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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Dow marks 6th consecutive record, barely. • S&P and Nasdaq retreat marginally. U.S. stocks ended little changed yesterday but it was enough for the Dow, which rose 8 points to 20,620, to set a 6th straight record high. The S&P 500 closed down 2 points at 2,347 and the Nasdaq […]
Equities and the Economy: It got a little scary yesterday after The Institute of Supply Management released its manufacturing index for August noting a fall from July’s 52.6 to 49.2 and most importantly, below 50 which is the demarcation between expansion and contraction. This was the first time in 6 months the index fell with […]
Equities and the Economy Good morning. Not a good day folks. Not a good day at all. U.S. equities followed European stocks lower with the latter closing down between 2.12% and 2.76% while stocks here in the U.S. fell about the same. When the bloodletting was over the Dow lost 313 points, 1.92% closing at […]
IT’S summertime. The season when you can write your name in the condensation on the windows at Starbucks, people pull on parkas to go to the movies and judges have been known to pause proceedings so bailiffs can escort jurors outside the courthouse to warm up. On these, the hottest days of the year, office […]
