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James D. Kemp
Senior Vice President
Financial Consultant


312 Walnut Street
Suite 3120
Cincinnati, OH 45202

513/421-1750

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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.

Daily Market Comment

Daily Market Recap -


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



US markets managed geopolitical jitters on Friday to end the week mostly in the green. The Dow 30 was weighed down by shares of component Apple Inc., which slid nearly 1 percent amid pre-new-iPhone volatility. T-Mobile US and Sprint Corp. climbed 0.5 and 4.6 percent, respectively, following a Reuters article saying the companies' terms for merger were nearing completion. Failure to achieve a primary phase 3 trial endpoint sent Versartis Inc. down 88 percent.

The DJIA fell 9.64 points to 22349.59 (+0.4 percent for the week), the S&P 500 added 1.62 points at 2502.22 (+0.1 percent for the week), and the NASDAQ Comp gained 4.23 points at 6426.92 (-0.3 percent for the week). Dow Transports climbed 35.39 points at 9704.38, the Dow Jones Utility Index shed 4.15 points at 726.63, and Russell 2000 small caps ended the session at 1450.78, up 6.59 points. 722 million and 416 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 9 to 5 and 2 to 1 on the NASDAQ.

The US dollar weakened versus major rivals. Concerns regarding North Korean let Gold for December delivery rise 0.2 percent to $1297.50 per ounce for the day, but for the week gold was down over 2 percent. No production cut extension agreement arose from Friday's OPEC committee meeting of major oil producers. Nevertheless, oil prices rose, with November WTI crude settling at $50.66 per barrel, up 0.2 percent for the day and 0.4 percent for the week. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 percent for the 5-year note, 2.3 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. --

US markets mostly took a step back on Thursday as investors digested yesterday's Federal Reserve FOMC meeting. As expected, the Fed did not raise interest rates; they also provided an outline of their balance sheet reduction plan, which they will begin to implement in October. Dow 30 stocks were led on the downside by shares of components Apple Inc., down 1.7 percent, and Procter & Gamble, down 1.9 percent. The technology sector was also dinged by shares of Nvidia Corp. sliding 2.7 percent.

The DJIA fell 53.36 points to 22359.23, S&P 500 was off 7.64 points at 2500.60, and the NASDAQ Comp gave up 33.35 points at 6422.69. Dow Transports added 14.62 points at 9668.99, the Dow Jones Utility Index shed less than a point at 730.78, and the Russell 2000 small caps ended the session at 1444.18, down 1.23 points. 726 million and 426 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Decliners bested advancers on the NYSE 4 to 3, while on the NASDAQ advancers outnumbered decliners 16 to 13.

Post Federal Reserve's Wednesday actions the US dollar deflated versus major rivals, with the US ICE Dollar Index off around 0.3 percent. Gold for December delivery was down 1.6 percent, settling at $1294.80 per ounce. Oil prices dipped as traders cautiously waited for tomorrow's major oil producers meeting. November WTI crude settling at $50.55 per barrel, a loss of 0.3 percent. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 percent for the 5-year note, 2.3 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. --

US stocks markets ended mostly higher Wednesday as investors digested news from the Federal Reserve's FOMC meeting and comments from Fed Chairwoman Janet Yellen. The Fed said a reduction in its asset portfolio of $4.5 trillion would begin in October "gradually and predictably," per Yellen. Interest rates were not changed, meeting expectations. An increase of the fed funds rate in December seems to still be likely.

The Dow 30 gained 41 points at 22412 and the S&P 500 added nearly 2 points at 2508 (yet another record close for both), while the NASDAQ Comp shed 5 points at 6456. Dow Transports soared 147 points at 9654, the Dow Jones Utility Index slid 5 points at 731, and Russell 2000 small caps ended the session 5 points higher at 1445. 836 million and 507 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 4 to 3 and roughly 17 to 13 on the NASDAQ.

The US dollar strengthened versus major rivals in light of the Fed leaving interest rates unchanged for now. Gold for December delivery rose 0.4 percent, settling at $1316.40 per ounce. US/Iran tensions and traders anticipating an upcoming extension of OPEC's production cuts sent oil prices higher, with October WTI crude up 1.9 percent, settling at $50.41 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.9 percent for the 5-year note, 2.3 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. --

US markets were mostly higher on Tuesday. The Dow Jones Industrial Average closed at its 41st record high in 2017, the S&P 500 booked its 36th record high close for the year and the NASDAQ Comp accomplished its 49th. The financial sector helped stocks on the upside -- in particular, insurance led, with shares of Allstate Corp. and Progressive Corp. rising 0.7 and 2.8 percent, respectively. The Federal Reserve's 2-day policy meeting began today; economists are anticipating the Fed will complete the specifics of how to wind down their balance sheet of $4.5 trillion. August's housing starts fell 0.8 percent, coming in at a 1.18 million annual rate compared to July's 1.19 million. New home permits rose 5.7 percent in August; the 1.3 million rate matches January's number.

DJIA gained 39 points at 22370, the S&P 500 added 2 points at 2506, and the NASDAQ rose 6 points at 6461. Dow Transports lost 7 points at 9507, the Dow Jones Utility Index slid 2 points to 736, and Russell 2000 small caps ended the session down less than a point at 1440. 808 million and 450 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 14 to 13, while decliners just barely bested advancers and on the NASDAQ

The ICE US Dollar Index lost a little ground at 91.78, off 0.3 percent. Gold for December delivery settled at $1310.60 per ounce, slipping $0.20. October WTI crude traded down 0.9 percent, settling at $49.48 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 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. --

US markets started the week mostly in the green, with the Dow Jones Industrial Average and S&P 500 setting new record high closes at 22331 (up 63 points) and 2503 (up 3 points), respectively. The NASDAQ Comp added 6 points to 6454. Dow 30 components General Electric and Caterpillar helped that index on the upside, rising 2.3 and 2 percent, respectively. The trajectory for the markets for the next couple of months could be set by any news that arises from this week's two-day Federal Reserve Federal Open Market Committee meeting, which begins tomorrow.

Dow Transports slid 31 points at 9514, the Dow Jones Utility Index shed 7 points at 738, and Russell 2000 small caps ended the session at 1441, up 9 points. 821 million and 471 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 4 to 3 and on the NASDAQ 3 to 2.

The ICE US Dollar Index crept higher on Monday, while Gold for December delivery lost 1.1 percent, settling at $1,310.80 per ounce. October WTI crude was up under 0.5 percent, settling at $49.91 per barrel. Recent US treasury yields: 1.4 percent for the 2-year note, 1.8 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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 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.

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