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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks pull back from record territory. • Falling Merck shares and fiscal policy drivers. U.S. stocks pulled back from record territory yesterday with the Dow closing down 85 points at 23,349, the S&P 500 losing 8 points to 2,573 and the Nasdaq Composite slipping 2 points to 6,699. A couple of […]
Equities and the Economy: • S&P and Nasdaq log new record highs. • Q3 GDP posts solid growth for second consecutive quarter. On Friday both the S&P 500 and Nasdaq set new record highs. The S&P ended 21 points higher at 2,581. The Nasdaq advanced a whopping 144 points (2.2%!) ending at 6,701 logging its best […]
Equities and the Economy: • Equities rebound. • Strong corporate earnings reports. After suffering their biggest daily decline in 7 weeks, the Dow and S&P 500 rebounded, however, the Nasdaq edged lower. The Dow posted a 71 point gain to 23,401 and the S&P 500 added 3 points to 2,560, but the Nasdaq slipped 7 […]
Equities and the Economy: • U.S. stocks have worst day in 2 months. • Corporate earnings disappoint. I have something new to report. Stocks fell yesterday. Lately we’ve been like very spoiled children for day after day the major U.S. stock indexes have risen, if not set new record highs. No markets go straight up […]
Equities and the Economy: • Dow sets yet another record high. • Corporate earnings driving market. Yesterday the Dow catapulted to a new record high closing up a big 168 points, 0.72%, at 23,442 driven by good earnings reports from a couple of its members. The blue-chip index posted its biggest daily percentage gain in […]
Equities and the Economy: • Stocks end 6 session win streak. • Markets bivouacking. U.S. stocks closed lower yesterday snapping their 6 session winning streak. The Dow fell 55 points to 23,274, the S&P 500 lost 10 points ending at 2,565 and the Nasdaq dropped 42 points to 6,587. Momentum was waning and profit taking […]
Equities and the Economy: • More record closing highs. • Corporate earnings and tax reform drivers. All three major U.S. stock indexes closed at record highs on Friday. The Dow rose 166 points, 0.71%, to 23,329, the S&P 500 gained, 13 points, 0.51%, to finish at 2,575 and the Nasdaq added 24 points, 0.36%, to […]
Equities and the Economy: • Dow and S&P 500 post another record high. • Weekly unemployment claims lowest in 44 years. U.S. equities overcame serious selling pressure early to close pretty much unchanged. The Dow, which was down more than 100 points at one point, clawed its way back to close up 5 points at […]
Equities and the Economy: • Dow closes above 23,000 for first time! • Al three major indexes finish at record highs. Thanks to IBM the Dow closed over 23,000 for the first time ever. The blue-chip index posted a hefty 160 point gain, 0.7%, ending at 23,158 thanks to IBM who’s stock price popped a […]
Equities and the Economy: • Upbeat economic data. • Nasdaq sets record high. Positive economic data pushed stocks higher on Friday. The Labor Department reported that the consumer price index rose 0.5% in September and 2.2% on an annual basis. This is the biggest increase in 8 months as hurricanes Harvey and Irma boosted demand. […]
