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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks eke out gains. • Major indexes remain near record highs. It was a muted session yesterday with the three main U.S. equity benchmarks posting very marginal gains yesterday. The Dow rose 17 points to 23,440, the S&P 500 climbed 3 points to 2,585 and the Nasdaq advanced 7 to […]
Equities and the Economy: • Concerns on tax reform plans. • Profit taking. On concerns over the Senate’s tax plan, which delayed corporate tax cuts for a year, and with the strong performance of the equity markets in recent weeks, investors decided to take some profits on Friday. The Dow closed down 40 points at […]
Equities and the Economy: • Stocks snap 7 session win streak. • Investors disappointed by Senate tax plan. U.S. stocks have climbed relentlessly higher of late and investors have been looking for an excuse to take profits, and they got one yesterday when the Senate released its tax plan. Whereas the House’s tax proposal immediately […]
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: • All three major indexes close at record highs. • Apple drives the indexes. On the back of Apple, the world’s most valuable publically traded company, all three major U.S. indexes closed at record highs. The company posted a better than expected sales forecast for this holiday shopping season and reported […]
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: • Dow and S&P post intraday record highs. • Fed leaves interest rates unchanged. Yesterday the Dow and S&P 500 both hit intraday record highs but retreated closing mere points from record levels. The Dow added 58 points closing at 23,435 and the S&P climbed 4 points to finish at 2,579. […]
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 […]
