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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Another record high for the Dow. • House Republicans unveil tax cut bill. The Dow yesterday rallied 81 points to close at a new record high of 23,516. This is the 55th record closing high for the blue-chip index this year. Absolutely amazing! The S&P 500 closed flat to Wednesday […]
Equities and the Economy: • Dow and S&P post intraday record highs. • Fed leaves interest rates unchanged. Yesterday the Dow and S&P 500 both hit intraday record highs but retreated closing mere points from record levels. The Dow added 58 points closing at 23,435 and the S&P climbed 4 points to finish at 2,579. […]
Equities and the Economy: • Nasdaq ends at record high. • Dow & S&P log 7th consecutive monthly rise. The three major indexes all closed higher yesterday. The Dow rose 29 points to 23,377 while the S&P 500 added a couple of points finishing at 2,575. The Nasdaq had a fine day advancing 29 points to […]
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: • S&P and Nasdaq log new record highs. • Q3 GDP posts solid growth for second consecutive quarter. On Friday both the S&P 500 and Nasdaq set new record highs. The S&P ended 21 points higher at 2,581. The Nasdaq advanced a whopping 144 points (2.2%!) ending at 6,701 logging its best […]
Equities and the Economy: • Equities rebound. • Strong corporate earnings reports. After suffering their biggest daily decline in 7 weeks, the Dow and S&P 500 rebounded, however, the Nasdaq edged lower. The Dow posted a 71 point gain to 23,401 and the S&P 500 added 3 points to 2,560, but the Nasdaq slipped 7 […]
Equities and the Economy: • U.S. stocks have worst day in 2 months. • Corporate earnings disappoint. I have something new to report. Stocks fell yesterday. Lately we’ve been like very spoiled children for day after day the major U.S. stock indexes have risen, if not set new record highs. No markets go straight up […]
Equities and the Economy: • Dow sets yet another record high. • Corporate earnings driving market. Yesterday the Dow catapulted to a new record high closing up a big 168 points, 0.72%, at 23,442 driven by good earnings reports from a couple of its members. The blue-chip index posted its biggest daily percentage gain in […]
Equities and the Economy: • Stocks end 6 session win streak. • Markets bivouacking. U.S. stocks closed lower yesterday snapping their 6 session winning streak. The Dow fell 55 points to 23,274, the S&P 500 lost 10 points ending at 2,565 and the Nasdaq dropped 42 points to 6,587. Momentum was waning and profit taking […]
Equities and the Economy: • More record closing highs. • Corporate earnings and tax reform drivers. All three major U.S. stock indexes closed at record highs on Friday. The Dow rose 166 points, 0.71%, to 23,329, the S&P 500 gained, 13 points, 0.51%, to finish at 2,575 and the Nasdaq added 24 points, 0.36%, to […]
