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Europe: +44 (0) 207 198 1634 Equities and the Economy: • 3rd consecutive closing high for the three major indexes. • ADP releases jobs report for August. While the gains were marginal yesterday they were enough for the three major stock indexes to post new record highs. The Dow rose for the 6th consecutive session adding 20 points to close at […]
Equities and the Economy: • Equities rally to again set record highs. • Fundamentals continue to be supportive. Four main stock benchmarks set new record highs yesterday. The Dow popped 153 points, 0.7%, finishing at 22,558, the S&P 500 advanced 10 points, 0.4%, ending at 2,529, the Nasdaq tacked on 21 points, 0.3%, to 6,517 […]
Equities and the Economy: • Stocks post modest gains. • Economic data mixed. U.S. equities logged modest gains yesterday with the Dow climbing 54 points to 21,808, the S&P 500 adding 8 to 2,466 and the Nasdaq tacked on 18 points to end at 6,393. There were quite a few economic reports released yesterday and […]
Equities and the Economy: • Stocks close higher on Friday. • All three major indexes post weekly gains. U.S. equities ended the week on a positive note with the Dow closing 39 points higher at 21,988, the S&P 500 gaining 5 points to 2,477 and the Nasdaq adding 7 points to finish at 6,435. It […]
Equities and the Economy: • Stocks end mixed. • Fed leaves interest rates unchanged. U.S. equities ended mixed yesterday with the Dow gaining 8 to 20,958 but the other two major indexes fell. The S&P 500 lost 3 to 2,388 and the red-hot Nasdaq fell 23 points to 6,073. Chatter. Let’s move on. The FOMC […]
Equities and the Economy: • Lackluster trading on May Day. • Nasdaq posts yet another record high. With many markets around the globe closed for International Workers Day, aka May Day, trading was muted here in the U.S, at least for the Dow and S&P 500. The former dipped in and out of positive territory […]
Equities and the Economy: • U.S. stocks post best day of 2017. • Dow closes above 21,000 for the first time ever. WOW! What a day! Not only did all the major indexes close at record levels, they did it in grand fashion! The Dow broke through the 21,000 barrier surging 303 points, 1.5%, to […]
Equities and the Economy: For the 8th consecutive session the S&P 500 closed lower yesterday posting a 9 point loss finishing at 2,089. This is the S&P’s longest losing streak since the 2008 financial crisis. The Dow lost 29 to end at 17,931 and the Nasdaq fell 47 points, 0.92%, at 5,058. Before you panic […]
Equities and the Economy: Boy has this market been choppy lately. One day up. One day down. Yesterday was the former. The Dow closed up 113, 0.62%, at 18,281, the S&P 500 gained 9, 0.43%, finishing at 2,160 and the Nasdaq rose 26, 0.50%, to 5,316. As I mentioned previously, this market has been range […]
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 […]
