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Europe: +44 (0) 207 198 1634 Good morning. Ugly, ugly, ugly. Can I say it one more time??? UGLY! Yesterday was the worst day for equities in almost 2 months (July 31st). The Dow got bludgeoned 264 points,1.54%, finishing at 19,946, the S&P 500 was walloped losing 32 points, 1.6%, closing well below 2,000 at 1,965 and the Nasdaq got bazooked […]
Good morning. After three sucky days equities rebounded hard for us with the Dow climbing a whopping 155 points, 0.9%, the S&P 500 adding 16, 0.78%, to 1,998 (still below 2,000 ) and the Nasdaq lopping on 47, 1.03%, ending at 4,555. Yesterday was the best one day percentage gain for the Dow and S&P […]
Good morning. U.S. equities fell for the 3rd straight day with the Dow losing 117 points, 0.68%, to 17,056, the S&P 500 dropping 12, 0.58%, to 1,983 and the Nasdaq off 19, 0.42%, at 4,509. Nearly half of the losses came in the last 20 minutes of trading which is not a good omen. It […]
Good morning. Some bad news in the housing market weighed on U.S equities yesterday. The National Association of Realtors reported sales of previously owned homes (existing) unexpectedly fell in August for the first time in 5 months. Sales fell 1.8% to 5.05 million annualized pace from a revised 5.14 million pace in July. The expectation […]
Good morning. What can one say other than it was an outstanding day for stocks and your 401K! The Dow closed up 109 points at 17,266 and the S&P 500 gained 10 to 2,011. The Nasdaq didn’t close at a new record high but was the biggest percentage gainer on the day closing up 31 […]
Good morning. Stocks closed lower on Friday with the Dow falling 61 and below 17,000 to 16,982, the S7P 500 off 12 to 1,986 and the Nasdaq closing at 4,568, down 24. This is the first week the major indexes have closed down (S&P down 1.2%) after 5 weeks of gains. Let’s not forget though […]
Good morning. After a couple of lousy days we got a nice bounce yesterday with the Dow closing up 55 points at 17,068, the S&P 500 rising 7 to 1,996 (still below 2,000) and the Nasdaq climbing 34 to 4,587. Stepping back though and looking at the forest and not the trees, the market has […]
Good morning. A second straight lousy day for our 401K’s. The Dow lost 98 points, its biggest one day drop in a month, to 17,014, the S&P 500 fell 13 and back below 2,000 to 1,988 and the Nasdaq really got whacked closing down 40 points, 0.9%, to 4,552. Investors had little economic news to […]
Good morning. The S&P 500 rose to 10 points to 2,007 on Friday to a new record as investors shrugged off a weak August jobs report. The Dow gained 68 to 17,137, just shy of its July 16th record, and the Nasdaq climbed 21 to 4,583. Refreshing your memory, Friday morning the Labor Department released […]
