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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Dow and S&P shed a little • Nasdaq again closes at a record high. The Nasdaq is draining 3’s like an el fuego NBA guard. Yesterday it again set another record high. This time closing 18 points higher at 6,121. It’s the 30th closing record high of the year. The […]
Equities and the Economy: • S&P 500 and Nasdaq end at record highs on Friday. • All three major indexes post weekly gains. U.S. stocks finished higher on Friday with the S&P 500 and Nasdaq closing at record highs. The former closed up 10 points at 2,399, its first record close since March 1st. The […]
Equities and the Economy: • U.S. stocks continue to meander. • European equities hitting record highs. U.S. stocks ended little changed yesterday with the Dow closing down 6 at 20,951, the S&P 500 finishing up a single digit at 2,390 and the Nasdaq rising 3 points ending at 6,075. Yesterday may have been chatter here […]
Equities and the Economy: • U.S. equities close lower on Friday. • Dow logs best week of 2017. U.S. stocks finished lower on Friday with the Dow falling 41 points closing at 20,941, the S&P 500 slipped 5 points to 2,384 and the Nasdaq finished basically flat to Thursday off a point at 6,048. However, […]
Equities and the Economy: • A second quiet day on Wall Street. • Nasdaq posts another record high. It was a tepid day for U.S. equities yesterday but the Nasdaq outperformed closing up 24 points, 0.4%, at a new record high of 6,049. The technology-heavy index has been on a tear! It’s up a huge […]
Equities and the Economy: • Earnings and government speak drive the major indexes higher. • Nasdaq sets record high. Strong earnings from American Express comments by Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross drove stocks higher yesterday with the Dow popping a hefty 174 points, 0.9%, to 20,579, the S&P 500 rose 18 […]
Equities and the Economy: • Stocks fall for 6th time out of 9. • Yield on 10 year Treasury lowest since November. It’s been like Chinese water torture lately for equities. Drip, drip, drip lower. Yesterday the indexes closed lower for the 6th session out of 9 with the Dow off 59 points to 20,592, […]
Equities and the Economy: • Rotation into safe haven assets. • VIX is at highest level since last November. Equities pared material intraday losses, the Dow down as much at 146 points, to close marginally lower. The Dow finished off 7 points at 20,651, the S&P 500 fell 3 points to 2,354 and the Nasdaq […]
Equities and the Economy: • Employment report for March shows smallest gain in new jobs in a year. • Stocks shrug off report posting marginal losses. Always a big report, the Labor Department released its Employment Situation Report for March on Friday with the headline being that U.S. employers added just 98,000 new jobs, the […]
Equities and the Economy: • Price action subdued yesterday. • Investors digesting Syrian attack. U.S. stocks ended little changed yesterday with the Dow posting a 15 point gain to 20,663, the S&P 500 closing 5 points higher at 2,357 and the Nasdaq rising 14 points to 5,879. Forget yesterday for as everyone reading my Blog […]
