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Europe: +44 (0) 207 198 1634 Equities and the Economy After three sessions of lower prices, including spanning the new year’s holiday, U.S. equities leveled off with an uneventful day yesterday. The Dow closed up 10 points at 17,159, the S&P rose 4 to 2,017 and the Nasdaq was the laggard falling 12 to 4,891. With respect to economic data yesterday, […]
Equities and the Economy It’s a new year and welcome back. Let’s take a quick look at where stocks ended last Thursday and for the year. Last Thursday, which was the last trading day of 2015 and which seems a year ago (pun intended), equities closed down with the Dow ending down 179 points, 1.02%, […]
Equities and the Economy There was no Blog on Friday but I mentioned Thursday morning that based upon Wednesday’s close that both short and long term support lines had been broken basis the S&P 500. I also mentioned that this alone was not enough to force a capitulation but investors’ fingers would be on the […]
Equities and the Economy U.S. equities limped lower yesterday with the Dow losing 163 points, 0.92%, to 17,568 and the S&P 500 dropping 13, 0.65%, to 2,064. The Nasdaq performed relatively well waffling around unchanged all day closing down a meaningless 4 points at 5,098. The Nasdaq hung in there because the biotechnology sector, which […]
Equities and the Economy As stated in my blog yesterday, Tuesday was a tough day on Wall Street. Yesterday was a bloodbath. U.S. stocks sold off with the Dow closing down 252 points, 1.42%, at 17,478, the S&P 500 fell 30, 1.42%, to 2,050 and the Nasdaq was the big loser closing down 1.66%, 85 […]
Equities and the Economy After a few lackluster sessions U.S. equities jumped nicely yesterday with the Dow gaining 168 points, 0.85%, ending at 17,888, the S&P 500, the winner for the day, climbed 23 points, 1.09%, to 2,103 and the Nasdaq added 47, 0.93%, to 5,156. The S&P closed above 2,100 for the first time […]
Equities and the Economy U.S. equities closed modestly lower yesterday with the Dow falling 79 points, 0.4%, to 17,720, the S&P 500 losing 10 points, 0.5%, and the Nasdaq closing down 19, 0.4%, at 5,209. The consumer discretionary sector, which includes companies like Macy’s, Kohl’s, Wal-Mart and Target, were the big losers on the day. […]
Equities and the Economy I hope everyone had a wonderful holiday. Let’s get to last Wednesday and Friday (yes, the market was open for an abbreviated session on Friday) and get it over with. The trading was light and nothing really happened. On Wednesday the Dow and S&P 500 ended virtually unchanged to Tuesday and […]
Equities and the Economy Good morning. After last week’s big gains U.S. equities began the week on a quiet note with the Dow closing down 31 points at 17,793, the S&P 500 falling 2 points to 2,087 and the Nasdaq slipping 2 to 5,102. Chatter. While M&A activity usually gives a boost to the equity […]
Equities and the Economy U.S. equities had their best week of the year last week pushing the indexes upward. The Dow gained 91 points, 0.51%, ending at 17,824, the S&P 500 added 8, 0.37%, to 2,089 and the Nasdaq rose 31 points, 0.62%, finishing at 5,105. For the week the S&P gained almost 3.3%, a […]
