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34611 Woodward Avenue | Birmingham, MI 48009 | 888-901-7700 | Fax: 248/593-8418 | Map/Directions
Birmingham



34611 Woodward Avenue
Birmingham, MI 48009

888-901-7700
248/593-7700
Fax: 248/593-8418

Steven J. Kus, CWA®
Senior Vice President
Branch Manager
248/593-7700
888/901-7700
SKus@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 moved higher today with the Dow, S&P 500, and the NASDAQ all closing up on the day. In economic news, the U.S. trade deficit fell 1.8% to $65.9 billion in May according to the Census Bureau. The National Association of Realtors pending home sales index fell 1.7% year-over-year to 108.5 in May as the April reading was revised lower. Economists were expecting a 0.5% increase. Sweet crude for August delivery closed up 1.1% at $44.74 per barrel.

The Dow Jones Industrials rose 144 points to close at 21,455. The S&P 500 was up 21 points at 2,441. The NASDAQ advanced 88 points to finish the day at 6,234 as the small caps of the Russell 2000 moved 22 points higher to 1,425. Dow Transports were up 134 points at 9,517, while the Dow Utility Index was down 7 points at 713.

Trading volume totaled 854 million shares on the New York Stock Exchange while 498 million were exchanged on the NASDAQ. There were slightly more than 3 stocks higher for every 1 lower on the New York Stock Exchange and slightly less than 3 stocks advancing for every 1 declining on the NASDAQ. U.S. Treasury securities moved lower today with the 5-, 10-, and 30-year yields closing up at 1.82%, 2.22%, and 2.77%, 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 were moved lower today with the Dow, S&P 500, and the NASDAQ all closing down on the day. In economic news, the Case-Shiller 20-city home price index rose 5.7% versus the year ago three-month period ending in April. Economists were forecasting a 5.9% increase. The Conference Board reported that its consumer confidence index rose to 118.9 last month versus expectations for a decline to 116. Sweet crude for August delivery closed up 2.0% at $44.24 per barrel.

The Dow Jones Industrials fell 99 points to close at 21,311. The S&P 500 was down 20 points at 2,419. The NASDAQ declined 101 points to finish the day at 6,147 as the small caps of the Russell 2000 moved 13 points lower to 1,404. Dow Transports were down 58 points at 9,384, while the Dow Utility Index was down 10 points at 721.

Trading volume totaled 885 million shares on the New York Stock Exchange while 536 million were exchanged on the NASDAQ. There were slightly less than 2 stocks lower for every 1 higher on both the New York Stock Exchange and the NASDAQ. U.S Treasury securities moved lower today with the 5-, 10-, and 30-year yields closing up at 1.81%, 2.20%, and 2.75%, 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 were mixed today with the Dow and S&P 500 moving higher while the NASDAQ closed down on the day. In economic news, orders for durable goods fell for the second consecutive month in May according to the Census Bureau. The drop in May was the largest in six months. The Chicago Fed national activity index dropped to -0.26 in May, suggesting that the economy is expanding below its historical average pace. Sweet crude for August delivery closed up 0.9% at $43.38 per barrel.

The Dow Jones Industrials rose 15 points to close at 21,410. The S&P 500 was up 1 point at 2,439. The NASDAQ declined 18 points to finish the day at 6,247 as the small caps of the Russell 2000 moved 2 points higher to 1,417. Dow Transports were up 53 points at 9,442, while the Dow Utility Index was up 5 points at 731.

Trading volume totaled 795 million shares on the New York Stock Exchange while 499 million were exchanged on the NASDAQ. There were slightly less than 2 stocks higher for every 1 lower on the New York Stock Exchange and slightly less than 5 stocks advancing for every 4 declining on the NASDAQ. U.S Treasury securities moved were mixed today with the 5- and 10-year yields closing flat at 1.76% and 2.14%, respectively, while the 30-year yield closed down at 2.70%.

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 were mixed today with the Dow moving lower while the NASDAQ and S&P 500 edged out slight gains on the day. In economic news, newly constructed home sales in May were 610,000 versus expectations of 590,000 according to the Commerce Department. A flash reading of manufacturing PMI fell to a 9 month low of 52.1, while the flash services PMI reading was at a 3 month low of 53. Sweet crude for August delivery closed up 0.6% at $43.01 per barrel.

The Dow Jones Industrials fell 2 points to close at 21,395. The S&P 500 was up 3 points at 2,438. The NASDAQ advanced 29 points to finish the day at 6,266 as the small caps of the Russell 2000 moved 11 points higher to 1,416. Dow Transports were up 71 points at 9,391, while the Dow Utility Index was down 2 points at 725.

Trading volume totaled 2.1 billion shares on the New York Stock Exchange while 1.5 billion were exchanged on the NASDAQ. There were slightly more than 2 stocks higher for every 1 lower on the New York Stock Exchange and slightly less than 2 stocks higher for every one lower on the NASDAQ. U.S Treasury securities were mixed today with the 5-year yield unchanged at 1.76%, while the 10- and 30-year securities moved up as yields closed down at 2.14% and 2.71%, respectively.

Clients with questions concerning this Afternoon Comment are advised to contact Jack Hellige at: 1-800-444-1854 x8641 or (502) 588-8641. 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 lower while the NASDAQ edged out a slight gain on the day. In economic news, weekly initial jobless claims ticked up to 241,000 versus expectations of 240,000 according to the Labor Department. Sweet crude for August delivery closed up 0.5% at $42.74 per barrel.

The Dow Jones Industrials fell 13 points to close at 21,397. The S&P 500 was down 1 point at 2,435. The NASDAQ advanced 3 points to finish the day at 6,237 as the small caps of the Russell 2000 moved 5 points higher to 1,405. Dow Transports were up 27 points at 9,320, while the Dow Utility Index was down 2 points at 727.

Trading volume totaled 853 million shares on the New York Stock Exchange while 496 million were exchanged on the NASDAQ. There were slightly less than 3 stocks higher for every 2 lower on both the New York Stock Exchange and the NASDAQ. U.S Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 1.76%, 2.15%, and 2.72%, 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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