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Europe: +44 (0) 207 198 1634 Equities and the Economy: • After two big days stocks pause. • Trump Administration rolls out tax reform plan. After two outstanding days U.S. equities took a breather yesterday ending little changed to Tuesday. The Dow fell 21 points to 20,975 and the S&P 500 closed down 1 point at 2,387. Intraday the Nasdaq hit […]
Equities and the Economy: • U.S. stocks extend big rally for second consecutive day. • Nasdaq closes at second consecutive record high. The party continued for a second consecutive day yesterday with the Dow gaining 232 points, 1.1%, to 20,996, the S&P 500 closing up 14, 0.6%, at 2,389 and the Nasdaq rising 42 points, […]
Equities and the Economy: • Investors pile back into stocks after the French elections. • Nasdaq posts another record high. Relieved that centrist Emmanuel Macron garnered the most votes in round one of the French elections investors poured back into stocks sending both European and U.S. stocks soaring. France’s CAC 40 skyrocketed up 4.14% ending […]
Equities and the Economy: • U.S. stocks closed lower on Friday but up for the week. • First round of French elections over and it’s “risk on” today. The major U.S. indexes closed lower on Friday with the Dow falling 31 points to 20,548, the S&P 500 off 7 points to 2,349 and the Nasdaq […]
Equities and the Economy: • Earnings and government speak drive the major indexes higher. • Nasdaq sets record high. Strong earnings from American Express comments by Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross drove stocks higher yesterday with the Dow popping a hefty 174 points, 0.9%, to 20,579, the S&P 500 rose 18 […]
Equities and the Economy: • First Goldman, now IBM. • Dow closes at lowest level since February 10th. Tuesday it was Goldman Sachs’ disappointing earnings that sent the Dow lower. Yesterday it was IBM. The company reported weaker than expected sales in Q1 and investors punished the company pushing its stock price down 3.9%, its […]
Equities and the Economy: • Stocks end materially lower. • Unexpectedly weak earnings from Goldman Sachs and Johnson & Johnson to blame. I’ve been telling you that S&P 500 P/E ratios are lofty and a company’s earnings better come in at expectations or its stock will get pounded, and that’s exactly what happened yesterday, at […]
Equities and the Economy: • Investors risk appetite increases after risk-off holiday weekend. • U.S. stocks bounce back. After three sessions of losses putting the indexes at two month lows on Thursday U.S. equities rallied hefty yesterday with investors putting back on the risk they’d taken off before the holiday weekend. The Dow rose a […]
Equities and the Economy: • Major stock indexes close lower on Thursday for 3rd consecutive session. • All three indexes post weekly losses. It was a lousy Thursday with the major equity indexes taking it on the chin in the holiday shortened week. The Dow lost 139 points, 0.7%, finishing at 20,453, the S&P 500 […]
Equities and the Economy: • Stocks fall for 6th time out of 9. • Yield on 10 year Treasury lowest since November. It’s been like Chinese water torture lately for equities. Drip, drip, drip lower. Yesterday the indexes closed lower for the 6th session out of 9 with the Dow off 59 points to 20,592, […]
