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1035 Frederica Street | Suite 100 | Owensboro, KY 42301 | 800-588-1598 | Map/Directions
Owensboro


1035 Frederica Street
Suite 100
Owensboro, KY 42301

800-588-1598

Ricki J. Hobgood, CWA®
Senior Vice President
Branch Manager
270/926-4747
RHobgood@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.



Investor concerns regarding whether or not President Trump can benefit the markets with new legislation seemed to rise on Thursday, as fallout from his handling of the weekend's events in Charlottesville, Virginia continued. A terror attack in Barcelona added to worries, and US markets fell broadly. The Dow Jones Industrial Average, S&P 500, and NASDAQ closed down 1.2, 1.5, and 1.9 percent lower, respectively. Dow 30 component Cisco Systems led in the red, off 4 percent.

The Dow Jones Industrial Average shed 274 points at 21750, the NASDAQ gave up 123 points at 6221, and the S&P 500 lost 38 points at 2430. Dow Transports sank 224 points to 9152, while the Dow Jones Utility Index was off 5 points at 734. Russell 2000 small caps ended the session at 1358, down 24 points. 766 million and 493 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners outnumbered advancers on the NYSE nearly 3 to 1 and 4 to 1 on the NASDAQ.

Gold for December settled at $1292.40, up 0.7 percent. The US dollar strengthened slightly versus major rivals. Falling US crude supplies sent oil prices higher, with September WTI crude settling at $47.09 per barrel, up 0.7 percent. Recent US treasury yields: 1.3 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --

The major indices moved higher today with the Dow, S&P 500, and the NASDAQ all closing up on the day. In economic news, housing starts slowed 4.8% from June¿s pace to a 1.16 million seasonally adjusted annual rate. Housing permits were also 4.1% lower than June¿s level, at a 1.22 million seasonally adjusted annual rate. Sweet crude for October delivery closed down 1.6% at $46.94 per barrel.

The Dow Jones Industrials rose 26 points to close at 22,025. The S&P 500 was up 4 points at 2,468. The NASDAQ advanced 12 points to finish the day at 6,345 as the small caps of the Russell 2000 were down 1 point at 1,382. Dow Transports were up 6 points at 9,377, while the Dow Utility Index advanced 2 points to 740.

Trading volume totaled 731 million shares on the New York Stock Exchange while 424 million were exchanged on the NASDAQ. There were 3 stocks higher for every 2 lower on the New York Stock Exchange and slightly more than 5 stocks advancing for every 4 declining on the NASDAQ. U.S. Treasury securities moved higher today with the 5-, 10-, and 30-year yields closing down at 1.79%, 2.24%, and 2.82%, 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.

On Friday the "fear gauge" known as the CBOE Volatility Index crept to its highest level since Election Day, but investors shrugged off some of their geopolitical jitters and helped US markets into the green. Snap Inc., which owns Snapchat, was off 14 percent after yesterday's quarterly earnings miss. JC Penny shed 4 percent on a weaker than expected second quarterly. Nordstrom Inc. was mostly flat despite besting the street with Q2 results.

The Dow Jones Industrial Average rose 14 points to 21,861 (-1.1 percent for the week), the NASDAQ gained 40 points at 6257 (-1.5 percent for the week), and the S&P 500 was up 3 points at 2441 (-1.4 percent for the week). Dow Transports jumped 79 points to 9199, while the Dow Jones Utility Index lost 4 points at 730. Russell 2000 small caps ended at 1374, up a point. 792 million and 457 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners 15 to 13 on both the NYSE and NASDAQ.

Geopolitical tensions sent Gold for December up 0.3 percent at $1294 per ounce. For the week gold futures rose 2.3 percent. The US dollar was weaker versus major rivals after consumer price index numbers were announced. The CPI gained 1.7 percent "on the year" compared to June's 1.6 percent and economist expectations of 1.8 percent. Excluding energy and food, core inflation was equal to June's read and estimates at 1.7 percent. September WTI crude settled at $48.82 per barrel, up 0.5 for the day but down about 1.5 percent for the week. Recent US treasury yields: 1.3 percent for the 2-year note, 1.7 percent for the 5-year note, 2.2 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. --
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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.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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