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Europe: +44 (0) 207 198 1634 Equities and the Economy Today’s Blog will be shorter than normal because I had a meeting this morning which is delaying the Blog. U.S. equities closed marginally higher yesterday with the Dow up 53 points to 16,485, the S&P 500 closing 9 at 1,929 and the Nasdaq up 39 to 4,542. That isn’t much, but […]
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 No sense sugar coating it. 2016 began abysmally. It was the worst first trading day of the year in 15 year. The Dow lost 276 points, 1.58%, finishing at 17,149, the S&P 500 fell 31, 1.51%, to 2,103 and the Nasdaq closed 104 points lower, 2.09%, and once again under 5,000 […]
Equities and the Economy U.S. equities closed lower for the 3rd consecutive day yesterday. The Dow closed down 76, 0.43%, at 17,492, the S&P 500 lost 16, 0.76%, to 2,048 and the Nasdaq got pounded losing 1.48%, 75 points, to 5,023. As of yesterday the S&P joined the Dow in negative territory for the year. […]
Equities and the Economy After a few lackluster sessions U.S. equities jumped nicely yesterday with the Dow gaining 168 points, 0.85%, ending at 17,888, the S&P 500, the winner for the day, climbed 23 points, 1.09%, to 2,103 and the Nasdaq added 47, 0.93%, to 5,156. The S&P closed above 2,100 for the first time […]
Equities and the Economy U.S. stocks bounced back nicely yesterday from initial knee jerk selling on the news of Turkey shooting down a Russian military jet. In the morning Dow futures were down over a hundred points but rallied back nicely with all the major bourses closing in the green, marginally, but in the green. […]
Equities and the Economy Good morning. Call it a late year rally. Call it a holiday rally. Call it whatever you want. But call it good. Yesterday the Dow posted a super day rising a big 248 points, 1.42%, closing at 17,737, the S&P 500 rose 34 points, 1.64%, to 2.084 and the Nasdaq was […]
Equities and the Economy October 2105 was the best month for U.S. equities in four years and the momentum carried into the first trading day of November with all the indexes posting very nice gains. The Dow climbed 165 points, 0.94%, to 17,829, the S&P 500 jumped 25, 1.18%, to 2,104 and the Nasdaq was […]
Equities and the Economy Good morning. It was a subdued day of trading yesterday with the Dow closing down 24 points at 17,623, the S&P 500 falling 4 to 2,071 and the Nasdaq actually climbing 3 to 5,035. The combination of big gains last Tuesday and Friday and the two day FOMC meeting, which begins […]
Equities and Economy Good morning. U.S. stocks lower yesterday with the Dow breaking a 3 day winning streak falling 13 points finishing at 17,217. The S&P 500 traded within a tight 12 point range ending off 3 points at 2,031. The more volatile Nasdaq lost 25 points to 4,881. In summary, it was another lackluster […]
