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Europe: +44 (0) 207 198 1634 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 Just as generals ordered their men in the Civil War to “hold the line” so did the S&P 500 1,862 to 1,869 “line” of support hold with equities strongly bouncing off that level and putting in a great performance yesterday. The Dow rose a big 282 points, 1.77%, finishing at 16,167, […]
Equities and the Economy After days of grief U.S. equities finally had a descent day with the Dow closing up 116 points, 0.74%, at 15,883, the S&P 500 up 10, 0.52%, to 1,869 while the Nasdaq closed flat to Wednesday at 4,472. Remember though that the Nasdaq performed relatively well during Wednesday’s Chernobyl so its […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Based on EIA’s weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the first time since March 23, 2009. The U.S. average retail regular gasoline price had last […]
Source: Bloomberg L.P. The energy component of the widely followed S&P Goldman Sachs Commodity Index (GSCI) fell 41% from the start of 2015, a larger decline than the industrial metals, grains, and precious metals components, which declined 24%, 19%, and 11%, respectively, in 2015. Weakness in global economic growth contributed to the overall decline in […]
Equities and the Economy I hope everyone had a wonderful holiday. Let’s get to last Wednesday and Friday (yes, the market was open for an abbreviated session on Friday) and get it over with. The trading was light and nothing really happened. On Wednesday the Dow and S&P 500 ended virtually unchanged to Tuesday and […]
TOKYO (AP) — Toyota, under ambitious environmental targets, is aiming to sell hardly any regular gasoline vehicles by 2050, only hybrids and fuel cells, to radically reduce emissions. The automaker promised to involve governments, affiliated companies and other “stakeholders” in its push to reduce average emissions from Toyota cars by 90 percent by about 2050, […]
Equities and the Economy Good morning and happy National Babe Ruth Day. A day after the Nasdaq set its first record in 15 years the index marched on Friday adding another 36 points (0.61%) closing at 5,092. The index got a big boost from Amazon.com which jumped a whopping 14% after it reported a surprise […]
Equities and the Economy Good morning. U.S. stocks finished the Easter shortened week on a marginally positive note breaking two sessions of material losses. The Dow closed up 65 points at 17,763 and both the S&P 500 and Nasdaq added 7 points with the former ending at 2,067 and the latter 4,887. Now you may […]
Good morning. The only person who might be feeling worse than Seattle Seahawk’s fans is Tiger Woods. Why? Because on Friday he shot his worst round ever as a professional golfer, an 82, and also his worst ever 9 hole score, a 44. Now it sure would be a lot of fun to talk about […]
