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Europe: +44 (0) 207 198 1634 Good morning. The Dow and S&P 500 set another both intraday and closing high yesterday with the former adding 33 points to 17,913 and the latter 8 points to 2,074. I’m about to give you staggering statistic. This year the Dow has closed at a record high 48 times and the S&P 33 times! If […]
Good morning. U.S. stocks bounced nicely from Monday’s losses yesterday driven by fundamental news. Yesterday the Dow climbed a nice 103 points closing at 17,880, the S&P 500 jumped 14 to 2,067 and the Nasdaq was up 29 to 4,756. Driving equities higher was positive news on the construction front with spending rising a stout […]
Good morning. Black Friday, and the whole weekend, turned out to be exactly that for retailers. The trade group National Retail Federation said Sunday that total spending over the Thanksgiving weekend were down 11% from last year. That and Moody’s downgrade of Japan’s credit rating weighed on the equities with the Dow losing 51 points […]
Good morning. I hope everyone enjoyed the holiday and got a chance to spend time with your loved ones. Let’s see what’s transpired since last Monday which was the last closing data reported. On that day the Dow and S&P 500 closed at record highs of 17,818 and 2,069, respectively. The Nasdaq closed at 4,755. […]
Good morning. Once again the Dow and S&P 500 set record highs but by the barest of margins. The Dow added a mere 8 points to 17,818 and the S&P gained 6 to 2,069. The bellwether S&P has risen 7 of the last 8 days and has gained 12% this year. Remember, this is after […]
Good morning. Equities around the world got a one-two punch for global growth on Friday! Kudos go to Mario Draghi but even more to the People Bank of China (PBOC). Mr. Draghi, President of the ECB, stated on Friday the economy in the eurozone was weaker than had been feared and inflation lower than had […]
Good morning. World markets slipped. Japan’s yen fell to another 7 year low. And the Dow and S&P 500 hit record highs again with the former closing 33 points higher at 17,719 and the latter adding 4 points to 2,053. This was a nice rebound for when I wrote this report yesterday morning Dow futures […]
Good morning. After hitting new highs on Tuesday U.S. equities slipped back yesterday but the damage was extremely minor. The Dow lost 2 to 17,686, the S&P 500 ended down 3 to 2,049 while the Nasdaq fared much worse shedding 27 points to 4,676. Not bad considering the S&P has hit 8 record highs and […]
Good morning. It appears investors are getting into the holiday season. Yesterday they once again pushed the Dow and S&P 500 to record highs. Whoo-hoo-hoo! The numbers were the Dow popped 40 points, 0.2% to 17,688, the S&P 500 rose 11, 0.5%, to 2,052 and the Nasdaq did the best up 31 points, 0.7%, to […]
Good morning. Natural gas gets the lead position today. The cold weather over the past week or so has been a crank on a spring turning it tighter and tighter and tighter. Yesterday the spring sprung in full force. The December natural gas contract exploded 32.1¢, 6.9%, higher yesterday closing at $4.341. Yesterday’s move was […]
