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Europe: +44 (0) 207 198 1634 Equities and the Economy Yesterday we went from euphoria to chagrin to whew. At this time yesterday Dow futures were up 227 points (euphoria) only to trade lower as the day went on and then going negative a little after 1 PM CST (chagrin) and then recovering in the last 45 minutes of the session […]
Equities and the Economy Yesterday the markets were closed so let’s review the last trading day, which was Friday. I’ll make this like ripping off the Band-Aid, quick and painful. The Dow fell 391 points, 2.39%, ending under 16,000 at 15,988 (we were over 18,000 last July), the S&P 500 lost 42 points, 2.18%, ending […]
Equities and the Economy Boy, that reprieve was short lived. Yesterday U.S. stocks ran up sharp losses with the Dow falling 365 points, 2.21%, to 16,151, the S&P 500 lost 48, 2.50%, ending at 1,890 and the Nasdaq got unadulteratedly destroyed losing a whopping 3.41%, 160 points, to 4,526. The S&P closed below 1,900 for […]
Equities and the Economy U.S. stocks finally had a positive day yesterday with all three major indexes closing higher resulting in being the best day of the year so far! Whoo-hoo! The Dow rose 117 points, 0.72%, finishing at 16,516, the S&P 500 climbed 15, 0.80%, to 1,939 and the Nasdaq closed 1.04% up, 48 […]
Equities and the Economy A really good monthly jobs report boosted stock futures early Friday and in early trade but was not enough to rescue last week being the worst 5 day beginning to a year ever for the U.S. stock market. On Friday, the Dow fell 168 points, 1.02%, to 16,346, the S&P 500 […]
Equities and the Economy And the pain continued. U.S. stocks had their worst day in three months yesterday marking the worst start to a new year for the S&P 500 and Dow Jones ever. Yes in history! On the heels of the Chinese stock market being halted for trading for the second time this week […]
Equities and the Economy It began ugly and ended ugly. I’m talking about U.S. equities. At about this time yesterday Dow futures were down 274 points and although prices did recover a tad intraday the day still ended lousy. The Dow lost 252 points, 1.47%, closing at 16,907 and below 17,000 for the first time […]
Equities and the Economy After three sessions of lower prices, including spanning the new year’s holiday, U.S. equities leveled off with an uneventful day yesterday. The Dow closed up 10 points at 17,159, the S&P rose 4 to 2,017 and the Nasdaq was the laggard falling 12 to 4,891. With respect to economic data yesterday, […]
Equities and the Economy It’s a new year and welcome back. Let’s take a quick look at where stocks ended last Thursday and for the year. Last Thursday, which was the last trading day of 2015 and which seems a year ago (pun intended), equities closed down with the Dow ending down 179 points, 1.02%, […]
Equities and the Economy Santa continues to deliver gifts well past Christmas giving a wonderful present yesterday of materially higher stock prices. The Dow rose a big 193 points, 1.10%, ending at 17,721, the S&P 500 added 22 points, 1.05%, finishing at 2,078 and the Nasdaq was the winner on the day climbing 1.33%, 67 […]
