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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks post marginal losses on Friday. • Solid gains for Q1. The major U.S. stock indexes closed marginally lower on Friday with the Dow falling 65 points to 20,663, the S&P 500 off 5 to 2,363 and the Nasdaq losing 3 points to 5,912. Looking at it from a longer […]
Equities and the Economy: • U.S. stocks close higher on upwardly revised Q4 2016 GDP. • Nasdaq logs 21st record high. The Commerce Department reported revised Q4 2016 GDP data yesterday noting GPD for the quarter rose 2.1%, up from the previously reported 1.9%. The rise was due to increased consumer spending which rose 3.5% […]
Equities and the Economy: • Dow closes lower for 8th straight day. • Yesterday could have been a lot worse. Yesterday the Dow fell 46 points, 0.2%, to 20,551 marking its 8th consecutive day of losses not seen since way back in August 2011. But it could have been much, much worse for at one […]
Equities and the Economy: • Mixed and muted session with below average volume. • All eyes on the House. It was a quiet day on Wall Street yesterday with the major indexes closing basically flat to Wednesday on below average volume. The Dow lost 5 points to 20,657, the S&P 500 fell 2 to 2,346 […]
Equities and the Economy: • Major indexes closed little changed. • Dow posts 5th consecutive losing session. After falling more than 1% on Tuesday, the first time that’s happened in 109 days, U.S. equities closed little changed from the day prior. However, the Dow did post its 5th consecutive loss closing down 7 points at […]
Equities and the Economy: • U.S. equities have their worst day in 2017. • Break history setting run without 1% loss. It was bound to happen. Just when I write a paragraph on how the market has gone forever without a 1% we get one. Yesterday U.S. stocks logged their worst day in 2017 with […]
Equities and the Economy: • Bivouacking continues. • Nasdaq sets intraday record high. Without any significant economic news U.S. equities have been consolidating the last few sessions. Yesterday the Nasdaq managed to post a new intraday high but pulled back in the afternoon and closed up a point from Friday at 5,902. The Dow and […]
Equities and the Economy: • Another muted day on Friday. • Major indexes post marginal gains for the week. The U.S. equities market treaded water the last two days of last week. On Friday the Dow fell 20 points to 20,915, the S&P 500 lost 3 ending at 2,378 and the Nasdaq closed flat to […]
Equities and the Economy: • Stocks consolidating. • S&P still up 6.3% for the year. A day after the Fed announced a ¼% rate hike and U.S. equities jumping, stocks treaded water yesterday with the Dow closing down 16 at 20,935 and the S&P 500 off 4 to 2,381. The Nasdaq managed to post a […]
Equities and the Economy: Fed raises interest rates as widely expected. Fed guidance dovish. For the third time since the financial crisis began, the second time in three months and the first time this year, the Fed raised interest rates. Yesterday increase was a widely expected ¼% taking the benchmark overnight interest rate to a […]
