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Europe: +44 (0) 207 198 1634 Equities and the Economy: • All three U.S major indexes close at record highs. • Global equities also setting record highs. Equities around the world are on a tear! On the heels of a very strong ADP private-sector employment report investors came in buying, well, everything! Forecasts were for 185,000 private sector jobs to […]
Equities and the Economy: • S&P 500 closes at record high. • FOMC minutes of May meeting reinforce rate hike coming. Like a boxer getting knocked to the mat, i.e., last Wednesday, U.S. equities bounced up and keep on fighting. Yesterday the S&P 500 closed 6 points higher at 2,404 and while the gain was […]
Equities and the Economy: • Major indexes close higher for second consecutive day. • Dow and S&P post second week of losses. The major indexes logged a second day of gains on Friday with the Dow closing 142 points higher at 20,805, the S&P 500 ended 16 points up at 2,382 and the Nasdaq added […]
Equities and the Economy: • U.S stocks retreat. • Dow closes lower for 3rd consecutive day. U.S. equities closed lower yesterday. The Dow shed 24 points closing lower for the third straight session at 20,919, the S&P 500 pulled back from its record close falling 5 points ending at 2,394 and the Nasdaq also retreated […]
Equities and the Economy: • Political wrangling in Washington doesn’t impact stocks. • Nasdaq closes higher for 4th consecutive day. President Trump’s surprise, some would say “stunning”, firing of FBI Director Comey Tuesday certainly wasn’t positive for U.S. stocks, but it sure didn’t cause investors to panic. The Dow fell 33 points finishing at 20.943, […]
Equities and the Economy: • Stocks end mixed. • Fed leaves interest rates unchanged. U.S. equities ended mixed yesterday with the Dow gaining 8 to 20,958 but the other two major indexes fell. The S&P 500 lost 3 to 2,388 and the red-hot Nasdaq fell 23 points to 6,073. Chatter. Let’s move on. The FOMC […]
Equities and the Economy: • U.S. equities close lower on Friday. • Dow logs best week of 2017. U.S. stocks finished lower on Friday with the Dow falling 41 points closing at 20,941, the S&P 500 slipped 5 points to 2,384 and the Nasdaq finished basically flat to Thursday off a point at 6,048. However, […]
Equities and the Economy: • After two big days stocks pause. • Trump Administration rolls out tax reform plan. After two outstanding days U.S. equities took a breather yesterday ending little changed to Tuesday. The Dow fell 21 points to 20,975 and the S&P 500 closed down 1 point at 2,387. Intraday the Nasdaq hit […]
Equities and the Economy: • First Goldman, now IBM. • Dow closes at lowest level since February 10th. Tuesday it was Goldman Sachs’ disappointing earnings that sent the Dow lower. Yesterday it was IBM. The company reported weaker than expected sales in Q1 and investors punished the company pushing its stock price down 3.9%, its […]
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 […]
