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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks close lower snapping 3 day winning streak. • Losses a flesh wound. U.S. equities closed marginally lower yesterday with the Dow off 19 points ending at 20,052, the S&P 500 shedding 5 points to 2,293 and the Nasdaq closing at 5,663, down 3. Per the Black Knight, “a flesh […]
Equities and the Economy: • Friday was the Dow’s best day of the year. • For the week major indexes unchanged. U.S. equities had a great day on Friday with the Dow rallying 176 points, 0.9%, and back over 20,000 ending at 20,061. The S&P 500 closed 16 points higher, 0.7%, at 2,297 and the […]
Equities and the Economy: • Headlines, not earnings data, dominating. • Employment Report for January just released. The U.S. indexes continued the chop that’s been prevailing this week. The Dow shed 38 points ending at 19.853, the S&P 500 slipped 3 to 2,276 and the Nasdaq lost 14 to 5,627. It’s earnings season and earnings […]
Equities and the Economy: • Dow posts a second consecutive record high. • S&P 500 and Nasdaq close unchanged. It was a small gain but enough for the Dow to close at a record high for a second consecutive day rising 32 points to 20,101. After closing at record highs Tuesday and Wednesday the S&P […]
Equities and the Economy: • Caution prevails. • U.S. indexes closed mixed. Caution remained the order of the day with another choppy day for U.S. equities. The Dow closed down 22 points at 19,805 while the S&P 500 and Nasdaq closed 4 and 17 points higher at 2,272 and 5,556, respectively. Over the past month […]
Equities and the Economy: • Stocks continue to meander. • Fundamentals look solid. The lumberjack continues working away. Chop. Chop. Chop. That explains the U.S., and even the European, equity markets over the past month. Yesterday it was more of the same with the Dow closing down 63 points at 19,891, the S&P 500 dropping […]
Equities and the Economy: • U.S. equities continue their post-election grind higher. • Dow trades within a gnat’s eyelash of 20,000. U.S. equities ended the week higher with the Dow closing up 65 points at 19,964, the S&P 500 added 8 to 2,277 and the Nasdaq finished 9 points higher at 5,521. The Dow got […]
Equities and the Economy: • Dow and S&P 500 suffer minor losses. • Nasdaq closes at new record high. The tech heavy Nasdaq gained 11 points yesterday and while it was only 0.2% it was enough to push the index to a new record closing high of 5,488. The Dow and S&P 500 suffered minor […]
Equities and the Economy: • The “risk on” play continues. • Dow hits a new record high for second consecutive day. U.S. stocks closed higher yesterday with the Dow gaining 36 points ending at 19,252, a new record high, the S&P 500 closed up 8 at 2,212 just one point shy of its record high […]
Equities and the Economy: • Friday’s Labor Department’s employment report for November takes unemployment rate to 4.6%, lowest rate since August 2007. • After hitting a record high on Thursday, Dow closes marginally lower, S&P 500 and Nasdaq end slightly higher. Following the release of the Labor Department’s employment for November in the morning U.S. […]
