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Europe: +44 (0) 207 198 1634 Equities and the Economy Yesterday the markets were closed so let’s review the last trading day, which was Friday. I’ll make this like ripping off the Band-Aid, quick and painful. The Dow fell 391 points, 2.39%, ending under 16,000 at 15,988 (we were over 18,000 last July), the S&P 500 lost 42 points, 2.18%, ending […]
Equities and the Economy FINALLY. A good day! And a big day! The Dow closed up 228 points, 1.41%, to 16,379, the S&P 500 added 32 points, 1.67%, ending at 1,922 and the Nasdaq rose 89 points, 1.97%, to 4,615. As good as it was, and up is way better than down, the Dow captured […]
Equities and the Economy Boy, that reprieve was short lived. Yesterday U.S. stocks ran up sharp losses with the Dow falling 365 points, 2.21%, to 16,151, the S&P 500 lost 48, 2.50%, ending at 1,890 and the Nasdaq got unadulteratedly destroyed losing a whopping 3.41%, 160 points, to 4,526. The S&P closed below 1,900 for […]
Equities and the Economy It began ugly and ended ugly. I’m talking about U.S. equities. At about this time yesterday Dow futures were down 274 points and although prices did recover a tad intraday the day still ended lousy. The Dow lost 252 points, 1.47%, closing at 16,907 and below 17,000 for the first time […]
Equities and the Economy No sense sugar coating it. 2016 began abysmally. It was the worst first trading day of the year in 15 year. The Dow lost 276 points, 1.58%, finishing at 17,149, the S&P 500 fell 31, 1.51%, to 2,103 and the Nasdaq closed 104 points lower, 2.09%, and once again under 5,000 […]
Equities and the Economy The rally is in full force however yesterday it wasn’t Santa Clause who brought the present, but it is someone with white hair: Janet Yellen. And the present was the strangest form, an interest rate hike. So how can this be?! Especially when the Fed said the hike was a tentative […]
Equities and the Economy U.S. stocks rallied sharply yesterday marking a second day of gains with the Dow jumping 157 points, 0.90%, to 17,525, the S&P 500 adding 21, 1.04%, to 2,043 and the Nasdaq climbing 43, 0.86%, to 4,995 (still under that 5,000 level). Some folks are stating because oil prices rose, and WTI […]
Equities and the Economy U.S. equities began the day flat to down but ended on a nice bounce. The Dow closed 104 points higher, 0.6%, at 17,369, the S&P 500 added 10, .048%, to 2,022 and the Nasdaq gained 19, 0.38%, at 4,952. The intraday price action was good being we bounced back from being […]
Equities and the Economy Schizophrenic. That’s the only way to describe the action in the U.S. equity markets. On Thursday we had the worst day in 3 months with the Dow losing 252 points, 1.42%, and on Friday we have the best day in 3 months with the Dow posting a gain of a whopping […]
Equities and the Economy It was a tough day on Wall Street yesterday with the Dow falling 158 points, 0.89%, closing at 17,730, the S&P 500 down 23, 1.08%, to 2,080 and the Nasdaq fell 33, 0.65%, finishing at 5,123. You can blame the energy sector for dragging the indexes lower, specifically oil prices which […]
