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Europe: +44 (0) 207 198 1634 Equities and the Economy: • U.S. stocks close higher on upwardly revised Q4 2016 GDP. • Nasdaq logs 21st record high. The Commerce Department reported revised Q4 2016 GDP data yesterday noting GPD for the quarter rose 2.1%, up from the previously reported 1.9%. The rise was due to increased consumer spending which rose 3.5% […]
Equities and the Economy: • Mixed and muted session with below average volume. • All eyes on the House. It was a quiet day on Wall Street yesterday with the major indexes closing basically flat to Wednesday on below average volume. The Dow lost 5 points to 20,657, the S&P 500 fell 2 to 2,346 […]
Equities and the Economy: • Stocks consolidating. • S&P still up 6.3% for the year. A day after the Fed announced a ¼% rate hike and U.S. equities jumping, stocks treaded water yesterday with the Dow closing down 16 at 20,935 and the S&P 500 off 4 to 2,381. The Nasdaq managed to post a […]
Equities and the Economy: U.S. equities close marginally lower. Market looking for a ¼% hike in interest rates today. U.S. stocks closed marginally lower yesterday dragged down by the Asian markets and energy stocks with crude oil prices closing lower on considerably below average volume due to winter storm Stella. The Dow closed down 44 […]
Equities and the Economy: • February jobs report “Goldilocks”. • U.S. post minor losses for the week. Although U.S. stocks closed higher on Friday with the Dow gaining 45 points to 30,903, the S&P 500 up 8 to 2,373 and the Nasdaq adding 23, 0.4%, to finish at 5,862, the major indexes posted minor losses […]
Equities and the Economy: • U.S. stocks close flat to Wednesday. • Yesterday marked the 8th anniversary of this bull market. Yesterday U.S. equities closed basically to Wednesday’s levels with the Dow adding 2 points to 20,858, the S&P 500 edging up the same amount to 2,365 and the Nasdaq rising a single point to […]
Equities and the Economy: • U.S. stocks close lower for 3rd consecutive day. • Plunging oil prices and interest hike weighing. Materially lower oil prices dragged down energy stocks and combined with the realization that interest rates are and will be rising this year investors did some selling. The Dow lost 69 points, 0.3%, closing […]
Equities and the Economy: • Stocks retreat after previous huge day. • Market still looks healthy. After a huge day on Wednesday profit taking came in yesterday and stocks closed lower. The Dow fell 112 points, 0.53%, to remain a gnat’s eyelash above 21,000 at 21,003. The S&P 500 lost 14, 0.59%, to 2,282 and […]
Equities and the Economy: • U.S. stocks post record highs for 5th consecutive session. • Lots of good economic news yesterday. U.S. stocks continue to march higher with all three indexes posting new record highs yesterday. The Dow closed up a hefty 107 points, .052%, to 20,612, the S&P 500 added 12, 0.50%, to end […]
Equities and the Economy: • U.S. equities notch 4th consecutive record close. • Fed chairperson Yellen signals higher interest rates are coming. The three major U.S. stock indexes all posted record highs for the 4th consecutive day yesterday with the Dow closing up 92 points, 0.5%, at 20,504, the S&P 500 finishing 9 points higher, […]
