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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Solid June employment report. • Stocks notch small weekly gain. Stocks closed higher on Friday with the Dow gaining 94 points closing at 21,414, the S&P 500 adding 15 ending at 2,425 and the Nasdaq finishing up 64 points at 6,153. Friday’s strength was enough to push all three indexes […]
Equities and the Economy: • Dow and S&P little changed. • Nasdaq rallies after 3 losing sessions. The Dow and S&P 500 ended little changed after the holiday with the former closing down a point at 21,478 and the latter ending up 4 at 2,433. The Nasdaq, after closing in the red for the previous […]
Equities and the Economy: • Nasdaq back to its winning ways. • Housing market still on fire. The Dow and S&P 500 ended little changed on Friday with the former slipping 3 points to 21,385 and the latter rising 4 points to end at 2,438. The Nasdaq, which had a flash crash earlier this month, […]
Equities and the Economy: • Not much movement in a week. • Housing market hot. I’ve been in Washington D.C. for a week with my two teenage daughters and while still monitoring the markets, my last Morning Energy Blog was June 14th, which discussed the markets on June 13th, so let’s see how things have […]
Equities and the Economy: • Dow and S&P set record highs. • FOMC meeting concludes today. After two days of capitulation technology shares rebounded pushing the Dow and S&P 500 to new record highs. The Dow gained 93 points to close at 21,328 and the S&P rose 11 points to 2,440. While the Nasdaq didn’t […]
Equities and the Economy: • Tech stocks get destroyed. • Overall market remains healthy. On Friday it was as if Isaac Newton discovered gravity with the Apple falling, and falling hard. The “fruit company” [Forrest Gump] stock dropped a huge 3.9% on Friday amidst a rout in technology stocks. The Nasdaq, which intraday posted a […]
Equities and the Economy: • Investors digesting major news events from yesterday. • Nasdaq finishes at record high. Investors are digesting the trifecta of news events that occurred yesterday. The first event was the conclusion of the ECB’s meeting. The central bank made no changes to their current accommodative monetary stimulus program but changed the […]
Equities and the Economy: • Investors remain cautious. • Three major events tomorrow. Yesterday was a second consecutive day of investors marginally shifting to safety and out of stocks. The Dow fell 48 points ending at 21,136, the S&P 500 dropped 7 points to 2,429 and the Nasdaq slid 21 points to 6,275. Those movements […]
Equities and the Economy: • Equities end slightly lower. • Globally, investors slightly more cautious. U.S. stocks ended marginally lower yesterday with the Dow closing down 22 points at 21,184, the S&P 500 ended off 3 points to 2,436 and the Nasdaq fell 10 to 6,296. Not really a big deal being we had multiple […]
Equities and the Economy: • U.S. stocks closed for 2nd consecutive session at record highs. • May jobs report disappointing. The Labor Department released its jobs report for May and it was in large contrast to the ADP report. Earlier in the week ADP’s report showed the U.S. added a whopping 253,000 private sector jobs […]
