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Europe: +44 (0) 207 198 1634 Equities and the Economy: Yesterday was a sea of red for U.S. stocks with the Dow closing down 77 points, 0.4%, at 17,960, the S&P 500 ended off 14, 0.7%, finishing at 2,098 and the Nasdaq fell 48 points, 0.9%, at 5,106. It’s been a grind down of late with the S&P posting its 7th […]
Equities and the Economy: Yesterday was another day of muted, consolidated trading. After hitting a 2 week high on Monday, the Dow fell 54 points to 18,169, the S&P 500 ended off 8 at 2,143 and the Nasdaq lost 26 to 5,283. If we must point to something let’s point to the Conference Board’s Consumer […]
Equities and the Economy: U.S equities began the quarter on a slightly sour note. The Dow fell 54 points to 18,253, the S&P 500 lost 7 ending at 2,161 and the Nasdaq closed down 11 at 5,301. It could have been worse. The Dow was down as much as 104 intraday. Let’s call it a […]
Equities and the Economy: Well it appears investors liked the results of the first presidential debate, and oh, maybe a number of stronger than expected economic reports just may have helped as well. Yesterday the Dow popped 133 points, 0.73%, finishing at 18,228, the S&P 500 rose 14, 0.64%, to 2,160 and the Nasdaq added […]
Equities and the Economy: U.S. equities were on the defensive yesterday. One stupid headline I read blamed the unknown surrounding last night’s presidential debate. The real reason was something that didn’t even happen in America (which is why I follow global events). Deutsche Bank’s stock, Germany’s largest bank, got whacked yesterday, down 7.1% and hitting […]
Equities and the Economy: Although U.S equities closed lower on Friday, with the Dow closing down 131 points, 0.7%, at 18,261, the S&P 500 off 12, 0.6%, to 2,165 and the Nasdaq dropping 34, 0.6%, ending at 5,306, it was a pretty good week with the S&P gaining 1.2%. Remember the Nasdaq closed at record […]
Equities and the Economy: Global equities were a sea of green yesterday with investors shaking off any jitters post the BoJ and, more importantly, FOMC meetings clicking the “buy” button. The Dow was up as much as 156 points and although it pulled back in the afternoon it still posted a good day ending up […]
Equities and the Economy: U.S. stocks continue to climb the Wall of Worry closed marginally higher yesterday with the Dow up 46 points to 18,538, the S&P 500 up 7 to 2,186 and the Nasdaq up 26 to 5,276 which is a record high for the tech heavy index! By the way, climbing the Wall […]
Equities and the Economy: It was “bad news is good news” on Friday with the closely watched Labor Department’s Employment Situation Report for July released. The bad news was that per the department 151,000 jobs were added in the month with economists forecasting an increase of 180,000. The good news was that investors interpreted the […]
Equities and the Economy: On the heels of a great new home sales report U.S. equities posted marginal gains. The Dow added 18 points to 18,547, the S&P 500 rose 4 to 2,187 and the Nasdaq finished up 15 points at 5,260. Intraday the Nasdaq traded at a record high and the S&P flirted with […]
