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Europe: +44 (0) 207 198 1634 Equities and the Economy: Excellent day yesterday! The Dow chalked up a gain of 118 points, 0.64%, to finish at 18,614, the S&P 500 added a healthy 10 points, 0.47%, ending at 2,186 and the Nasdaq popped 24, 0.46%, to close at 5,228. Besides the nice gains here’s what made the day special. This is […]
Equities and the Economy: U.S. stocks finished slightly higher yesterday with the Nasdaq posting a new record closing up 12 points at 5,225. The S&P 500 traded at a new record high intraday but eased back closing up a single point on the day at 2,182. The Dow added 4 points finishing at 18,533. The […]
Equities and the Economy: Whoo-hoo! And I’m not talking about Michael Phelps getting another gold metal, which is spectacular, I’m talking about Friday’s equities price action which put the S&P 500 and Nasdaq at record highs! On the heels of a very strong Labor Department employment report for July on Friday showing the U.S. added […]
Equities and the Economy: Yesterday U.S. stocks ended pretty much flat to Wednesday’s close with investors awaiting today’s Labor Department U.S. Employment Situation Report. The Dow ended down 2 points at 18,352, the S&P 500 closed flat to Wednesday at 2,164 and the Nasdaq added 7 to 5,166. Yawn. Turning to the economic news, the […]
Equities and the Economy: The Dow ended its losing streak yesterday by climbing 41 points and closing at 18,355. Even though the losing streak was 7 consecutive sessions, the retreat equated to only 1.4% so the damage was minimal. A “flesh wound” by the Black Knight’s standards. The S&P 500 chalked up a gain of […]
Equities and the Economy: Yesterday was yet another soggy day for U.S. equities with the Dow falling for the 4th consecutive session closing down 16 points at 18,456, the S&P 500 up 3 to 2,170 and the Nasdaq finishing 15 points higher at 5,155. After posting a sharp rally in June and early July the […]
Equities and the Economy For a change, U.S. stocks were pretty quiet yesterday closing mixed. While the Dow and S&P had marginal losses, 23 points to 17,986 and 2 points 2,098, respectively, the Nasdaq had a decent day rising 18 points ending at 4,877. It could have been worse for the Dow was down 100 […]
Equities and the Economy If you were an equity day trader yesterday it was a chop fest and most probably you lost money. After opening lower and being down as much as 127 points around noon eastern, stocks found some buyers, moved higher all afternoon and closed at their highest levels of the day. The […]
Equities and the economy Crazy day yesterday. U.S. equities opened lower and it looked like we were going to have a 6th consecutive day of losses but around noon eastern time the Dow tuned positive on the day and continued to rally into the close turning a bad day into a good one. The Dow […]
Equities and the economy As mentioned in Friday’s Blog, the headline data was the horrible May jobs report noting only 38,000 jobs were added in May. Putting into perspective how bad this report was, when the report was released the CNBC reporter reading the data said, “We seem to have lost a digit somewhere.” The […]
