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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Dow and S&P shed a little • Nasdaq again closes at a record high. The Nasdaq is draining 3’s like an el fuego NBA guard. Yesterday it again set another record high. This time closing 18 points higher at 6,121. It’s the 30th closing record high of the year. The […]
Equities and the Economy: • Quiet day on Wall Street yesterday. • “Fear index” drops to lowest level in 24 years. It was a quiet day for U.S. stocks yesterday with the major indexes ending essentially unchanged. The Dow closed up 4 at 21,011, the S&P 500 closed flat to Monday at 2,399 and the […]
Equities and the Economy: • S&P 500 and Nasdaq end at record highs on Friday. • All three major indexes post weekly gains. U.S. stocks finished higher on Friday with the S&P 500 and Nasdaq closing at record highs. The former closed up 10 points at 2,399, its first record close since March 1st. The […]
Equities and the Economy: • Stocks post marginal gains. • Nasdaq posts 2nd consecutive record high. U.S. stocks eked out gains yesterday with the Dow closing 36 points higher at 20,950, the S&P 500 up 3 to 2,391 and the Nasdaq gaining 4 at 6,095, enough to close at a record high for a second […]
Equities and the Economy: • A second quiet day on Wall Street. • Nasdaq posts another record high. It was a tepid day for U.S. equities yesterday but the Nasdaq outperformed closing up 24 points, 0.4%, at a new record high of 6,049. The technology-heavy index has been on a tear! It’s up a huge […]
Equities and the Economy: • After two big days stocks pause. • Trump Administration rolls out tax reform plan. After two outstanding days U.S. equities took a breather yesterday ending little changed to Tuesday. The Dow fell 21 points to 20,975 and the S&P 500 closed down 1 point at 2,387. Intraday the Nasdaq hit […]
Record storage levels in October 2016 and a relatively normal winter has left US natural gas storage levels above the 5-year average. Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or […]
Equities and the Economy: • U.S. stocks closed lower on Friday but up for the week. • First round of French elections over and it’s “risk on” today. The major U.S. indexes closed lower on Friday with the Dow falling 31 points to 20,548, the S&P 500 off 7 points to 2,349 and the Nasdaq […]
Equities and the Economy: • Earnings and government speak drive the major indexes higher. • Nasdaq sets record high. Strong earnings from American Express comments by Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross drove stocks higher yesterday with the Dow popping a hefty 174 points, 0.9%, to 20,579, the S&P 500 rose 18 […]
Equities and the Economy: • First Goldman, now IBM. • Dow closes at lowest level since February 10th. Tuesday it was Goldman Sachs’ disappointing earnings that sent the Dow lower. Yesterday it was IBM. The company reported weaker than expected sales in Q1 and investors punished the company pushing its stock price down 3.9%, its […]
