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Europe: +44 (0) 207 198 1634 Equities and the Economy: Another pretty boring day on Wall Street yesterday. The Dow closed down 13 at 18,269, the S&P 500 added a single digit to 2,161 and the Nasdaq fell 10, 5,307. Look at the 3 month S&P 500 chart. It’s making a “pennant” formation with the high in early September and the […]
Equities and the Economy: Boy has this market been choppy lately. One day up. One day down. Yesterday was the former. The Dow closed up 113, 0.62%, at 18,281, the S&P 500 gained 9, 0.43%, finishing at 2,160 and the Nasdaq rose 26, 0.50%, to 5,316. As I mentioned previously, this market has been range […]
Equities and the Economy: U.S. equities failed to hold on to their early morning gains ending the day in the red. After being down by as much as 138 points the Dow fought back finishing the day down 85 points, 0.47%, at 18,168. The S&P 500 fell 11, ½%, to 2,150 and the Nasdaq as […]
Equities and the Economy: U.S equities began the quarter on a slightly sour note. The Dow fell 54 points to 18,253, the S&P 500 lost 7 ending at 2,161 and the Nasdaq closed down 11 at 5,301. It could have been worse. The Dow was down as much as 104 intraday. Let’s call it a […]
Equities and the Economy: Gesundheit. We all know that is they word said after someone sneezes, possibly the result of having a cold. Well Deutsche Bank has a cold and it spread to U.S. equities. As I’ve mentioned previously this week, Deutsche Bank has been under scrutiny because of its leverage and investors have been […]
Equities and the Economy: My apologies but this is going to be a brief Morning Energy Blog for I’ve been in meetings all morning. It was a good day for U.S. equities yesterday with the Dow closing up 85 to 18,312, the S&P 500 rising 7 to 2,167 and the Nasdaq advancing 3 points to […]
Equities and the Economy: Well it appears investors liked the results of the first presidential debate, and oh, maybe a number of stronger than expected economic reports just may have helped as well. Yesterday the Dow popped 133 points, 0.73%, finishing at 18,228, the S&P 500 rose 14, 0.64%, to 2,160 and the Nasdaq added […]
Equities and the Economy: U.S. equities were on the defensive yesterday. One stupid headline I read blamed the unknown surrounding last night’s presidential debate. The real reason was something that didn’t even happen in America (which is why I follow global events). Deutsche Bank’s stock, Germany’s largest bank, got whacked yesterday, down 7.1% and hitting […]
Equities and the Economy: Although U.S equities closed lower on Friday, with the Dow closing down 131 points, 0.7%, at 18,261, the S&P 500 off 12, 0.6%, to 2,165 and the Nasdaq dropping 34, 0.6%, ending at 5,306, it was a pretty good week with the S&P gaining 1.2%. Remember the Nasdaq closed at record […]
Equities and the Economy: Global equities were a sea of green yesterday with investors shaking off any jitters post the BoJ and, more importantly, FOMC meetings clicking the “buy” button. The Dow was up as much as 156 points and although it pulled back in the afternoon it still posted a good day ending up […]
