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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.



US stock markets started the week with investor enthusiasm following the first round of France's presidential election, in which centrist Emmanuel Macron advanced to the final round of voting on May 7th. The Dow Jones Industrial Average was boosted by financials JPMorgan Chase and Goldman Sachs Group, which closed up 3.5 and 3 percent, respectively. The Financial Times reported Albertsons was considering a Whole Foods takeover bid, sending Whole Foods shares 2 percent higher. Shares of Hasbro climbed 5.9 percent after the toy maker said its net earnings rose to $48.8 million, or $0.54 per share, in Q1'17, on revenue of $849.7 million, beating street expectations.

The Dow 30 rallied 216.13 points to 20703.89, the S&P 500 gained 25.46 points to 2374.15, and the NASDAQ added 73.30 points at 5983.82. The Dow Jones Utility Index was 3.02 points higher at 709.03, while the Dow Transports jumped 149.18 points to 9282.99. Russell 2000 small caps ended the session at 1398.23, up 18.37 points. 906 million and 467 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers bested decliners on both the NYSE and NASDAQ 5 to 2.

Investor relief over the French election added strength to the US dollar versus the yen, but put gold futures in the red. Gold for June delivery settled at $1277.50 per ounce, down 0.9 percent. Oil futures were dampened by concerns over increasing US production and, according to MarketWatch, "the ability of OPEC to achieve an extension of a program of production curbs." June WTI crude settled at $49.23 per barrel, off 0.8 percent. Recent Treasury yields: 1.2 percent for the 2-year note, 1.8 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. --

Investors seemed buoyed by earnings season on Thursday, and US markets traded broadly higher. The Dow Jones Industrial Average was helped by better than anticipated results from component American Express, which closed up almost 6 percent for the session. The credit card company reported its Q1'17 net income was $1.34 per share of $1.2 billion, compared to $1.45 per share or $1.4 billion in the prior year period. The Dept. of Labor said continuing jobless claims in April declined 49,000 to 1.98 million. There were 244,000 initial jobless claims for the week of April 9th, an increase of 10,000 over the week of April 2nd.

The Dow 30 jumped 174.22 points at 20578.71, the S&P 500 added 17.67 points at 2355.84, and the NASDAQ gained 53.74 points at 5916.78. The Dow Jones Utility Index was off 2.78 points at 701.20, while the Dow Transports climbed 149.78 points to 9126.13. Russell 2000 small caps ended the session at 1384.15, up 17.01 points. 865 million and 446 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Advancers bested decliners on both the NYSE and NASDAQ 5 to 2.

The US dollar gained some ground versus the yen, but geopolitical concerns put gold futures higher as well. Gold for June delivery settled at $1283.80 per ounce, up $0.40. Oil prices were lower again today, with May WTI crude settling at $50.27 per barrel, down 0.3 percent. Recent Treasury yields: 1.2 percent for the 2-year note, 1.8 percent for the 5-year note, 2.2 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. --

IBM shook the Dow Jones Industrial Average on Wednesday after a quarterly earnings miss reported post-session yesterday. For Q1'17, IBM saw revenue of $18.16 billion, compared to $18.7 billion in the first quarter of 2016; the street had estimated revenue of $18.4 billion. IBM closed off nearly 5 percent at $161.68. Lower oil prices pressured the energy sector and, in turn, the Dow 30, with Chevron and Exxon Mobil shares closing down 1.4 and 0.7 percent, respectively. Investors also had the Federal Reserve's Beige Book to digest today. The report, about the mid February to late March period, noted, "Labor markets remained tight" and "On balance, prices rose modestly since the previous report," among other comments.

The Dow 30 lost 118.79 points at 20404.49, the S&P 500 fell 4.02 points at 2338.17, and the Dow Jones Utility Index declined 3.82 points at 703.98. The NASDAQ rose 13.56 points to 5863.03, the Dow Transports climbed 43.25 points to 8976.35, and the Russell 2000 small caps ended the session at 1367.20, up 5.31 points. 821 million and 433 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Decliners outpaced advancers 15 to 13 on the NYSE, while advancers bested decliners on the NASDAQ 17 to 12.

Gold futures fell as the US dollar strengthened. Gold for June delivery settled at $1283.40 per ounce, down 0.8 percent. At 99.716 the ICE US Dollar Index was 0.2 percent higher. A surprise increase in weekly US gasoline supplies sent oil prices lower, with May WTI crude settling at $50.44 per barrel, down 3.8 percent. Recent Treasury yields: 1.2 percent for the 2-year note, 1.7 percent for the 5-year note, 2.2 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. --

Investor reactions to lukewarm earnings releases from Goldman Sachs, Johnson & Johnson, and Netflix, among others, put US markets in the red on Tuesday, with the health care and financial sectors leading on the downside. Shares of United Continental Holdings Inc. were 4 percent lower in today's session; Monday evening the airline reported it earned $0.41 per share, or $129 million (adjusted for one-time items) in Q1'17, above analyst expectations, on revenues of $8.4 billion. Cardinal Health and Post Holdings shares skidded 11.5 and 3.8 percent, respectively, on news of their respective acquisition announcements: a piece of Medtronic PLC for Cardinal, and Weetabix Food Co. for Post. The Federal Reserve said March's factory output declined 0.4 percent, though for the whole first quarter of 2017 output rose at a 2.7 percent annual rate.

The Dow Jones Industrial Average fell 113.64 points at 20523.28, the S&P 500 was off 6.82 points at 2342.19, and the NASDAQ was down 7.32 points at 5849.47. The Dow Jones Utility Index added 1.63 points at 707.80, while the Dow Transports slumped 57.32 points to 8933.10. Russell 2000 small caps ended the session at 1362, up less than a point. 761 million and 411 million shares were traded on the New York Stock Exchange and NASDAQ, respectively. Decliners outpaced advancers 15 to 13 on the NYSE and 4 to 3 on the NASDAQ.

Anxiety over France's May 7th election and the news of an early election in the UK rattled the US dollar and strengthened gold futures. Gold for June delivery settled at $1294.10 per ounce, up 0.2 percent, while the ICE US Dollar Index gave up 0.7 percent at 99.59. May WTI crude settled at $52.41 per barrel, down 0.5 percent, as traders continued to be concerned about growing crude production in the US. Recent Treasury yields: 1.2 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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