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Europe: +44 (0) 207 198 1634 Equities and the economy It was not a good day for U.S. stocks yesterday with the major indexes falling to three week lows. The Dow fell 140 points, 0.8%, to 17,751, the S&P 500 lost 18, 0.9%, to 2,063 and the Nasdaq closed down 54 points, 1.1%, at 4,763 with the latter having only one […]
Equities and the economy U.S. equities skyrocketed yesterday, and you’ll never guess who you have to thank for it. Yes, that’s a “who” not a “what.” First the numbers. The Dow popped 165 points, 0.94%, finishing at 17,721, the S&P 500 rose 20 points, 0.97%, to 2,062 and the Nasdaq ended 0.80% higher, 39 points, […]
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). […]
Equities and the Economy U.S. stocks took a small step backward yesterday. The Dow fell 123 points, 0.73%, to 16,517, the S&P 500 ended off 16, 0.82%, to 1,932 and the Nasdaq fell 0.71%, 32, to 4,558. Really just a flesh wound. Looking at the indexes from a longer term perspective, which is how most […]
Equities and the Economy It was a sedate day Friday with U.S. stocks beginning the day on a positive note trading higher but ending mixed held back by marginally lower oil prices but more so a stronger dollar. When the closing bell rang the Dow was off 57 to 16,640, the S&P 500 settled 4 […]
Equities and the Economy After a three day hot streak the dice came up 7 and U.S. stocks crapped out with the Dow losing 189 points, 1.14%, ending at 16,432, the S&P 500 fell 25 points, 1.26%, to 1,921 and the Nasdaq closed down 67, 1.46%, at 4,504. I bet you can guess what’s being […]
Equities and the Economy Unfortunately Super Bowl Monday began where Super Bowl Friday ended with another wave of selling sending U.S. equities markedly lower. The Dow fell 178 points, 1.1%, to 16,027, the S&P 500 sank 27, 1.4%, to 1,853 and the Nasdaq ended down 79, 1.8%, at 4,284. And it could have been worse. […]
Equities and the Economy The big news affecting the market yesterday was what the FOMC would say in its post meeting communique at 2:00 PM EST. As a matter of background, the message the Fed was sending in December 2015 was there would be multiple (4?) interest rate increases in 2016. Then oil prices and […]
Equities and the Economy Waving the white flag. Throwing in the towel. Capitulation. All were done at 11:47AM Central time yesterday. That’s when the Dow was down a portfolio destroying 565 points from Tuesday’s close. Very fortunately we didn’t end there, although it was still a very, very ugly day. The Dow closed down a […]
