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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. In a light volume day the three bellwether indexes closed mixed. While the Dow and S&P 500 fell with the former losing 44 points to 17,986 and the latter down 2 points to 2,097, the tech-heavy Nasdaq bucked the trend gaining 18 points to 4,925. As is indicated by […]
Equities and the Economy Good morning. Equities slipped yesterday with the Dow closing down 17 points at 18,030, the S&P 500 falling 1 to 2,100 while the Nasdaq managing to eke out a gain of 7 to 4,906. All chatter. Now remember, the S&P is at record highs, the Dow is close to a record […]
Equities and the Economy Good morning. It was looking pretty good yesterday for most of the day with U.S. stocks trading nicely in the green, and then the bottom fell out. The FOMC finished its regularly scheduled two day meeting yesterday and released its post-meeting communique at around 2 PM Eastern and the market didn’t […]
Good morning. At this time yesterday morning things were looking pretty bleak with all the Asian, European and U.S. markets all down materially. It was even worse during the regular session with the S&P 500 down as much as 1.3%, 218 points!, lower on the day. But bargain hunters came in on the pulverized energy […]
Good morning. It may be the holiday season but it was bah-humbug yesterday in the equity markets with U.S. stocks suffering their biggest one day slide in nearly 7 weeks with the Dow closing down 106 points, 0.6%, at 17,852, the S&P 500 losing 15, 0.75%, at 2,060 and the Nasdaq down 40, 0.84%, at […]
Good morning. The Dow and S&P 500 set another both intraday and closing high yesterday with the former adding 33 points to 17,913 and the latter 8 points to 2,074. I’m about to give you staggering statistic. This year the Dow has closed at a record high 48 times and the S&P 33 times! If […]
Good morning. World markets slipped. Japan’s yen fell to another 7 year low. And the Dow and S&P 500 hit record highs again with the former closing 33 points higher at 17,719 and the latter adding 4 points to 2,053. This was a nice rebound for when I wrote this report yesterday morning Dow futures […]
Good morning. After hitting new highs on Tuesday U.S. equities slipped back yesterday but the damage was extremely minor. The Dow lost 2 to 17,686, the S&P 500 ended down 3 to 2,049 while the Nasdaq fared much worse shedding 27 points to 4,676. Not bad considering the S&P has hit 8 record highs and […]
Good morning. After three sucky days equities rebounded hard for us with the Dow climbing a whopping 155 points, 0.9%, the S&P 500 adding 16, 0.78%, to 1,998 (still below 2,000 ) and the Nasdaq lopping on 47, 1.03%, ending at 4,555. Yesterday was the best one day percentage gain for the Dow and S&P […]
Good morning. Stocks ended mostly down yesterday with the Dow rising 11 points ending at 17,078, the S&P 500 falling 2 to 2,001 and the Nasdaq getting hit 26 points settling at 4,573. While the former two indexes waffled on either side of unchanged the Nasdaq got whacked 0.56% dragged down by Apple which fell […]
