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Europe: +44 (0) 207 198 1634 Equities and the Economy: M & A activity drive equities higher. Volume light. U.S. stocks closed higher yesterday on the announcement that chipmaker Marvell Technology will buy rival Cavium. Possibly like myself, you’ve never heard of either company, but the importance here is that investors view mergers and acquisitions activity as bullish for equities because […]
Equities and the Economy: Stocks close lower on Friday. Dow and S&P log second consecutive down week. U.S. equities closed out the week on a down note with the Dow shedding 100 points to 23,358, the S&P 500 posting a loss of 7 points to 2,579 and the Nasdaq sliding 11 points to 6,783. Both […]
Equities and the Economy: • Equities rise sharply. • Strong corporate earnings and progress on tax reform. Well that wasn’t much of a dip. After falling 4 of the last 5 sessions, U.S. equities posted big gains yesterday. The Dow ended up a very nice 187 points, 0.8%, at 23,458. It was up as much […]
Equities and the Economy: • Dow and S&P have biggest percentage loss in 2 months. • Energy and progress on tax reform blamed. Well guess what folks? Stocks do go down. U.S. equities fell yesterday for the 4th of 5 sessions with yesterday’s losses the largest of the 4 days. The Dow fell 138 points, […]
Equities and the Economy: • Dow off for 3rd of 4th session. • Losses remain minor. The major U.S. stock indexes finished lower yesterday with the Dow closing down 30 points at 23,409, the S&P 500 falling 6 points to 2,579 and the Nasdaq dipping 20 points to 6,738. The positive news is that the […]
Equities and the Economy: • Stocks eke out gains. • Major indexes remain near record highs. It was a muted session yesterday with the three main U.S. equity benchmarks posting very marginal gains yesterday. The Dow rose 17 points to 23,440, the S&P 500 climbed 3 points to 2,585 and the Nasdaq advanced 7 to […]
Equities and the Economy: • Concerns on tax reform plans. • Profit taking. On concerns over the Senate’s tax plan, which delayed corporate tax cuts for a year, and with the strong performance of the equity markets in recent weeks, investors decided to take some profits on Friday. The Dow closed down 40 points at […]
Equities and the Economy: • Stocks snap 7 session win streak. • Investors disappointed by Senate tax plan. U.S. stocks have climbed relentlessly higher of late and investors have been looking for an excuse to take profits, and they got one yesterday when the Senate released its tax plan. Whereas the House’s tax proposal immediately […]
Equities and the Economy: • Slight gains set record highs once again. • No alternative to equities. U.S. stocks booked small gains yesterday but enough to yet again post new record highs. The Dow closed up a meager 6 points at 23,563, the S&P 500 gained 4 points to 2,594 and the Nasdaq Composite rose […]
Equities and the Economy: • Dow ends at record. • S&P and Nasdaq flat to down marginally. It was a choppy day yesterday but saying that, the Dow did manage to eke out another record high closing up 9 points at 23,557. The S&P 500 closed flat to Monday at 2,591 and the Nasdaq slipped […]
