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Europe: +44 (0) 207 198 1634 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 […]
Equities and the Economy: • Dow and S&P 500 post another record high. • Weekly unemployment claims lowest in 44 years. U.S. equities overcame serious selling pressure early to close pretty much unchanged. The Dow, which was down more than 100 points at one point, clawed its way back to close up 5 points at […]
Several coal- and natural gas-fired power plants are shutting down in Texas within the next year. This is expected to drop ERCOT’s reserve margin below their target threshold, which board members are expecting will strengthen power prices in the coming years. Recently announced planned retirements of 4,500 MW of generation capacity in the Electric Reliability […]
Equities and the Economy: • Dow closes above 23,000 for first time! • Al three major indexes finish at record highs. Thanks to IBM the Dow closed over 23,000 for the first time ever. The blue-chip index posted a hefty 160 point gain, 0.7%, ending at 23,158 thanks to IBM who’s stock price popped a […]
Equities and the Economy: • Upbeat economic data. • Nasdaq sets record high. Positive economic data pushed stocks higher on Friday. The Labor Department reported that the consumer price index rose 0.5% in September and 2.2% on an annual basis. This is the biggest increase in 8 months as hurricanes Harvey and Irma boosted demand. […]
Equities and the Economy: • Stocks edge higher to post new records. • September FOMC meeting minutes less hawkish. All the main benchmarks closed at new record highs yesterday. The Dow rose 42 points to 22,873, the S&P 500 climbed 5 to 2,555 and the Nasdaq gained 16 finishing at 6,604. There really wasn’t anything […]
Equities and the Economy: • Trump trade at work. • Dow logs 47th record high in 2017. Driven by the optimism tax reform is coming, investors have been buying U.S. equities in record amounts, literally. Yesterday all three of the primary stock indexes gained and all three touched fresh intraday record highs. The Dow rose […]
Equities and the Economy: • Stocks close little changed on light volume. • Nasdaq breaks 9 day rally. Equities closed marginally lower yesterday on very light volume due to the holiday. The Dow fell 13 points to 22,761 and the S&P 500 slipped 5 points to 2,545. The Nasdaq touched an all-time high intraday but […]
Equities and the Economy: • Stocks end little changed on Friday. • Post solid weekly gains. The Dow and S&P 500 suffered minor losses on Friday. The Dow fell an immaterial 2 points to 22,774 ending a 7 day winning streak. The S&P slipped 3 points to 2,549 ending its 8 day streak. The Nasdaq […]
