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Europe: +44 (0) 207 198 1634 Equities and the Economy: • U.S. stocks on the defensive yesterday on hard Brexit. • Still range bound trading. While you were sleeping Monday night UK Prime Minister Theresa May gave her much anticipated speech regarding the UK leaving the European Union stating Britain is looking for a clean break from the EU. Investors viewed […]
Equities and the Economy: • Stocks continue to meander. • Fundamentals look solid. The lumberjack continues working away. Chop. Chop. Chop. That explains the U.S., and even the European, equity markets over the past month. Yesterday it was more of the same with the Dow closing down 63 points at 19,891, the S&P 500 dropping […]
Equities and the Economy: • Nasdaq closes at record high. • Dow and S&P meandering. The tech heavy Nasdaq closed up 20 points, 0.4%, yesterday at 5,552 marking the 6th consecutive day of gains with the last four at record highs representing the longest stretch of record closes for the index since 1999. Impressive. Enthusiasm […]
Equities and the Economy: • U.S. equities continue their post-election grind higher. • Dow trades within a gnat’s eyelash of 20,000. U.S. equities ended the week higher with the Dow closing up 65 points at 19,964, the S&P 500 added 8 to 2,277 and the Nasdaq finished 9 points higher at 5,521. The Dow got […]
Equities and the Economy: • U.S. stocks begin 2017 in the green. • Dow still looking to break 20,000. U.S. stocks began 2017 on a positive note with the Dow closing up 119 points, 0.6%, at 19,882, the S&P 500 climbing 19 points, 0.9%, to 2,258 and the Nasdaq finishing at 5,429, up 46, 0.9%. […]
Equities and the Economy: • U.S. stocks fell Friday on profit taking. • All three major indexes post nice gains for 2016. U.S. stocks finished the year on a mild down note with the Dow losing 57 ending at 19,762, the S&P 500 falling 10 points to 2,239 and the Nasdaq ended down 49 points […]
Equities and the Economy: • U.S. stocks little changed in a week. • Dow still looking to penetrate 20,000. It’s been a week since the last Morning Energy Blog and in that time U.S. equities have gone sideways. Last Wednesday the Dow, S&P 500 and Nasdaq closed at 19,942, 2,265 and the Nasdaq 5,471, respectively. […]
Equities and the Economy: • Record highs again for Dow and Nasdaq. • Banking sector driving the market. The Dow gained 92 points yesterday, 0.5%, closing at a record high of 19,975 trading intraday even higher at 19,988, just 12 points shy of 20,000. The Nasdaq also closed at a record high at 5,484, up […]
Equities and the Economy: • Dow finishes at another record high. • Yesterday marked the 7th consecutive close higher. U.S. equities continued their relentless, post-election march higher. The Dow closed once again at a record high advancing 115 points, 0.58%, to 19,911 and just 89 points shy of 20,000! Now the 20,000 number has no […]
Equities and the Economy: • U.S. equities close mixed. • Dow logs yet another record high. U.S. stocks meandered with little direction yesterday. When the final bell rang the Dow posted another record high rising 40 points, 0.2%, closing at 19,796, the S&P 500 and Nasdaq finished lower with the former falling 3 points ending […]
