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Europe: +44 (0) 207 198 1634 Equities and the Economy: Kind of a strange day yesterday. Taking their que from fairly strong European markets, U.S. stocks were markedly higher in the morning and up as much as 132 points an hour after the open but they then began to fade and in early afternoon were even negative on the day by […]
Equities and the Economy: Friday capped a very volatile week for U.S. stocks with the Dow closing down 89 points, 0.49%, at 17,124, the S&P 500 fell 8 points, 0.38%, ending at 2,139 and the Nasdaq finished off 5, 0.10%, at 5,245. Now for the good news. The S&P 500 squeezed out a weekly gain […]
Equities and the economy: Yee-haw! It feels like I’m watching the bull riding competition at the Houston Rodeo. Down, up, down. A third consecutive day of volatility greater than 1%. Yesterday the Dow sunk 258 points, 1.41%, closing at 18,066, the S&P 500 fell 32, 1.48%, to 2,127 and the Nasdaq ended down 57, 1.09%, […]
Equities and the Economy: After months of calm volatility has returned to the U.S. stock market. Following the big drop on Friday, primarily due to dovish Boston Fed President Rosengren’s hawkish comments regarding interest rates, equities jumped yesterday, albeit by not as much as they fell, also on Fed speak. Yesterday it was dove Fed […]
Equities and the Economy: On Friday U.S stocks had their worst day since June with investors hitting the “sell” button and taking profits. The Dow lost 394 points, 2.1%, ending at 18,085, the S&P 500 shed 53 points, 2.45%, to finish at 2,128 (the biggest one day drop since June 24th, the day after the […]
Equities and the Economy: U.S. equities retreated yesterday with the Dow falling 46 points to 18,480, the S&P 500 off 5 to 2,181 and the Nasdaq snapped a four day winning streak which took it to new highs closed down 24 at 5,259. But let’s keep this all in perspective, stocks remain near their record […]
Equities and the Economy: Yesterday was a completely lackluster day. The Dow fell, the S&P 500 closed flat to Tuesday and the Nasdaq rose with the latter setting a new record high. The numbers are: Dow down 12 to 18,526, the S&P at 2,186 and the Nasdaq up 8 to 5,284 getting a boost from […]
Equities and the Economy: U.S. stocks continue to climb the Wall of Worry closed marginally higher yesterday with the Dow up 46 points to 18,538, the S&P 500 up 7 to 2,186 and the Nasdaq up 26 to 5,276 which is a record high for the tech heavy index! By the way, climbing the Wall […]
Equities and the Economy: It was “bad news is good news” on Friday with the closely watched Labor Department’s Employment Situation Report for July released. The bad news was that per the department 151,000 jobs were added in the month with economists forecasting an increase of 180,000. The good news was that investors interpreted the […]
Equities and the Economy: It got a little scary yesterday after The Institute of Supply Management released its manufacturing index for August noting a fall from July’s 52.6 to 49.2 and most importantly, below 50 which is the demarcation between expansion and contraction. This was the first time in 6 months the index fell with […]
