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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks slip. • Disney weighs on Dow. U.S. equities slipped for a second day with the Dow closing down 37 points at 22,049, the S&P 500 off a point to 2,474 and the Nasdaq falling 18 to 6,352. Walt Disney Company, who announced they are going to end their distribution […]
Equities and the Economy: • Dow closes at record high. • May be seeing some profit taking. Although the S&P 500 and Nasdaq closed lower, down 2 at 2,475 and down 41 to 6,382, respectively, the Dow managed to post a new record high gaining 86 points closing at 21,797. The latter was driven higher […]
Equities and the Economy: • Multiple major U.S. indexes hit yet another record high. • Corporate earnings the driver. Better than expected corporate earnings from Morgan Stanley brought out the buyers yesterday who pushed numerous U.S. indices to new record highs including the Dow, S&P 500 and Nasdaq. The Dow climbed 66 points to 21,641, […]
Equities and the Economy: • Nasdaq back to its winning ways. • Housing market still on fire. The Dow and S&P 500 ended little changed on Friday with the former slipping 3 points to 21,385 and the latter rising 4 points to end at 2,438. The Nasdaq, which had a flash crash earlier this month, […]
Equities and the Economy: • Equities end slightly lower. • Globally, investors slightly more cautious. U.S. stocks ended marginally lower yesterday with the Dow closing down 22 points at 21,184, the S&P 500 ended off 3 points to 2,436 and the Nasdaq fell 10 to 6,296. Not really a big deal being we had multiple […]
Equities and the Economy: • S&P and Nasdaq break 7 session winning streak. • Losses very minimal. The S&P 500 and Nasdaq both closed lower yesterday breaking their seven consecutive session winning streak. The S&P closed down 3 points to 2,413 and the Nasdaq was off 7 points to 6,203. These losses are extremely minimal […]
Equities and the Economy: • Major indexes close higher for 4th consecutive day. • Dow and S&P on longest winning streak since late February. The three major U.S. indexes all finished higher yesterday, albeit marginally, marking a 4th consecutive day of higher closes. The Dow rose 43 points ending at 20,938 and the S&P 500 […]
Equities and the Economy: • Dow and S&P post first weekly loss in nearly a month. • Lack of volatility persists. On Friday the Dow closed down 23 points finishing at 20,897 and the S&P 500 slipped 4 to 2,391. However, the Nasdaq, which has been el fuego for the last few weeks, squeaked out […]
Equities and the Economy: • Lackluster trading on May Day. • Nasdaq posts yet another record high. With many markets around the globe closed for International Workers Day, aka May Day, trading was muted here in the U.S, at least for the Dow and S&P 500. The former dipped in and out of positive territory […]
Equities and the Economy: • Stocks end materially lower. • Unexpectedly weak earnings from Goldman Sachs and Johnson & Johnson to blame. I’ve been telling you that S&P 500 P/E ratios are lofty and a company’s earnings better come in at expectations or its stock will get pounded, and that’s exactly what happened yesterday, at […]
