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Europe: +44 (0) 207 198 1634 Equities and the economy After falling a couple of days global equities posted solid gains yesterday aided by a jump in oil prices. The Dow rose 113 points, 0.64%, to 17,716, the S&P 500 gained 22, 1.05%, ending at 2,067 and the Nasdaq added 77 points, 1.59%, finishing at 4,921. A very nice day. The […]
Equities and the economy While U.S. stocks posted a lackluster day yesterday with the Dow closing 32 points lower at 17,658, the S&P 500 falling 4 to 2,060 and the Nasdaq eking out a gain of 1 to 4,870, equities performance since the beginning of 2016 has been really interesting. For example, the S&P 500 […]
Equities and the economy U.S. investors continued buying equities yesterday on Janet Yellen’s releasing of the doves (with respect to monetary policy) with the “promise” that the Fed is in no hurry to raise interest rates. The major U.S indexes marked a 3rd day of gains with the Dow closing up 84 points, 0.5%, at […]
Equities and the economy Want to see what the stock market is doing? Just look at oil. Oil closed down and so did stocks. The Dow fell 80 points, ½%, to 17,502, the S&P 500 was off 13, 0.6%, at 2,037 and the more volatile Nasdaq gave up 53 points, 1.10%, at 4,769. Yesterday’s price […]
Equities and the Economy Laissez Les Bon Temps Roulez! It’s official. The S&P 500 has joined the Dow in being positive for 2016 with the major indexes closing higher 5 consecutive seeks. A combination of improving conditions and the Fed’s dovish tone last week on monetary policy, i.e. interest rates, prompted investors to take on […]
Equities and the economy We’re back! As of yesterday’s closes the Dow is now positive for the year and the S&P 500 is just barely below it. The Nasdaq still has a ways to go being bogged down this year by biotech stocks. The Dow had a healthy gain of 156 points, 0.9%, finishing at […]
Equities and the Economy Friday was an exceptional day for U.S. equities with the S&P 500 breaking through another resistance level. The Dow rose a big 218 points, 1.3%, ending at 17,213, the S&P 500 rose 33 points, 1.6%, breaking through and closing above the resistance of 2,008 at 2,022 and the Nasdaq advanced 86 […]
Equities and the Economy Yesterday was an extremely volatile day with the Dow having more than a 300 point swing! Before the U.S. open and while the European markets were trading ECB president Mario Draghi announced in his post-meeting press conference that basically the ECB was going “full monty” on QE which sent both European […]
Equities and the Economy The penultimate of the ECB meeting was a fairly quiet one for U.S. stocks with the oil/equity relationship remaining intact. Oil prices recovered and stock prices ended higher. The Dow closed up 36 points right at 17,000, the S&P 500 added 10 to 1,989 and the Nasdaq finished 26 points higher […]
Equities and the Economy U.S. stocks snapped their five day win streak closing lower dragged down by falling oil prices and concerns about a prolonged slowdown in the Chinese economy. The Dow fell 110 points, 0.64%, to 16,964, the S&P 500 dropped by 23, 1.12%, to 1,979 and the Nasdaq was off 59, 1.26%, to […]
