Investors were guardedly optimistic last Monday as several countries and some states began to reopen their economies. The Russell 2000 jumped by nearly 4.0%, while the remaining indexes listed here all grabbed positive gains of at least 1.1%. Indexes were mixed on Tuesday as the large caps of the Dow and S&P 500 lost less […]
Read MoreAuthor: kadon
Weekly Update as of market close April 24, 2020
The week started with stock indexes falling sharply on the heels of an historic plunge of crude oil into negative territory. The Dow dropped nearly 600 points and more than 2.4% by Monday’s close. Minimal demand sent the prices for crude oil (CL=F) to -22.02 per barrel — down 222.06%. Stocks continued to tumble on […]
Read MoreWeekly Update as of market close April 17, 2020
Last weekend, Russia, Saudi Arabia, and other major oil-producing countries agreed to slash production as oil prices had fallen about 50% from their January peak. Lack of demand, primarily due to COVID-19, has sent oil prices tumbling. The stock market started out slowly on Monday but picked up some steam to pare losses. Of the […]
Read MoreWeekly Update as of market close April 9, 2020
In observance of Good Friday, the stock market closed for business at the final bell last Thursday. The week started out with a bang as stocks soared in value on Monday with each of the benchmark indexes posting sizable gains. Investors were buoyed by the latest data, which showed that the spread of COVID-19 may […]
Read MoreWeekly Update as of market close April 3, 2020
Stocks continued to rally at the beginning of last week amid hopes of enhanced testing for COVID-19. But by the end of the day Wednesday stocks slid, with the S&P 500 and Nasdaq posting their largest single-day declines since March 18. Energy shares in particular were hit hard. The Dow fell 4.4% and the small […]
Read MorePaycheck Protection Program (PPP) Information -APPLY NOW
Many TCK clients are business owners or it’s probably safe to say everyone knows a business owner who could use this information. Please follow the links to learn more about forgivable loans to small businesses (less than 500 employees) to pay their employees during the COVID-19 crisis. Business owners are encouraged to start a conversation […]
Read MoreWeekly Update as of market close March 27, 2020
Stocks opened the week as they closed the previous one — in a tailspin. However, aggressive moves by the Federal Reserve late in the day, coupled with the hope of a massive aid package from Congress, helped push stocks higher during early trading Tuesday. News of the passage of massive stimulus legislation (see below) was […]
Read MoreThe Trust Company of Kansas’ COVID-19 Response
The Trust Company of Kansas (TCK), like other businesses, is reacting to the rapidly evolving reality surrounding the COVID-19 global pandemic. TCK falls under the ‘essential business’ definition as a ‘financial institution’ under the stay-at-home orders currently affecting its office locations. TCK will continue to provide services to our clients and the communities we serve. […]
Read MoreWeekly Update as of market close March 20, 2020
Following the Fed’s latest interest rate cut last weekend, stocks opened markedly lower on Monday, prompting the third circuit breaker in the last six sessions as trading was halted only seconds after the opening bell. By midmorning on Monday, the Dow had lost 8.5%, the S&P 500 slid 7.7%, and the Nasdaq fell 7.8%. By […]
Read MoreDO THE RIGHT THING
Now is not the time to sell quality equities. The S&P 500 index closed down 30% from its all-time high just 18 trading days ago. At the same time, it is worth remembering that Monday’s low close was 253% above the Great Recession low on March 9, 2008. Investors need to stay focused on their […]
Read More