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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. A very small gain yet yielding another record high for the S&P 500. Yesterday the bellwether index started out lower but eked out a 3 point rise closing at an even 2,100 putting it into new territory. The Dow rose 28 points closing at 18,048 and the Nasdaq added […]
Equities and the Economy Good morning. As I’m sure you know, yesterday the U.S. stock market was closed for President’s Day so we need to go back to Friday for the last price action. On that day stocks closed marginally higher with the Dow climbing 47 points to 18,019 and the S&P 500 rising 9 […]
Equities and the Economy Good morning. Here’s something I bet you wouldn’t expect me to tell you this morning. The S&P 500, which gained 20 points (0.94%) yesterday to 2,088, closed at its highest level this year. Now we’re not at its all-time high set on December 29th at 2,094, but we’re getting pretttttty darn […]
Equities and the Economy Good morning. It’s been a week since the last report so let’s step back just a little bit and see what’s transpired. A week ago the Dow, S&P 500 and Nasdaq ended at 17,666, 2,050 and 4,728, respectively. Yesterday they closed at 17,862, 2,069 and 4,801, respectively. So over the course […]
Equities and the Economy Boom! Did you hear the equity rocket take off yesterday setting off the sonic boom? A super, duper 305 point, 1.76% sonic boom! That’s what the Dow did yesterday closing at 17,666. Of course the two other major indexes also went into the stratosphere with the S&P 500 closing up a […]
Good morning. It was looking like it was going to be a bad day yesterday driven by a report from the Commerce Department stating consumer spending fell in December 0.3% which was worse than the 0.2% economists were forecasting. Additionally, November’s number was revised downward from a 0.6% increase to 0.5%. That’s a big swing […]
Good morning. The only person who might be feeling worse than Seattle Seahawk’s fans is Tiger Woods. Why? Because on Friday he shot his worst round ever as a professional golfer, an 82, and also his worst ever 9 hole score, a 44. Now it sure would be a lot of fun to talk about […]
Equities and the Economy Good morning. An interesting phenomenon is happening right now. I’ve seen this happen occasionally and it’s happening once again. That is that equity traders are taking their cues from the movements in the price of oil, specifically WTI. Early in the day WTI was getting pounded and equities were trading negative […]
Equities and the Economy Good morning. It was looking pretty good yesterday for most of the day with U.S. stocks trading nicely in the green, and then the bottom fell out. The FOMC finished its regularly scheduled two day meeting yesterday and released its post-meeting communique at around 2 PM Eastern and the market didn’t […]
Equities and the Economy Breaking a four day winning streak the Dow and S&P 500 closed lower on Friday with the former losing 141 points (0.8%) ending at 17,673 and the latter off 11 points (0.6%). The Nasdaq bucked the trend closing 7 points higher (0.2%) at 4,757. The day might not have been good […]
