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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Slight gains set record highs once again. • No alternative to equities. U.S. stocks booked small gains yesterday but enough to yet again post new record highs. The Dow closed up a meager 6 points at 23,563, the S&P 500 gained 4 points to 2,594 and the Nasdaq Composite rose […]
Equities and the Economy: • Dow ends at record. • S&P and Nasdaq flat to down marginally. It was a choppy day yesterday but saying that, the Dow did manage to eke out another record high closing up 9 points at 23,557. The S&P 500 closed flat to Monday at 2,591 and the Nasdaq slipped […]
Equities and the Economy: • Stocks continue to set record highs. • Corporate earnings and merger talk drivers. Pushed by positive corporate earnings reports and merger (actually mega-merger!) talks the primary stock indexes closed at record highs yesterday. While the Dow and S&P 500 posted marginal gains it was enough to set new records. The […]
Equities and the Economy: • Another record high for the Dow. • House Republicans unveil tax cut bill. The Dow yesterday rallied 81 points to close at a new record high of 23,516. This is the 55th record closing high for the blue-chip index this year. Absolutely amazing! The S&P 500 closed flat to Wednesday […]
Equities and the Economy: • Nasdaq ends at record high. • Dow & S&P log 7th consecutive monthly rise. The three major indexes all closed higher yesterday. The Dow rose 29 points to 23,377 while the S&P 500 added a couple of points finishing at 2,575. The Nasdaq had a fine day advancing 29 points to […]
Equities and the Economy: • Equities rebound. • Strong corporate earnings reports. After suffering their biggest daily decline in 7 weeks, the Dow and S&P 500 rebounded, however, the Nasdaq edged lower. The Dow posted a 71 point gain to 23,401 and the S&P 500 added 3 points to 2,560, but the Nasdaq slipped 7 […]
Equities and the Economy: • U.S. stocks have worst day in 2 months. • Corporate earnings disappoint. I have something new to report. Stocks fell yesterday. Lately we’ve been like very spoiled children for day after day the major U.S. stock indexes have risen, if not set new record highs. No markets go straight up […]
Equities and the Economy: • Dow sets yet another record high. • Corporate earnings driving market. Yesterday the Dow catapulted to a new record high closing up a big 168 points, 0.72%, at 23,442 driven by good earnings reports from a couple of its members. The blue-chip index posted its biggest daily percentage gain in […]
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: • 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. […]
