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Europe: +44 (0) 207 198 1634 Equities and the Economy: • U.S. stocks suffer marginal loss yesterday. • Disappointing auto sales weigh. U.S. equities closed marginally lower yesterday under the weight of disappointing auto sales. The Dow lost 13 points ending at 20,650, the S&P 500 closed down 4 at 2,359 and the Nasdaq fell 17 points to 5,895. GM, Ford […]
Equities and the Economy: • Stocks post marginal losses on Friday. • Solid gains for Q1. The major U.S. stock indexes closed marginally lower on Friday with the Dow falling 65 points to 20,663, the S&P 500 off 5 to 2,363 and the Nasdaq losing 3 points to 5,912. Looking at it from a longer […]
Equities and the Economy: • U.S. stocks close higher on upwardly revised Q4 2016 GDP. • Nasdaq logs 21st record high. The Commerce Department reported revised Q4 2016 GDP data yesterday noting GPD for the quarter rose 2.1%, up from the previously reported 1.9%. The rise was due to increased consumer spending which rose 3.5% […]
Equities and the Economy: • Mixed and muted session with below average volume. • All eyes on the House. It was a quiet day on Wall Street yesterday with the major indexes closing basically flat to Wednesday on below average volume. The Dow lost 5 points to 20,657, the S&P 500 fell 2 to 2,346 […]
Equities and the Economy: • Stocks close lower for second consecutive day. • Market in consolidation. U.S. equities closed lower for a second consecutive day with the Dow off 30 points to 20,925, the S&P 500 ending down 7 points at 2,368 and the Nasdaq falling 15 to 5,834. Yesterday was the first time we’ve […]
Equities and the Economy: • Stocks close lower. • Lofty forward P/E ratios and higher interest rates not compatible. Yesterday stocks retreated on what I consider normal price action. The Dow fell 51 points closing below 21,000 at 20,954, the S&P 500 lost 8 points to 2,375 and the Nasdaq dropped 22 points to 5,849. […]
Equities and the Economy: • U.S. stocks post best day of 2017. • Dow closes above 21,000 for the first time ever. WOW! What a day! Not only did all the major indexes close at record levels, they did it in grand fashion! The Dow broke through the 21,000 barrier surging 303 points, 1.5%, to […]
Equities and the Economy: • Dow 12 day winning streak breaks. • Rally is resuming today. All three major indexes closed lower yesterday including the Dow which broke its 12 day winning streak, its longest winning streak since 1987. However, the losses for the Dow and S&P 500 were minor. The Dow fell 25 points, […]
Equities and the Economy: • Dow posts 11th straight record. • S&P 500 has 5th weekly gain. U.S. equities have been screaming the last 3 ½ months and the party continued Friday. The major indexes traded in the red for almost the entire day but staged, literally, a last minute rally ahead of the closing […]
Equities and the Economy: • U.S. stocks post record highs for 5th consecutive session. • Lots of good economic news yesterday. U.S. stocks continue to march higher with all three indexes posting new record highs yesterday. The Dow closed up a hefty 107 points, .052%, to 20,612, the S&P 500 added 12, 0.50%, to end […]
