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Europe: +44 (0) 207 198 1634 Equities and the economy (Sorry for the lateness. It’s been a crazy morning!) After a couple of strong days the U.S. equities market took the day off closing near Wednesday’s settles. The Dow rose 18 to 17,926, the S&P 500 closed flat to Wednesday at 2,083 and the Nasdaq dropped 2 points to 4,946. Although […]
Equities and the economy After falling a couple of days global equities posted solid gains yesterday aided by a jump in oil prices. The Dow rose 113 points, 0.64%, to 17,716, the S&P 500 gained 22, 1.05%, ending at 2,067 and the Nasdaq added 77 points, 1.59%, finishing at 4,921. A very nice day. The […]
Equities and the economy It was not a good day for equities yesterday. Not just in the U.S. but globally. While the Dow fell 134 points, 0.75%, to 17,603 and the S&P dropped 21, 1.01%, to 2,045 and the Nasdaq declined 48, 0.98%, to 4,894., global stocks as measured by the bellwether MSCI All-Country World […]
Equities and the economy It was a sedate day on Wall Street yesterday with some profit taking after the recent rally which took the market to 2016 highs. The Dow closed down 56 points, 0.31%, at 17,737, the S&P 500 fell 7, 0.32%, to 2,066 and the Nasdaq was off 23, 0.45%, finishing at 4,892. […]
Equities and the economy While U.S. stocks posted a lackluster day yesterday with the Dow closing 32 points lower at 17,658, the S&P 500 falling 4 to 2,060 and the Nasdaq eking out a gain of 1 to 4,870, equities performance since the beginning of 2016 has been really interesting. For example, the S&P 500 […]
Equities and the economy U.S. investors continued buying equities yesterday on Janet Yellen’s releasing of the doves (with respect to monetary policy) with the “promise” that the Fed is in no hurry to raise interest rates. The major U.S indexes marked a 3rd day of gains with the Dow closing up 84 points, 0.5%, at […]
Equities and the economy Jump’n Janet flash hit the gas, gas, gas! As I mentioned in yesterday’s blog, the big event of the day was Janet Yellen speaking before the Economics Club of New York and her message was clear: monetary expansion is on the table, which means raising interest rates is off, at least […]
Equities and the economy As I expected, with the European markets closed it was a quiet day on Wall Street yesterday. The Dow closed up 20 at 17,535, the S&P 500 rose a single digit to 2,037 while the Nasdaq fell 7 finishing at 4,767. Yesterday about 5.1 billion shared changed hands on U.S. exchanges, […]
Equities and the economy We’re back! As of yesterday’s closes the Dow is now positive for the year and the S&P 500 is just barely below it. The Nasdaq still has a ways to go being bogged down this year by biotech stocks. The Dow had a healthy gain of 156 points, 0.9%, finishing at […]
Equities and the economy We had a second consecutive day of lackluster trading in equities with the Dow closing up 22 at 17,252 while the S&P 500 and Nasdaq both closed lower. The former 4 to 2,016 and the latter by 22 to 4,729. With the bevy of central bank meetings investors are on hold, […]
