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Europe: +44 (0) 207 198 1634 Equities and the economy Yesterday was a fairly quiet albeit choppy day with the major indexes eking out marginal gains. The Dow closed up 22 at 17,624, the S&P 500 added 2 to 2,052 and the Nasdaq closed at 4,809, up 13. But always up is better than down even if it is marginal and […]
Equities and the Economy Laissez Les Bon Temps Roulez! It’s official. The S&P 500 has joined the Dow in being positive for 2016 with the major indexes closing higher 5 consecutive seeks. A combination of improving conditions and the Fed’s dovish tone last week on monetary policy, i.e. interest rates, prompted investors to take on […]
Equities and the economy We’re back! As of yesterday’s closes the Dow is now positive for the year and the S&P 500 is just barely below it. The Nasdaq still has a ways to go being bogged down this year by biotech stocks. The Dow had a healthy gain of 156 points, 0.9%, finishing at […]
Equities and the economy We had a second consecutive day of lackluster trading in equities with the Dow closing up 22 at 17,252 while the S&P 500 and Nasdaq both closed lower. The former 4 to 2,016 and the latter by 22 to 4,729. With the bevy of central bank meetings investors are on hold, […]
Equities and the economy Unsurprising to me, yesterday was a quiet day for U.S. stocks with the Dow closing up 16 at 17,229, the S&P 500 slipping 3 to 2,020 and the Nasdaq inching up 2 points to finish at 4,750. By the way, that Dow close was a new high for the year. I […]
Equities and the Economy Friday was an exceptional day for U.S. equities with the S&P 500 breaking through another resistance level. The Dow rose a big 218 points, 1.3%, ending at 17,213, the S&P 500 rose 33 points, 1.6%, breaking through and closing above the resistance of 2,008 at 2,022 and the Nasdaq advanced 86 […]
Equities and the Economy Yesterday was an extremely volatile day with the Dow having more than a 300 point swing! Before the U.S. open and while the European markets were trading ECB president Mario Draghi announced in his post-meeting press conference that basically the ECB was going “full monty” on QE which sent both European […]
Equities and the Economy The penultimate of the ECB meeting was a fairly quiet one for U.S. stocks with the oil/equity relationship remaining intact. Oil prices recovered and stock prices ended higher. The Dow closed up 36 points right at 17,000, the S&P 500 added 10 to 1,989 and the Nasdaq finished 26 points higher […]
Equities and the Economy U.S. stocks snapped their five day win streak closing lower dragged down by falling oil prices and concerns about a prolonged slowdown in the Chinese economy. The Dow fell 110 points, 0.64%, to 16,964, the S&P 500 dropped by 23, 1.12%, to 1,979 and the Nasdaq was off 59, 1.26%, to […]
Equities and the Economy It wasn’t much, but it was enough to sustain the rally for a 5th consecutive session, at least for the Dow and S&P 500. The Dow gained 67 points closing at 17,074 and the S&P added 2 to 2,002 (note that recently we’ve been bumping up at the 2,000 resistance level). […]
