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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S. stocks continue to climb the Wall of Worry closed marginally higher yesterday with the Dow up 46 points to 18,538, the S&P 500 up 7 to 2,186 and the Nasdaq up 26 to 5,276 which is a record high for the tech heavy index! By the way, climbing the Wall […]
Equities and the Economy: It was “bad news is good news” on Friday with the closely watched Labor Department’s Employment Situation Report for July released. The bad news was that per the department 151,000 jobs were added in the month with economists forecasting an increase of 180,000. The good news was that investors interpreted the […]
Equities and the Economy: It got a little scary yesterday after The Institute of Supply Management released its manufacturing index for August noting a fall from July’s 52.6 to 49.2 and most importantly, below 50 which is the demarcation between expansion and contraction. This was the first time in 6 months the index fell with […]
Equities and the Economy: The dog days of summer are in full swing with another lackluster day for U.S. equities. The Dow fell 23 points to 18,529, the S&P 500 lost a single point to 2,183 and the Nasdaq posted a gain of 6 to 5,245. All three indexes chopped around between positive and negative […]
Equities and the Economy: U.S. stocks closed mixed on Friday with the Dow closing down 37 at 18,576 and the S&P 500 falling 2 points to 2,184. Both of these indexes posted new record highs on Thursday. The Nasdaq hit a new high on Friday finishing 5 points up at 5,233. That’s all pretty good […]
Equities and the economy Yesterday was a nothing day for U.S. stocks with the major indexes closing in different directions. The Dow closed down 35 at 17,706, the S&P 500 eked out a gain of a couple points ending at 2,059 while the more Nasdaq being the best performer of the day closing up 14, […]
Equities and the economy U.S. stocks fared better than Houston yesterday with 20 inches of rain falling in the city in a 24 hour period forcing the city to shut down, which is why the Blog was not published yesterday. The Dow, which gained 107 points, 0.60%, closed for the first time over 18,000, at […]
Equities and the economy (Today’s Blog will be briefer than normal because I had an early morning meeting) Outstanding! That describes yesterday’s performance for U.S. stocks. The Dow raced higher by 187 points, 1.06%, ending at 17,908, the S&P 500 rose 21, 1.0%, to 2,082 and the Nasdaq added 75, 1.6%, finishing at 4,947. The […]
Equities and the economy U.S. equities skyrocketed yesterday, and you’ll never guess who you have to thank for it. Yes, that’s a “who” not a “what.” First the numbers. The Dow popped 165 points, 0.94%, finishing at 17,721, the S&P 500 rose 20 points, 0.97%, to 2,062 and the Nasdaq ended 0.80% higher, 39 points, […]
Equities and the economy A solid jobs report, encouraging data on manufacturing and dovish monetary policy pushed stocks markedly higher on Friday with the Dow closing up 108 points, 0.61%, at 17,793, the S&P 500 adding 13, 0.63%, to 2,073 and the Nasdaq finishing at 4,915, up 45 points, 0.92%. For the week the Dow, […]
