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Europe: +44 (0) 207 198 1634 Equities and the economy It was not a good day for equities yesterday. Not just in the U.S. but globally. While the Dow fell 134 points, 0.75%, to 17,603 and the S&P dropped 21, 1.01%, to 2,045 and the Nasdaq declined 48, 0.98%, to 4,894., global stocks as measured by the bellwether MSCI All-Country World […]
Equities and the economy It was a sedate day on Wall Street yesterday with some profit taking after the recent rally which took the market to 2016 highs. The Dow closed down 56 points, 0.31%, at 17,737, the S&P 500 fell 7, 0.32%, to 2,066 and the Nasdaq was off 23, 0.45%, finishing at 4,892. […]
Equities and the economy A solid jobs report, encouraging data on manufacturing and dovish monetary policy pushed stocks markedly higher on Friday with the Dow closing up 108 points, 0.61%, at 17,793, the S&P 500 adding 13, 0.63%, to 2,073 and the Nasdaq finishing at 4,915, up 45 points, 0.92%. For the week the Dow, […]
Equities and the economy While U.S. stocks posted a lackluster day yesterday with the Dow closing 32 points lower at 17,658, the S&P 500 falling 4 to 2,060 and the Nasdaq eking out a gain of 1 to 4,870, equities performance since the beginning of 2016 has been really interesting. For example, the S&P 500 […]
Equities and the economy U.S. investors continued buying equities yesterday on Janet Yellen’s releasing of the doves (with respect to monetary policy) with the “promise” that the Fed is in no hurry to raise interest rates. The major U.S indexes marked a 3rd day of gains with the Dow closing up 84 points, 0.5%, at […]
Equities and the economy Jump’n Janet flash hit the gas, gas, gas! As I mentioned in yesterday’s blog, the big event of the day was Janet Yellen speaking before the Economics Club of New York and her message was clear: monetary expansion is on the table, which means raising interest rates is off, at least […]
Equities and the economy As I expected, with the European markets closed it was a quiet day on Wall Street yesterday. The Dow closed up 20 at 17,535, the S&P 500 rose a single digit to 2,037 while the Nasdaq fell 7 finishing at 4,767. Yesterday about 5.1 billion shared changed hands on U.S. exchanges, […]
Equities and the economy U.S. stocks snapped a five week winning streak Thursday closing little changed. The good news was that the major indexes traded materially lower all day but recovered to end flat to Wednesday. The Dow rose 13 points to 17,516, the S&P 500 fell a point to 2,036 and the Nasdaq finished […]
Equities and the economy Want to see what the stock market is doing? Just look at oil. Oil closed down and so did stocks. The Dow fell 80 points, ½%, to 17,502, the S&P 500 was off 13, 0.6%, at 2,037 and the more volatile Nasdaq gave up 53 points, 1.10%, at 4,769. Yesterday’s price […]
Equities and the economy It was another choppy day on Wall Street, although the Dow did snap a seven day win streak closing down 41 points at 17,583. The S&P 500 dropped 2 to 2,049. All just flesh wounds (Monty Python’s Black Knight lives!) On the back of healthcare stocks the Nasdaq closed 13 points […]
