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Europe: +44 (0) 207 198 1634 Good morning. Friday was a horrible day for U.S. stocks. The Dow lost 316 points, 1.79%, the S&P 500 dropped, 33, 1.62%, and the Nasdaq ended off 55 points, 1.16%, at 4,654. It wasn’t just Friday that stunk. The whole week did with the S&P down 3.5%, its worst weekly performance since May 2012. The […]
Good morning. At this time yesterday morning things were looking pretty bleak with all the Asian, European and U.S. markets all down materially. It was even worse during the regular session with the S&P 500 down as much as 1.3%, 218 points!, lower on the day. But bargain hunters came in on the pulverized energy […]
Good morning. It may be the holiday season but it was bah-humbug yesterday in the equity markets with U.S. stocks suffering their biggest one day slide in nearly 7 weeks with the Dow closing down 106 points, 0.6%, at 17,852, the S&P 500 losing 15, 0.75%, at 2,060 and the Nasdaq down 40, 0.84%, at […]
Good morning. It’s absolutely amazing to me what one single report can do! On the coattails of a blowout jobs report Friday U.S. equities jumped, bond prices fell, the U.S. dollar leapt and gold got whacked. The Dow and S&P 500 hit new highs on an intraday basis but lost traction in the afternoon backing […]
Good morning. U.S stock prices ended yesterday pretty much flat to Wednesday with the Dow off 12 points to 17,900, the S&P 500 down 2 to 2,071 and the Nasdaq closing at 4,769, 5 points lower. I’d normally say “chatter” but it was a little scary intraday when the Dow was down 100 points! Then […]
Good morning. The Dow and S&P 500 set another both intraday and closing high yesterday with the former adding 33 points to 17,913 and the latter 8 points to 2,074. I’m about to give you staggering statistic. This year the Dow has closed at a record high 48 times and the S&P 33 times! If […]
Good morning. U.S. stocks bounced nicely from Monday’s losses yesterday driven by fundamental news. Yesterday the Dow climbed a nice 103 points closing at 17,880, the S&P 500 jumped 14 to 2,067 and the Nasdaq was up 29 to 4,756. Driving equities higher was positive news on the construction front with spending rising a stout […]
Good morning. Black Friday, and the whole weekend, turned out to be exactly that for retailers. The trade group National Retail Federation said Sunday that total spending over the Thanksgiving weekend were down 11% from last year. That and Moody’s downgrade of Japan’s credit rating weighed on the equities with the Dow losing 51 points […]
Good morning. I hope everyone enjoyed the holiday and got a chance to spend time with your loved ones. Let’s see what’s transpired since last Monday which was the last closing data reported. On that day the Dow and S&P 500 closed at record highs of 17,818 and 2,069, respectively. The Nasdaq closed at 4,755. […]
Good morning. Once again the Dow and S&P 500 set record highs but by the barest of margins. The Dow added a mere 8 points to 17,818 and the S&P gained 6 to 2,069. The bellwether S&P has risen 7 of the last 8 days and has gained 12% this year. Remember, this is after […]
