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Archive for the ‘Oil Production’ Category

Morning Energy Blog – February 6, 2017

Equities and the Economy: • Friday was the Dow’s best day of the year. • For the week major indexes unchanged. U.S. equities had a great day on Friday with the Dow rallying 176 points, 0.9%, and back over 20,000 ending at 20,061. The S&P 500 closed 16 points higher, 0.7%, at 2,297 and the […]

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Morning Energy Blog – February 3, 2017

Equities and the Economy: • Headlines, not earnings data, dominating. • Employment Report for January just released. The U.S. indexes continued the chop that’s been prevailing this week. The Dow shed 38 points ending at 19.853, the S&P 500 slipped 3 to 2,276 and the Nasdaq lost 14 to 5,627. It’s earnings season and earnings […]

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Morning Energy Blog – February 2, 2017

Equities and the Economy: • After two down days stocks bounce back marginally. • FOMC leaves interest rates unchanged. U.S. equities bounced back marginally yesterday with the Dow closing up 27 at 19,891 which was disappointing because the index was up more than a 100 points intraday. The S&P 500 added only a point ending […]

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Morning Energy Blog – January 31, 2017

Equities and the Economy: • Stocks log worst day since mid-October. • Blame Trump’s immigration executive order. Yesterday the Dow fell 123 points, 0.61%, dropping below 20,000 to end at 19,971, the S&P 500 lost 14 points, 0.60%, finishing at 2,281 and the Nasdaq lost 47, 0.83%, to 5,614. All three indexes posted their worst […]

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Morning Energy Blog – January 30, 2017

Equities and the Economy: • Q4 2016 GDP disappoints. • U.S. equities close the week mixed. The Commerce Department reported on Friday that 4th quarter 2016 GDP grew at an annualized rate of 1.9% which was disappointing for economists were looking for something closed to 2.2%. This was after Q3 2016 GDP rose at a […]

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Morning Energy Blog – January 27, 2017

Equities and the Economy: • Dow posts a second consecutive record high. • S&P 500 and Nasdaq close unchanged. It was a small gain but enough for the Dow to close at a record high for a second consecutive day rising 32 points to 20,101. After closing at record highs Tuesday and Wednesday the S&P […]

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Morning Energy Blog – January 26, 2017

Equities and the Economy: • Dow breaches 20,000. • All three major indexes set new highs. U.S. equities closed at all-time highs yesterday with the Dow, after meandering for a month and a half just below 20,000, breaking through that level. 20,000 really doesn’t mean anything technically (not significant number to technicians) but it is […]

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Morning Energy Blog – January 25, 2017

Equities and the Economy: • S&P 500 and Nasdaq close at record highs. • Dow 20,000 back in play. A solid round of corporate earnings and a positive batch of PMI’s boosted investors’ confidence bringing in buying pushing the S&P 500 and Nasdaq to record highs. The S&P closed up 15 points, 0.66%, at 2,281 […]

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Morning Energy Blog – January 24, 2017

Equities and the Economy: • U.S. stocks continue to meander. • Volume very low. The major U.S. equity index closed lower yesterday with the Dow falling 37 to 19,800, the S&P 500 off 6 to 2,265 and the Nasdaq closing down a scant 2 points at 5,553. Chatter. Trading volumes are extremely low, not just […]

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Morning Energy Blog – January 23, 2017

Equities and the Economy: • Dow ends 5 session skid. • Market remains range bound. After five consecutive losing sessions U.S. stocks finished higher on Friday with the Dow closing up 95 points, 0.48%, the S&P 500 adding 8, 0.34%, ending at 2,271 and the Nasdaq climbing 15 points, 0.28%, ending at 5,555. However, caution […]

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