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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S equities activity was muted yesterday awaiting both the conclusion of the Bank of Japan’s monetary meeting and the FOMC meeting today. The Dow rose 10 points to 18,130, the S&P 500 rose 1 to 2,140 and the Nasdaq finished up 6 points to 5,241. Chatter. Getting right to it, overnight […]
Equities and the Economy: Friday capped a very volatile week for U.S. stocks with the Dow closing down 89 points, 0.49%, at 17,124, the S&P 500 fell 8 points, 0.38%, ending at 2,139 and the Nasdaq finished off 5, 0.10%, at 5,245. Now for the good news. The S&P 500 squeezed out a weekly gain […]
Equities and the Economy: It got a little scary yesterday after The Institute of Supply Management released its manufacturing index for August noting a fall from July’s 52.6 to 49.2 and most importantly, below 50 which is the demarcation between expansion and contraction. This was the first time in 6 months the index fell with […]
Equities and the Economy: The day began in a lackluster fashion but didn’t stay that way for long. About an hour after the opening investors came in buying and continued to do so throughout the session with the financial sector leading the way. The Dow closed up 108 points, 0.58%, at 18.503. The S&P 500 […]
Equities and the Economy: Friday was the event investors had been waiting for all week which was our Fed Chairperson, Janet Yellen, speaking from Jackson Hole, WY (beautiful place!). Yellen told a gathering of central bankers from around the world the U.S. economy was nearing the central bank’s goals of maximum employment and price stability […]
Equities and the Economy: ANOTHER amazingly lackluster day yesterday. The Dow fell 33 to 18,488, the S&P 500 lost 3 to 2,172 and the Nasdaq finished down 5 to 5,212. Volume continues to be anemic. It’s as if the market is in a state of suspended animation. Everyone’s waiting on Janet Yellen who will be […]
Equities and the Economy: U.S. stocks had a moderately lousy day with all three major indexes closing lower. The Dow lost 66 points, 0.25%, finishing at 18,481, the S&P 500 lost 11, 0.52%, ending at 2,175 and the Nasdaq closed down 42, 0.81%, at 5,217. The indexes are at their lowest levels since early August. […]
Equities and the Economy: The dog days of summer are in full swing with another lackluster day for U.S. equities. The Dow fell 23 points to 18,529, the S&P 500 lost a single point to 2,183 and the Nasdaq posted a gain of 6 to 5,245. All three indexes chopped around between positive and negative […]
Equities and the Economy: I was travelling on business last week and it was a good week for doing so because the equity markets were little changed on the week. Maybe it was the Olympics or the fact that most of Europe takes the month of August as a holiday but it was pretty quiet. […]
Equities and the Economy: U.S. stocks closed mixed on Friday with the Dow closing down 37 at 18,576 and the S&P 500 falling 2 points to 2,184. Both of these indexes posted new record highs on Thursday. The Nasdaq hit a new high on Friday finishing 5 points up at 5,233. That’s all pretty good […]
