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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S. stocks continue to climb the Wall of Worry closed marginally higher yesterday with the Dow up 46 points to 18,538, the S&P 500 up 7 to 2,186 and the Nasdaq up 26 to 5,276 which is a record high for the tech heavy index! By the way, climbing the Wall […]
Equities and the Economy: It was “bad news is good news” on Friday with the closely watched Labor Department’s Employment Situation Report for July released. The bad news was that per the department 151,000 jobs were added in the month with economists forecasting an increase of 180,000. The good news was that investors interpreted the […]
Equities and the Economy: It got a little scary yesterday after The Institute of Supply Management released its manufacturing index for August noting a fall from July’s 52.6 to 49.2 and most importantly, below 50 which is the demarcation between expansion and contraction. This was the first time in 6 months the index fell with […]
Equities and the Economy: The Dow closed down 53 points yesterday closing at 18,401 and in the process snapped a six month winning streak posting a 0.2% loss for the month August. The S&P 500’s five month rally came to an end falling 0.1% for August after losing 5 points yesterday to finish at 2,171. […]
Equities and the Economy: After rising on Monday on the lowest volume of the year, U.S. equities retraced a bit yesterday with the Dow falling 49 points closing at 18,454, the S&P 500 off 4 to 2,176 and the Nasdaq down 9 to 5,223. The market has been in a pretty tight range since the […]
Equities and the Economy: The day began in a lackluster fashion but didn’t stay that way for long. About an hour after the opening investors came in buying and continued to do so throughout the session with the financial sector leading the way. The Dow closed up 108 points, 0.58%, at 18.503. The S&P 500 […]
Equities and the Economy: Friday was the event investors had been waiting for all week which was our Fed Chairperson, Janet Yellen, speaking from Jackson Hole, WY (beautiful place!). Yellen told a gathering of central bankers from around the world the U.S. economy was nearing the central bank’s goals of maximum employment and price stability […]
Equities and the Economy: ANOTHER amazingly lackluster day yesterday. The Dow fell 33 to 18,488, the S&P 500 lost 3 to 2,172 and the Nasdaq finished down 5 to 5,212. Volume continues to be anemic. It’s as if the market is in a state of suspended animation. Everyone’s waiting on Janet Yellen who will be […]
Equities and the Economy: U.S. stocks had a moderately lousy day with all three major indexes closing lower. The Dow lost 66 points, 0.25%, finishing at 18,481, the S&P 500 lost 11, 0.52%, ending at 2,175 and the Nasdaq closed down 42, 0.81%, at 5,217. The indexes are at their lowest levels since early August. […]
Equities and the Economy: On the heels of a great new home sales report U.S. equities posted marginal gains. The Dow added 18 points to 18,547, the S&P 500 rose 4 to 2,187 and the Nasdaq finished up 15 points at 5,260. Intraday the Nasdaq traded at a record high and the S&P flirted with […]
