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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S. equities retreated marginally from record highs set on Friday (S&P and Nasdaq). The Dow closed off 14 at 18,529, the S&P 500 lost 2 points to 2,181 and the Nasdaq finished down 8 at 5,213. Total chatter. And actually pretty darn good being we’re at record highs and P/E ratios […]
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: It was a bad day for the bulls yesterday with the Dow and S&P 500 having their worst day in a month. The Dow lost 91 points, 0.5%, finishing at 18,324, the S&P fell 14, 0.6%, ending at 2,157 and the Nasdaq dropped 47 points, 0.9%, to 5,138. The Dow has […]
Equities and the Economy Maybe it’s the dog days of summer, but U.S. equities have really been sedate of late, albeit the major indexes are indeed bivouacking near record highs. The S&P 500 did manage to hit a new high intraday but could not hold onto the gain and closed down 3 points at 2,171. […]
Equities and the Economy: The S&P 500 barely missed a record closing high Friday and the Nasdaq booked its best finish in more than a year as Wall Street shook off a horrible Q2 GDP number. The S&P closed up 4 points on Friday at 2,174, just 1 point shy of the previous Friday’s all-time […]
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: It was, as Yogi Berra said, “déjà vu all over again” on Wall Street yesterday with the Dow and S&P 500 pretty much closing flat to Tuesday’s closing numbers and the Nasdaq rising. The Dow lost 2 points to 18,472 and the S&P fell 3 points to 2,167. Total chatter. The […]
Equities and the Economy: The Dow and S&P 500 were lackluster yesterday with the former off 19 points to 18,474 and the latter up a single point to 2,169 but the Nasdaq got a nice pop, thanks to Apple, rising 12 points, 0.24%, to 5,110 and at a new 2016 high. The “fruit” company posted […]
