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Europe: +44 (0) 207 198 1634 Equities and the Economy: • More record highs. • Busy week for central banks. Investors shrugged off the news of a terrorism incident in New York City and took both the Dow and S&P 500 to new record highs yesterday. The Dow rose 57 points to 24,386 and the S&P gained 8 points to 2,660. […]
Equities and the Economy: • Stocks eke out gains. • Major indexes remain near record highs. It was a muted session yesterday with the three main U.S. equity benchmarks posting very marginal gains yesterday. The Dow rose 17 points to 23,440, the S&P 500 climbed 3 points to 2,585 and the Nasdaq advanced 7 to […]
Equities and the Economy: • U.S. stocks have worst day in 2 months. • Corporate earnings disappoint. I have something new to report. Stocks fell yesterday. Lately we’ve been like very spoiled children for day after day the major U.S. stock indexes have risen, if not set new record highs. No markets go straight up […]
Equities and the Economy: • U.S. equities book another round of records. • Fundamental data continues to support. The three major U.S. benchmark stock indexes posted yet another day of record highs. The Dow finished up 84 points at 22,641 marking its 5th consecutive day of gains. The S&P 500 rose 5 points to 2,535 […]
Equities and the Economy: • U.S. stocks closed mixed. • Post small loss for the week. Investors stayed on the sidelines on Friday waiting to see what Irma’s impact would be as well as whether North Korea was going to fire another missile. The Dow eked out a small gain of 13 points to finish […]
Equities and the Economy: • Stocks end little changed. • Nasdaq squeaks out another record close. After numerous indices posted record highs on Wednesday stocks bivouacked yesterday closing little changed. That being said, the Nasdaq’s small gain of 5 points was enough to push it to a new record close at 6,390, the 10th consecutive […]
Equities and the Economy: • Investors digesting major news events from yesterday. • Nasdaq finishes at record high. Investors are digesting the trifecta of news events that occurred yesterday. The first event was the conclusion of the ECB’s meeting. The central bank made no changes to their current accommodative monetary stimulus program but changed the […]
Equities and the Economy: • Caution prevails. • Today is “Super Thursday.” U.S. stocks ended little changed yesterday as investors remain cautious ahead of three big news events. All of which happen today. Today has even got a moniker, “Super Thursday.” The most important event for those of us in the U.S. is the oral […]
Equities and the Economy: Friday continued the consolidation we’ve been in lately with the Dow closing down 17 points at 18,146, the S&P 500 literally closing flat to Thursday at 2,141 and the Nasdaq notching a small gain of 16 finishing at 5,257. Another reason for a lack of movement was there were no significant […]
Equities and the Economy: For a second consecutive session U.S. equities closed higher yesterday. The Dow closed up 41 at 18,203, the S&P 500 rose 5 to 2,144 and the Nasdaq added 3 to 5,246. A combination of rising oil prices and earnings releases supported the market. The former will be discussed below. With respect […]
