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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Day started good. Ended bad. • ADP data shows U.S. Labor market strong. Boy did it look like it was going to be a very good day. The ADP Research Institute reported yesterday the private sector added 263,000 jobs last month which was not only 70 thousand above the consensus […]
Equities and the Economy: Fed raises interest rates as widely expected. Fed guidance dovish. For the third time since the financial crisis began, the second time in three months and the first time this year, the Fed raised interest rates. Yesterday increase was a widely expected ¼% taking the benchmark overnight interest rate to a […]
Equities and the Economy: • Dow closes at 9th straight record high. • S&P and Nasdaq retreat marginally. The Dow closed up 32 points yesterday, 0.16%, at 20,776 marking its 9th straight record high close. Its recent performance has seen the bourse secure its best record-winning streak since January 1987. That’s 30 years folks! The […]
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 […]
Equities and the Economy: • Dow breaches 20,000. • All three major indexes set new highs. U.S. equities closed at all-time highs yesterday with the Dow, after meandering for a month and a half just below 20,000, breaking through that level. 20,000 really doesn’t mean anything technically (not significant number to technicians) but it is […]
Equities and the Economy: • Dow and S&P 500 suffer minor losses. • Nasdaq closes at new record high. The tech heavy Nasdaq gained 11 points yesterday and while it was only 0.2% it was enough to push the index to a new record closing high of 5,488. The Dow and S&P 500 suffered minor […]
Equities and the Economy: • U.S. stocks post largest daily gains since the election. • Dow, S&P 500 and Russell 2000 hit another record high. U.S. equities closed materially higher with broad gains across almost all sectors. The Dow marked its 3rd consecutive record close adding a big 298 points, 1.6%, closing at 19,550. The […]
Equities and the Economy: Yet another choppy day for U.S. equities. The Dow rose 30 points closing at 18,199 but the other two major bourses, the S&P 500 and Nasdaq, fell 4 and 33 points, respectively with the former ending at 2,139 and the latter at 5,250. The Dow’s performance was noteworthy because the index […]
Equities and the Economy: On Friday U.S stocks had their worst day since June with investors hitting the “sell” button and taking profits. The Dow lost 394 points, 2.1%, ending at 18,085, the S&P 500 shed 53 points, 2.45%, to finish at 2,128 (the biggest one day drop since June 24th, the day after the […]
Equities and the economy Brexit. What Brexit?! Yesterday European and U.S. stocks posted a second consecutive day of super gains with the Dow climbing 285 points, 1.64%, to 17,695, the S&P 500 rose 35 points, 1.70%, ending at 2,071 and the Nasdaq finished up 1.86%, 87 points, at 4,779. Over the last two days the […]
