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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks pull back from record territory. • Falling Merck shares and fiscal policy drivers. U.S. stocks pulled back from record territory yesterday with the Dow closing down 85 points at 23,349, the S&P 500 losing 8 points to 2,573 and the Nasdaq Composite slipping 2 points to 6,699. A couple of […]
Equities and the Economy: • U.S. stocks end mixed. • Nasdaq hits another record high. It was a relatively quiet day yesterday with mixed price action. The Dow fell 67 points to 21,513 and the S&P lost 3 points to end at 2,470. Meanwhile the Nasdaq posted a 23 point gain finishing at 6,411, is 41st record […]
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: • 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: After dropping 800 points at around midnight on Tuesday U.S., stocks have logged huge gains on Wednesday and Thursday with the Dow closing at a record high yesterday. The blue chip index rose 218 points yesterday, 1.2%, finishing at 18,808. The S&P 500 gained 4 points ending at 2,167. The Nasdaq […]
Equities and the economy On Friday U.S. stocks booked a 4th consecutive gain with the Dow adding 19 points to 17,949, the S&P 500 gaining 4 to 2,103 and the Nasdaq rising 20 points to 4,863. The Dow came within a whisker of its pre-Brexit close of 18,011 before retreating in the afternoon. The S&P […]
Equities and the economy U.S. stocks fared better than Houston yesterday with 20 inches of rain falling in the city in a 24 hour period forcing the city to shut down, which is why the Blog was not published yesterday. The Dow, which gained 107 points, 0.60%, closed for the first time over 18,000, at […]
Equities and the Economy Equities roared strong for a second consecutive session adding to last Friday’s gains. The Dow popped a big 223 points, 1.39%, and back over 16,000 to 16,196. The S&P jumped 31, 1.65%, to 1,896 and the Nasdaq was the big winner rising a whopping 2.27%, 98 points, to 4,435. I like […]
Equities and the Economy The stock market was closed yesterday so let’s recap what happened Friday. Bottom line, it was outstanding! U.S. stocks snapped a five day losing streak logging their largest daily gains of the month led by financial and energy shares. The Dow closed up a big 314 points, an even 2%, at […]
Equities and the Economy No sense sugar coating it. 2016 began abysmally. It was the worst first trading day of the year in 15 year. The Dow lost 276 points, 1.58%, finishing at 17,149, the S&P 500 fell 31, 1.51%, to 2,103 and the Nasdaq closed 104 points lower, 2.09%, and once again under 5,000 […]
