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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks closed mixed yesterday. • November employment report just released. Unemployment rate falls to 4.6%, lowest in 9 years. It was a weird day on Wall Street yesterday. The Dow gained a nice 68 points, 0.4%, closing at 19,192 and a new record high while the S&P 500 fell 8 […]
Equities and the Economy: • Dow closes up 36 points at 18,903, 20 points shy of record high. • S&P 500 added 10 to 2,187, just 3 points shy of record high. • Nasdaq finishes up 39 points, at 5,334, 6 points shy of record high. • U.S. dollar hits its strongest level in 14 […]
Equities and the Economy: Consolidation was the name of the game yesterday for U.S. stocks. The Dow closed down 55 points, 0.3%, at 18,868 snapping a 7 day win streak. The financial sector, i.e. big banks, were the losers on the day falling 2% pulling the index down. This was just profit taking for that […]
Equities and the Economy: Let’s get yesterday’s price action quickly out of the way because for all intents and purposes it’s meaningless. The Dow rose 73 points to close at 18,333, the S&P 500 added 8 to 2,140 and the Nasdaq rose 27 finishing at 5,193. As I’m sure you know, Donald Trump won the […]
Equities and the Economy: For the 8th consecutive session the S&P 500 closed lower yesterday posting a 9 point loss finishing at 2,089. This is the S&P’s longest losing streak since the 2008 financial crisis. The Dow lost 29 to end at 17,931 and the Nasdaq fell 47 points, 0.92%, at 5,058. Before you panic […]
Equities and the Economy: U.S. stocks closed lower yesterday but looking at the forest rather than the trees it was another day of chatter. The Dow lost 40 points ending at 18,162, the S&P 500 fell 3 to 2,141 and the Nasdaq ended off 5 at 5,242. This market has been bouncing around, consolidating is […]
Equities and the Economy: Aided by stronger than expected earnings U.S. stocks closed higher yesterday. After reaching a session high of 139 points the Dow settled back but still closed nicely in the green up 76 points, 0.42%, at 18,162. The S&P 500 added 13, 0.62%, ending at 2,140 and the Nasdaq rose 0.85%, 44 […]
Equities and the Economy: U.S. stocks closed pretty much flat to Thursday on Friday. While the Dow rose 39 points to close at 18,138 the S&P 500 and Nasdaq didn’t or barely moved with the former closing flat to Thursday at 2,133 and the latter finishing up a single digit at 5,133. On the positive […]
Equities and the Economy: Friday was yet another choppy day with U.S. equities closing marginally lower as investors digested the Labor Department’s employment report. Although it was down as much at 119 points, the Dow clawed back most of that loss finishing down 28 points at 18,240, the S&P 500 ended off 7 at 2,154 […]
Equities and the Economy: Another pretty boring day on Wall Street yesterday. The Dow closed down 13 at 18,269, the S&P 500 added a single digit to 2,161 and the Nasdaq fell 10, 5,307. Look at the 3 month S&P 500 chart. It’s making a “pennant” formation with the high in early September and the […]
