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.
U.S. stocks edged higher at Friday's start, with all three major indexes poised for weekly gains, with choppy trading likely due to a quarterly expiration of options and futures contracts. The Dow Jones Industrial Average rose 18 points to 10,452. The S&P 500 gained a point to 1,117. The Nasdaq Composite added 3 points to 2,310. A quiet morning so far. In the tech space Apple is higher on an upgrade. Shocker. Intel and AMD are modestly higher on positive analyst comments. Research in Motion is modestly higher on more positive analyst comments. The financials are mixed this morning. Visa is lower, but Mastercard is higher. Both received positive analyst comments. M&T Bank is lower after a nice run up due to takeover chatter. One analyst said take your profits. Good idea. In the commodity space, Rowan and BP are higher on upgrades. The rest of the commodities are quiet. After the first hour the averages remain in the green, but quiet. Through the morning the averages slowly improved. No real fanfare. In the afternoon the averages remain in the green, but not by much. Quiet, quiet, day. The Dow Jones Industrial Average finished up 16 points at 10,450. The S&P 500 Index rose a point to 1,117, while the Nasdaq Composite Index rose 2 points to 2,309. The major averages posted gains for the second week in a row, rising 2.4% on the week.
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