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Archive for the ‘Labor Department’ Category

Morning Energy Blog – December 12, 2017

Equities and the Economy: • More record highs. • Busy week for central banks. Investors shrugged off the news of a terrorism incident in New York City and took both the Dow and S&P 500 to new record highs yesterday. The Dow rose 57 points to 24,386 and the S&P gained 8 points to 2,660. […]

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Morning Energy Blog – December 11, 2017

Equities and the Economy: • Dow and S&P close at record high. • November jobs report strong. U.S. stocks closed higher on Friday with the Dow logging a hefty 118 point gain to 24,329 and the S&P 500 adding 15 points to 2,652. Both are new record highs. The Nasdaq rose 27 points to 6,841 […]

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Morning Energy Blog – December 7, 2017

Equities and the Economy: • Stocks close basically unchanged. • Bitcoin up 20% in 24 hours. After falling for three days yesterday U.S. stocks ended fairly flat to Tuesday. The Dow fell 40 points to 24,141, the S&P 500 closed flat at 2,629 and the Nasdaq gained 14 points to 6,776. The S&P 500 is […]

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Morning Energy Blog – November 15, 2017

Equities and the Economy: • Dow off for 3rd of 4th session. • Losses remain minor. The major U.S. stock indexes finished lower yesterday with the Dow closing down 30 points at 23,409, the S&P 500 falling 6 points to 2,579 and the Nasdaq dipping 20 points to 6,738. The positive news is that the […]

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Morning Energy Blog – November 6, 2017

Equities and the Economy: • All three major indexes close at record highs. • Apple drives the indexes. On the back of Apple, the world’s most valuable publically traded company, all three major U.S. indexes closed at record highs. The company posted a better than expected sales forecast for this holiday shopping season and reported […]

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Morning Energy Blog – November 3, 2017

Equities and the Economy: • Another record high for the Dow. • House Republicans unveil tax cut bill. The Dow yesterday rallied 81 points to close at a new record high of 23,516. This is the 55th record closing high for the blue-chip index this year. Absolutely amazing! The S&P 500 closed flat to Wednesday […]

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Morning Energy Blog – October 20, 2017

Equities and the Economy: • Dow and S&P 500 post another record high. • Weekly unemployment claims lowest in 44 years. U.S. equities overcame serious selling pressure early to close pretty much unchanged. The Dow, which was down more than 100 points at one point, clawed its way back to close up 5 points at […]

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Morning Energy Blog – October 16, 2017

Equities and the Economy: • Upbeat economic data. • Nasdaq sets record high. Positive economic data pushed stocks higher on Friday. The Labor Department reported that the consumer price index rose 0.5% in September and 2.2% on an annual basis. This is the biggest increase in 8 months as hurricanes Harvey and Irma boosted demand. […]

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Morning Energy Blog – October 9, 2017

Equities and the Economy: • Stocks end little changed on Friday. • Post solid weekly gains. The Dow and S&P 500 suffered minor losses on Friday. The Dow fell an immaterial 2 points to 22,774 ending a 7 day winning streak. The S&P slipped 3 points to 2,549 ending its 8 day streak. The Nasdaq […]

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Morning Energy Blog – October 6, 2017

Equities and the Economy: • More records! • House passes 2018 budget. U.S. stocks continue to set record highs! Yesterday the Dow posted a hefty gain of 114 points, 0.5%, finishing at its 46th record close at 22,775. The S&P 500 rose even more on a percentage basis, 0.6%, up 14 points to 2,553, it’s […]

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