As concerns over the coronavirus (also referred to as COVID-19) continue to dominate news headlines, cause volatility in the marketplace, and test investor confidence in securities markets, one thing remains unchanged - Leigh Baldwin & Co. and its commitment to assist clients through turbulent times. Along with the securities markets, we remain open and available to clients, ready to assist with any needs, questions, or concerns as they arise.
It should be a quiet day as investors gear up for the holiday weekend.The Dow Jones Industrial Average rose 20 points to 8311. The S&P 500 inched up 2 points to 889 while the Nasdaq Composite Index rose 6 points to 1,698. Plenty of earnings from the retail sector last night. Sears, Red Robin Gourmet Burger, Aeropostale, Gap, and Foot Locker all beat estimates last night. Sears looks great, up 18%. Red Robin is lower by 17% following a bleak outlook. Aeropostale, Polo, and Gap all received upgrades and yet all three are lower. In the tech sector, Autodesk is jumping 10% on earnings. Juniper and Research in Motion were upgraded, however, both are lower. The financials are modestly lower this morning. HSBC is modestly lower on cautious comments on the next year. After the first half an hour the averages gravitated back to the unchanged level. It could be a boring day.
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