Daily Market Recap -
(Select another date to see market comments for that day.)
Updated Each Business Day at Approximately 4:30 pm ET
To end the week US stocks were in the red, for the most part, as investors digested tax reform uncertainty and media reports regarding subpoenas related to Special Counsel Mueller's Russia probe. Shares of Foot Locker jumped 28.4 percent and shares of Hibbett Sports were 15.2 percent higher after each company bested street expectations for quarterly results. Tesla gained 0.8 percent following last night's launch of Semi, a big rig that's semi-autonomous and electric. There were media reports Verizon and Comcast are considering acquiring part(s) of 21st Century Fox; shares of VZ and FOXA were up 1.5 and 6.2 percent, respectively, while CMCSA lost 2.5 percent.

On Friday the DJIA lost 100.12 points to 23358.24 (down 0.3 percent for the week), the S&P 500 was off 6.79 points at 2578.85 (down 0.1 percent for the week), and the NASDAQ Comp fell 10.50 points to 6782.79 (up 0.5 percent for the week). Dow Transports slid 110 points at 9483.09, the Dow Jones Utility Index lost 6.11 points at 758.08, and the Russell 2000 small caps ended the session 5.94 points higher at 1482.82. 875 million and 524 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 9 to 5 and on the NASDAQ 3 to 2.

December WTI crude rose 2.6 percent, settling at $56.55 per barrel. The US dollar was weaker versus major rivals. Gold for December delivery edged up another 1.4 percent and settled at $1296.50 per ounce. US treasury yields were mostly lower. Recent yields: 1.72 percent for the 2-year note, 2.05 percent for the 5-year note, 2.34 percent for the 10-year note, and 2.78 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. --