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Michael Marcotte, AAMS®
Financial Consultant


8313 Holly Road
Suite A
Grand Blanc, MI 48439

810/606-1950

800/243-1439
Welcome to Hilliard Lyons

When it comes to creating and preserving wealth, as well as boosting income, today's investors aren't just looking for investment vehicles and services; they're looking for a personal understanding of their financial needs and goals.

As your Financial Consultant, I look forward to helping you get where you want to be. It's my top priority to meet the unique objectives and financial goals of individuals and families like yours. Let's work together to find the investment strategy that's right for you. I am dedicated to finding your appropriate investment strategy while providing excellent, personalized service.

Hilliard Lyons understands that as your personal life changes, so does your financial life so we focus on formulating a personalized strategy appropriate to your needs. I invite you to call or email me today to find out how I can help you.

Market Summary
Daily Market Comment

Daily Market Recap -


Updated Each Business Day at Approximately 4:30 pm ET.



The major indices were mixed today with the Dow and S&P 500 moving slightly higher while the NASDAQ closed down on the day. In economic news, U.S. industrial production rose 0.3% in September after two consecutive months of declines. Import prices increased 0.7% in September primarily on higher fuel prices and industrial supply costs. Home builder sentiment rose to a five-month high in October after pausing during the summer months. Sweet crude for December delivery closed flat at $52.14 per barrel.

The Dow Jones Industrials rose 40 points to close at 22,997. The S&P 500 was up 2 points at 2,559. The NASDAQ was flat at 6,624 as the small caps of the Russell 2000 were down 5 points at 1,497. Dow Transports were down 33 points at 9,824, while the Dow Utility Index advanced 6 points to 741.

Trading volume totaled 691 million shares on the New York Stock Exchange while 394 million were exchanged on the NASDAQ. There were 4 stocks lower for every 3 higher on the New York Stock Exchange and slightly less than 2 stocks declining for every 1 advancing on the NASDAQ.

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.

US markets slid into negative territory on Thursday as third quarter earnings season arrived in earnest. Q3 results at financial heavyweights Citigroup and JPMorgan Chase both bested analyst expectations but shares of both declined for the session. Profit warnings sent shares of AT&T, Juniper Networks, and J. Jill lower. In economic news the Bureau of Labor Statistics said its producer price index rose 0.4 percent last month, matching economists' forecasts for September.

The Dow Jones Industrial Average lost 31.88 points at 22841.01, the S&P 500 shed 4.31 points at 2550.93, and the NASDAQ Comp slid 12.04 points at 6591.51. Dow Transports jumped 61.47 points at 10038.13, the Dow Jones Utility Index added 2.42 points at 744.88, and the Russell 2000 small caps ended the session 1.76 points lower at 1505.16. 788 million and 504 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners 15 to 13 on the NYSE, while decliners outpaced advancers on the NASDAQ 16 to 13.

The US dollar mostly treaded water on Wednesday. Gold for December delivery rose 0.6 percent, settling at $1296.50. Traders considered global supplies of crude, which the Intl Energy Agency said were higher for September, and domestic crude stockpiles, which per the US government were lower for the third consecutive week. November WTI crude settled at $50.60 per barrel, off 1.4 percent. Recent US treasury yields: 1.5 percent for the 2-year note, 1.9 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. --

On Wednesday US stocks ended the session in mostly positive territory, with benchmark indexes Dow 30, S&P 500, and NASDAQ Comp once again achieving a trifecta of record high closes. Dow 30 components Johnson & Johnson and McDonald's led the way higher, with shares up 2.1 and 1.6 percent, respectively. Investors digested minutes from September's Federal Reserve policy meeting, which suggested the Fed wants one more interest rate increase in spite of low inflation. Third quarter earnings season begins in earnest tomorrow with releases from financial sector heavyweights Citigroup and JPMorgan Chase.

The Dow Jones Industrial Average added 42.21 points at 22872.89, the S&P 500 rose 4.60 points at 2555.24, and the NASDAQ Comp gained 16.30 points at 6603.55. Dow Transports jumped 48.18 points to 9926.66, the Dow Jones Utility Index was up 3.03 points at 742.46, and the Russell 2000 small caps ended the session down 1.21 points at 1506.79. 742 million and 448 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners 17 to 11 on the NYSE, while decliners outpaced advancers on the NASDAQ 15 to 14.

The US dollar sagged versus major rivals after the Fed minutes were released, with the ICE Dollar Index off 0.3 percent to 93.02. Gold futures settled lower for Wednesday, though post-Fed minutes the futures rebounded somewhat in electronic trading. Oil prices were higher as traders weighed OPEC's rising output in September against OPEC's increased crude demand outlook; November WTI crude settled at $51.30 per barrel, up 0.8 percent. Recent US treasury yields: 1.5 percent for the 2-year note, 2 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. --
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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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This communication is strictly intended for individuals residing in the state(s) of AZ, CO, FL, ME, MI, MO, NY and TN. No offers may be made or accepted from any resident outside the specific states referenced.
 


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