US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634 Equities and the Economy: • Dow closes at record high. • Fed raises interest rates. As almost universally expected, the Fed raised the overnight lending interest rate (Fed funds rate) a ¼% yesterday marking its 3rd rise in 2017 to 1.5%. The increase was baked into the markets and the equity action was choppy yesterday. […]
Equities and the Economy: • More records. • U.S. wholesale inflation near 6 year high. The Dow and S&P 500 closed at record highs for a 4th consecutive session yesterday. The Dow posted a healthy gain of 119 points, 0.5%, finishing at 24,505 and the S&P rose 4 points, 0.2%, ending at 2,664. The rotation […]
Equities and the Economy: • More record highs. • Busy week for central banks. Investors shrugged off the news of a terrorism incident in New York City and took both the Dow and S&P 500 to new record highs yesterday. The Dow rose 57 points to 24,386 and the S&P gained 8 points to 2,660. […]
Equities and the Economy: • Dow and S&P close at record high. • November jobs report strong. U.S. stocks closed higher on Friday with the Dow logging a hefty 118 point gain to 24,329 and the S&P 500 adding 15 points to 2,652. Both are new record highs. The Nasdaq rose 27 points to 6,841 […]
Equities and the Economy: • Stocks close basically unchanged. • Bitcoin up 20% in 24 hours. After falling for three days yesterday U.S. stocks ended fairly flat to Tuesday. The Dow fell 40 points to 24,141, the S&P 500 closed flat at 2,629 and the Nasdaq gained 14 points to 6,776. The S&P 500 is […]
Equities and the Economy: • Dow closes at record. • Nasdaq has its worst day in 3 months. After closing at new record highs on Tuesday it was a bifurcated day yesterday for stocks. The 30 stock blue-chip Dow had a great day closing up 104 points, 0.4%, at yet another record high at 23,942 […]
Equities and the Economy: M & A activity drive equities higher. Volume light. U.S. stocks closed higher yesterday on the announcement that chipmaker Marvell Technology will buy rival Cavium. Possibly like myself, you’ve never heard of either company, but the importance here is that investors view mergers and acquisitions activity as bullish for equities because […]
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: • 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: • Stocks edge higher to post new records. • September FOMC meeting minutes less hawkish. All the main benchmarks closed at new record highs yesterday. The Dow rose 42 points to 22,873, the S&P 500 climbed 5 to 2,555 and the Nasdaq gained 16 finishing at 6,604. There really wasn’t anything […]
