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Europe: +44 (0) 207 198 1634 Equities and the Economy: Stocks close lower on Friday. Dow and S&P log second consecutive down week. U.S. equities closed out the week on a down note with the Dow shedding 100 points to 23,358, the S&P 500 posting a loss of 7 points to 2,579 and the Nasdaq sliding 11 points to 6,783. Both […]
Equities and the Economy: • S&P and Nasdaq log new record highs. • Q3 GDP posts solid growth for second consecutive quarter. On Friday both the S&P 500 and Nasdaq set new record highs. The S&P ended 21 points higher at 2,581. The Nasdaq advanced a whopping 144 points (2.2%!) ending at 6,701 logging its best […]
Equities and the Economy: • More records! • House passes 2018 budget. U.S. stocks continue to set record highs! Yesterday the Dow posted a hefty gain of 114 points, 0.5%, finishing at its 46th record close at 22,775. The S&P 500 rose even more on a percentage basis, 0.6%, up 14 points to 2,553, it’s […]
Equities and the Economy: • Equities rally to again set record highs. • Fundamentals continue to be supportive. Four main stock benchmarks set new record highs yesterday. The Dow popped 153 points, 0.7%, finishing at 22,558, the S&P 500 advanced 10 points, 0.4%, ending at 2,529, the Nasdaq tacked on 21 points, 0.3%, to 6,517 […]
Equities and the Economy: • Q2 GDP revised up. • S&P, Nasdaq and Russell post yet another record high. U.S. equities wrapped up last week, the month and quarter on a high note with the S&P 500, Nasdaq and Russell 2000 hitting all-time highs on Friday. The S&P gained 9 points to 2,519 closing at […]
Equities and the Economy: • Equities meandering. • Yellen strongly implies one more rate hike coming this year. U.S. stocks have been meandering of late including yesterday. The Dow slipped 12 points yesterday closing at 22,284 and while this is the Dow’s 4th consecutive day of posting losses, the loss has only been 0.6% since […]
Equities and the Economy: Nasdaq finishes at new record high. Main indexes post 5th consecutive monthly gain. U.S. equities ground higher yesterday with the Dow closing up 60 points closing at 21,952 and the S&P 500 adding 14 points finishing at 2,472. The Nasdaq gets all of the attention though with its gain of a […]
Equities and the Economy: U.S. stocks rise on positive economic reports. Q3 GDP revised higher. On a couple of economic reports yesterday U.S. stocks posted gains with the Dow closing up 15 points to 21,880, the S&P 500 gained 10 points finishing at 2,457 and the Nasdaq popped a nice 64 points, 1.02%, ending at […]
Being Houston remains in dire straits and I am the only one in the office again, this will be a condensed Morning Energy Blog. And it’s still raining. Equities and the Economy: Another quiet day. Market looking for direction. It was another day of low volume and lack of conviction amongst investors. The Dow closed […]
Equities and the Economy: • Stocks end little changed. • July Retail sales strong. U.S. stocks ended little changed yesterday with the Dow closing up 5 points at 21,999, the S&P 500 falling a single digit to 2,465 and the Nasdaq dropping 7 to 6,333. Pure chatter evidenced by the fact the trading volume yesterday […]
