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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Both U.S. and global equities continue to advance. • Trumponomics driving the market. All three major U.S. bourses closed higher on Friday. The Dow added 97 points, 0.48%, to 20,269 (note that’s solidly above 20,000), the S&P 500 finished 8 points up, 0.36%, at 2,316, a new record high, […]
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: • After two down days stocks bounce back marginally. • FOMC leaves interest rates unchanged. U.S. equities bounced back marginally yesterday with the Dow closing up 27 at 19,891 which was disappointing because the index was up more than a 100 points intraday. The S&P 500 added only a point ending […]
Equities and the Economy: • S&P 500 closes lower for 4th consecutive session. • For the month of January, all three major bourses post gains. It was a mixed bag for U.S. equities yesterday with the Dow getting smacked closing down 107 points, a half percent, at 19,864, the S&P 500 ending down 2 at […]
Equities and the Economy: • Stocks log worst day since mid-October. • Blame Trump’s immigration executive order. Yesterday the Dow fell 123 points, 0.61%, dropping below 20,000 to end at 19,971, the S&P 500 lost 14 points, 0.60%, finishing at 2,281 and the Nasdaq lost 47, 0.83%, to 5,614. All three indexes posted their worst […]
Equities and the Economy: • Q4 2016 GDP disappoints. • U.S. equities close the week mixed. The Commerce Department reported on Friday that 4th quarter 2016 GDP grew at an annualized rate of 1.9% which was disappointing for economists were looking for something closed to 2.2%. This was after Q3 2016 GDP rose at a […]
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: • Dow breaches 20,000. • All three major indexes set new highs. U.S. equities closed at all-time highs yesterday with the Dow, after meandering for a month and a half just below 20,000, breaking through that level. 20,000 really doesn’t mean anything technically (not significant number to technicians) but it is […]
