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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning and happy National Hairball Awareness Day. U.S. equities posted modest gains yesterday but it was good enough for the Nasdaq to close at its highest level in 15 years! Whoo-hoo! The tech heavy index rose 21 points (0.4%) ending at 5,056 surpassing the 15 year high set on March […]
Equities and the Economy Good morning and happy National Talk Like Shakespeare Day. U.S. equities ended higher yesterday after a choppy day of trading. The Dow closed up 89 points and once again over 18,000 at 18,038. The S&P 5000 added 11 to 2,108. The Nasdaq finished 21 points higher at 5,035 which is just […]
The U.S. electric grid will require major changes to reposition itself for the future challenges of climate change, new technologies, and national security in coming decades, according to a first-ever “Quadrennial Energy Review” released by the Obama administration. The report says our system for getting electricity stands at a “strategic inflection point” and requires “significant change” in order […]
Equities and the Economy Good morning and happy National Cheeseball Day. U.S. equities ended very slightly lower yesterday than Wednesday with the Dow off 7 to 18,106, the S&P 500 down 2 to 2,105 and the Nasdaq ending 3 lower to 5,008. The Dow was up 57 points at one time during the day but […]
Equities and the Economy Good morning and happy National High Five Day. U.S. equities ended higher yesterday getting a boost from higher oil prices and better than expected earnings. The Dow added 76 points (0.4%) to 18,112, the S&P 500 closed up 11 (0.5%) at 2,107 and the Nasdaq gained 34 points (0.7%) once again […]
Equities and the Economy Good morning. U.S. stocks have been meandering the last couple of days closing slightly down on Tuesday (although the price action on that day was terrible) and closing slightly up yesterday. As Richard Dawson used to say “Survey Says” Dow up 27 to 17,903, S&P 500 up 6 to 2,082 and […]
Equities and the Economy Good morning. The market had time to digest the lousy Labor Department’s Employment Situation Report from Friday and after selling futures all weekend and into the open investors came to realize the bad news is once again good news. As I mentioned in yesterday’s morning Report, the jobs report means the […]
Equities and the Economy Good morning. After the biggest sell off in two months amid a surging dollar U.S. stocks stabilized yesterday albeit at marginally lower levels with the Dow closing down 28 at 17,635, the S&P 500 off 4 to 2.040 and the Nasdaq losing 10 to 4,850. Most of the day the indexes […]
Equities and the Economy Good morning. Yet another quiet day for U.S. stocks ending in mixed results. The Dow lost 10 points to 18,214 and the S&P 500 closed down 3 at 2,111. The Nasdaq bucked the trend gaining 21 points to 4,988. Those of you with higher math skills will note the Nasdaq is […]
Equities and the Economy Good morning. Yesterday was what I call “chatter” with the Dow falling 23 to 18,117, the S&P 500 literally closing flat to Friday at 2,110 and the Nasdaq adding 5 points to 4,691. Hurting the Dow index were oil stocks which fell in sync with lower oil prices. The Nasdaq rose […]
