares of which were down 2.4 percent as investors considered media stories regarding problems the company's newest Apple Watch appeared to be having in China. Philip Morris's third quarter results fell short of analyst expectations, and shares were off 3.8 percent. United Continental Holdings declined 12 percent, though the company earned more than anticipated in Q3.

The S&P 500 added less than a point at 2562.10, and the NASDAQ Comp slid 19.15 points at 6605.07. Dow Transports shed 13.16 points at 9886.51, the Dow Jones Utility Index gained 8.24 points at 747.86, and the Russell 2000 small caps ended the session 3.10 points lowers at 1502.04. 706 million and 456 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 14 to 13 and by an extremely narrow margin on the NASDAQ.

The US dollar was a little weaker on Thursday, which let Gold for December delivery rise 0.6 percent, settling at $1290 per ounce. Oil prices retreated slightly, with November WTI crude settled at $51.29 per barrel, off 1.4 percent. Recent US treasury yields: 1.5 percent for the 2-year note, 2 percent for the 5-year note, 2.3 percent for the 10-year note, and 2.8 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. --

Shares of Dow Jones Industrial Average component IBM roared up nearly 9 percent on Wednesday, helping the index rally 160.16 points at 23157.60 -- the Dow 30's first close above the 23,000 milepost. For the third quarter IBM earned $2.92 per share or $2.73 billion, besting analyst expectations. The financial sector also helped drive stock prices higher, with shares of Goldman Sachs, Citigroup, and Morgan Stanley up 2.5, 1.3, and 2.1 percent, respectively, for the day.

The S&P 500 rose 1.90 points to 2561.26, and the NASDAQ Comp added less than a point at 6624.22. Dow Transports jumped 75.53 points at 9899.67, the Dow Jones Utility Index shed nearly a point at 739.62, and the Russell 2000 small caps ended the session 7.65 points higher at 1505.14. 679 million and 409 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 14 to 13 and 16 to 13 on the NASDAQ.

The US dollar was mostly flat on Wednesday. Gold for December delivery settled at $1283 per ounce, up 0.3 percent. Geopolitical worries and a fourth consecutive week of lower domestic supplies helped November WTI crude settle at $52.04 per barrel, up 0.3 percent. Recent US treasury yields: 1.6 percent for the 2-year note, 2 percent for the 5-year note, 2.3 percent for the 10-year note, and 2.9 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 were mixed today with the Dow and S&P 500 moving slightly higher while the NASDAQ closed down on the day. In economic news, U.S. industrial production rose 0.3% in September after two consecutive months of declines. Import prices increased 0.7% in September primarily on higher fuel prices and industrial supply costs. Home builder sentiment rose to a five-month high in October after pausing during the summer months. Sweet crude for December delivery closed flat at $52.14 per barrel.

The Dow Jones Industrials rose 40 points to close at 22,997. The S&P 500 was up 2 points at 2,559. The NASDAQ was flat at 6,624 as the small caps of the Russell 2000 were down 5 points at 1,497. Dow Transports were down 33 points at 9,824, while the Dow Utility Index advanced 6 points to 741.

Trading volume totaled 691 million shares on the New York Stock Exchange while 394 million were exchanged on the NASDAQ. There were 4 stocks lower for every 3 higher on the New York Stock Exchange and slightly less than 2 stocks declining for every 1 advancing on the NASDAQ.

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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 Securities and Advisory Services offered by J. J. B. Hilliard, W.L. Lyons, LLC, A Registered Broker Dealer and Investment Advisor, Member NYSE / FINRA / SIPC. Trust Services are offered through Hilliard Lyons Trust Company, LLC, an affiliate of J. J. B. Hilliard, W.L. Lyons, LLC. Hilliard Lyons does not offer legal, accounting or tax advice. You should consult your own tax or legal counsel prior to making any decision that may affect your tax or legal situation. To understand how Hilliard Lyons is compensated for its services, please click here.

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