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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Quiet day on Wall Street yesterday. • “Fear index” drops to lowest level in 24 years. It was a quiet day for U.S. stocks yesterday with the major indexes ending essentially unchanged. The Dow closed up 4 at 21,011, the S&P 500 closed flat to Monday at 2,399 and the […]
Equities and the Economy: • S&P 500 and Nasdaq end at record highs on Friday. • All three major indexes post weekly gains. U.S. stocks finished higher on Friday with the S&P 500 and Nasdaq closing at record highs. The former closed up 10 points at 2,399, its first record close since March 1st. The […]
Equities and the Economy: • Stocks post marginal gains. • Nasdaq posts 2nd consecutive record high. U.S. stocks eked out gains yesterday with the Dow closing 36 points higher at 20,950, the S&P 500 up 3 to 2,391 and the Nasdaq gaining 4 at 6,095, enough to close at a record high for a second […]
Equities and the Economy: • Lackluster trading on May Day. • Nasdaq posts yet another record high. With many markets around the globe closed for International Workers Day, aka May Day, trading was muted here in the U.S, at least for the Dow and S&P 500. The former dipped in and out of positive territory […]
Equities and the Economy: • U.S. stocks extend big rally for second consecutive day. • Nasdaq closes at second consecutive record high. The party continued for a second consecutive day yesterday with the Dow gaining 232 points, 1.1%, to 20,996, the S&P 500 closing up 14, 0.6%, at 2,389 and the Nasdaq rising 42 points, […]
Equities and the Economy: • Investors pile back into stocks after the French elections. • Nasdaq posts another record high. Relieved that centrist Emmanuel Macron garnered the most votes in round one of the French elections investors poured back into stocks sending both European and U.S. stocks soaring. France’s CAC 40 skyrocketed up 4.14% ending […]
Equities and the Economy: • Major stock indexes close lower on Thursday for 3rd consecutive session. • All three indexes post weekly losses. It was a lousy Thursday with the major equity indexes taking it on the chin in the holiday shortened week. The Dow lost 139 points, 0.7%, finishing at 20,453, the S&P 500 […]
Equities and the Economy: • Employment report for March shows smallest gain in new jobs in a year. • Stocks shrug off report posting marginal losses. Always a big report, the Labor Department released its Employment Situation Report for March on Friday with the headline being that U.S. employers added just 98,000 new jobs, the […]
Equities and the Economy: • Price action subdued yesterday. • Investors digesting Syrian attack. U.S. stocks ended little changed yesterday with the Dow posting a 15 point gain to 20,663, the S&P 500 closing 5 points higher at 2,357 and the Nasdaq rising 14 points to 5,879. Forget yesterday for as everyone reading my Blog […]
Equities and the Economy: • U.S. stocks suffer marginal loss yesterday. • Disappointing auto sales weigh. U.S. equities closed marginally lower yesterday under the weight of disappointing auto sales. The Dow lost 13 points ending at 20,650, the S&P 500 closed down 4 at 2,359 and the Nasdaq fell 17 points to 5,895. GM, Ford […]
