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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks move higher on prospects of tax bill passing. • All three major indexes close at records. U.S. equities have been moving up or down the last few weeks following the prospects of the tax reform bill passing. On Thursday Senators Rubio and Corker had concerns about the bill and […]
Equities and the Economy: • Dow ends 5 session advance. • Equities moving on tax bill news. The Dow broke its 5 session, 4 record high advance yesterday closing down 77 points at 24,509. The S&P 500 fell 11 points, 0.41%, to 2,652 and posting its largest daily percentage drop since November 15th. Don’t panic […]
Equities and the Economy: • Dow closes at record high. • Fed raises interest rates. As almost universally expected, the Fed raised the overnight lending interest rate (Fed funds rate) a ¼% yesterday marking its 3rd rise in 2017 to 1.5%. The increase was baked into the markets and the equity action was choppy yesterday. […]
Equities and the Economy: • More records. • U.S. wholesale inflation near 6 year high. The Dow and S&P 500 closed at record highs for a 4th consecutive session yesterday. The Dow posted a healthy gain of 119 points, 0.5%, finishing at 24,505 and the S&P rose 4 points, 0.2%, ending at 2,664. The rotation […]
Equities and the Economy: • More record highs. • Busy week for central banks. Investors shrugged off the news of a terrorism incident in New York City and took both the Dow and S&P 500 to new record highs yesterday. The Dow rose 57 points to 24,386 and the S&P gained 8 points to 2,660. […]
