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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S. equities close marginally lower. Market looking for a ¼% hike in interest rates today. U.S. stocks closed marginally lower yesterday dragged down by the Asian markets and energy stocks with crude oil prices closing lower on considerably below average volume due to winter storm Stella. The Dow closed down 44 […]
Equities and the Economy: • Equities globally consolidate yesterday. • FOMC and BoJ meetings this week. Consolidation was the order of the day not just parochially but catholically with the U.S., Asian and European markets generally closing little changed. Focusing on the U.S., the Dow slid 22 points to 20,881, the S&P 500 gained a point […]
Equities and the Economy: • February jobs report “Goldilocks”. • U.S. post minor losses for the week. Although U.S. stocks closed higher on Friday with the Dow gaining 45 points to 30,903, the S&P 500 up 8 to 2,373 and the Nasdaq adding 23, 0.4%, to finish at 5,862, the major indexes posted minor losses […]
Equities and the Economy: • U.S. stocks close flat to Wednesday. • Yesterday marked the 8th anniversary of this bull market. Yesterday U.S. equities closed basically to Wednesday’s levels with the Dow adding 2 points to 20,858, the S&P 500 edging up the same amount to 2,365 and the Nasdaq rising a single point to […]
Equities and the Economy: • U.S. stocks close lower for 3rd consecutive day. • Plunging oil prices and interest hike weighing. Materially lower oil prices dragged down energy stocks and combined with the realization that interest rates are and will be rising this year investors did some selling. The Dow lost 69 points, 0.3%, closing […]
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 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: • Stocks log worst day since mid-October. • Blame Trump’s immigration executive order. Yesterday the Dow fell 123 points, 0.61%, dropping below 20,000 to end at 19,971, the S&P 500 lost 14 points, 0.60%, finishing at 2,281 and the Nasdaq lost 47, 0.83%, to 5,614. All three indexes posted their worst […]
Equities and the Economy: • Dow posts a second consecutive record high. • S&P 500 and Nasdaq close unchanged. It was a small gain but enough for the Dow to close at a record high for a second consecutive day rising 32 points to 20,101. After closing at record highs Tuesday and Wednesday the S&P […]
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 […]
