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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Yesterday was a choppy day for U.S. equities ending with marginal gains as traders and investors digesting reports that ECB will announce new economic stimulus at its meeting today. The Dow closed up 39 at 17,554, the S&P 500 added 9 to 2,032 and the Nasdaq closed up 12 […]
Equities and the Economy Good morning. The horrible price action on Tuesday that I discussed in yesterday’s Morning Energy Report set the stage for a bad day on Wednesday and then when bad fundamental economic data was released yesterday investors and traders hit the “sell” button and hit it hard. Yesterday the Dow closed down […]
Equities and the Economy This one really, really hurt. After two losing sessions we were getting a great rebound yesterday morning with the Dow up as much as a huge 282 points in the first hour of trading. But as I’ve so often said, it’s the closes, not the opens, that count and as we’ve […]
Good morning. It was a “nothing day” yesterday on very light volume and with no major economic reports U.S. equities ended little changed from Friday. The S&P 500 closed 2 points higher at 2,091. The Nasdaq ended literally flat to Friday at 4,807 and the Dow lost 15 to 18,038. All chatter, although with the […]
Good morning. Well the equities markets are definitely working on a “correction.” Stocks have fallen for three consecutive days with the S&P 500’s loss yesterday of 17 points, 0.85%, to 1973. Its now fallen 5% from its record high put in on December 5th. I don’t know about you but it sure has felt more […]
Good morning. U.S stock prices ended yesterday pretty much flat to Wednesday with the Dow off 12 points to 17,900, the S&P 500 down 2 to 2,071 and the Nasdaq closing at 4,769, 5 points lower. I’d normally say “chatter” but it was a little scary intraday when the Dow was down 100 points! Then […]
Good morning. The Dow and S&P 500 set another both intraday and closing high yesterday with the former adding 33 points to 17,913 and the latter 8 points to 2,074. I’m about to give you staggering statistic. This year the Dow has closed at a record high 48 times and the S&P 33 times! If […]
Good morning. World markets slipped. Japan’s yen fell to another 7 year low. And the Dow and S&P 500 hit record highs again with the former closing 33 points higher at 17,719 and the latter adding 4 points to 2,053. This was a nice rebound for when I wrote this report yesterday morning Dow futures […]
Good morning. U.S. equities started the day on Friday flat, traded there all day and closed the same with the Dow closing down 18 points at 17,635, the S&P 500 ending flat to Thursday at 2,040 and the Nasdaq gaining 8 to 4,689. For the week the Dow and S&P gained 0.4% and the Nasdaq […]
Good morning. As you regular readers know, I usually begin this report with equities for equities often influence oil prices (natural gas operates in its own little world!) but today oil gets the lead spot. Why? Because yesterday both WTI and Brent hit 4 year lows. WTI closed down a whopping $2.97, 3.9%, at $74.21 […]
