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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Yet another quiet day for U.S. stocks ending in mixed results. The Dow lost 10 points to 18,214 and the S&P 500 closed down 3 at 2,111. The Nasdaq bucked the trend gaining 21 points to 4,988. Those of you with higher math skills will note the Nasdaq is […]
Equities and the Economy Good morning. Yesterday U.S. equities ended the way they started, sedate. The Dow closed up 16 points at 18,225 and both the S&P 500 and Nasdaq lost a point ending at 2,114 and 4,967, respectively. You can’t get much less price movement. I must add though that the Dow’s small gain […]
Equities and the Economy Good morning. U.S. stocks rose yesterday primarily as a result of our Fed Chair Janet Yellen’s testimony and comments before the Senate Banking Committee. She speaks in the House today. The Dow and S&P 500 made new record highs with the former rising 92 points (0.51%) to 18,209 and the latter […]
Equities and the Economy Good morning. Yesterday was what I call “chatter” with the Dow falling 23 to 18,117, the S&P 500 literally closing flat to Friday at 2,110 and the Nasdaq adding 5 points to 4,691. Hurting the Dow index were oil stocks which fell in sync with lower oil prices. The Nasdaq rose […]
Equities and the Economy Good morning. In a light volume day the three bellwether indexes closed mixed. While the Dow and S&P 500 fell with the former losing 44 points to 17,986 and the latter down 2 points to 2,097, the tech-heavy Nasdaq bucked the trend gaining 18 points to 4,925. As is indicated by […]
Equities and the Economy Good morning. Equities slipped yesterday with the Dow closing down 17 points at 18,030, the S&P 500 falling 1 to 2,100 while the Nasdaq managing to eke out a gain of 7 to 4,906. All chatter. Now remember, the S&P is at record highs, the Dow is close to a record […]
Equities and the Economy Good morning. As I’m sure you know, yesterday the U.S. stock market was closed for President’s Day so we need to go back to Friday for the last price action. On that day stocks closed marginally higher with the Dow climbing 47 points to 18,019 and the S&P 500 rising 9 […]
Equities and the Economy Good morning. Here’s something I bet you wouldn’t expect me to tell you this morning. The S&P 500, which gained 20 points (0.94%) yesterday to 2,088, closed at its highest level this year. Now we’re not at its all-time high set on December 29th at 2,094, but we’re getting pretttttty darn […]
Equities and the Economy Good morning. It’s been a week since the last report so let’s step back just a little bit and see what’s transpired. A week ago the Dow, S&P 500 and Nasdaq ended at 17,666, 2,050 and 4,728, respectively. Yesterday they closed at 17,862, 2,069 and 4,801, respectively. So over the course […]
Equities and the Economy Good morning. An interesting phenomenon is happening right now. I’ve seen this happen occasionally and it’s happening once again. That is that equity traders are taking their cues from the movements in the price of oil, specifically WTI. Early in the day WTI was getting pounded and equities were trading negative […]
