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Europe: +44 (0) 207 198 1634 Equities and the economy A solid jobs report, encouraging data on manufacturing and dovish monetary policy pushed stocks markedly higher on Friday with the Dow closing up 108 points, 0.61%, at 17,793, the S&P 500 adding 13, 0.63%, to 2,073 and the Nasdaq finishing at 4,915, up 45 points, 0.92%. For the week the Dow, […]
Equities and the economy U.S. stocks snapped a five week winning streak Thursday closing little changed. The good news was that the major indexes traded materially lower all day but recovered to end flat to Wednesday. The Dow rose 13 points to 17,516, the S&P 500 fell a point to 2,036 and the Nasdaq finished […]
Equities and the economy Want to see what the stock market is doing? Just look at oil. Oil closed down and so did stocks. The Dow fell 80 points, ½%, to 17,502, the S&P 500 was off 13, 0.6%, at 2,037 and the more volatile Nasdaq gave up 53 points, 1.10%, at 4,769. Yesterday’s price […]
Equities and the economy It was another choppy day on Wall Street, although the Dow did snap a seven day win streak closing down 41 points at 17,583. The S&P 500 dropped 2 to 2,049. All just flesh wounds (Monty Python’s Black Knight lives!) On the back of healthcare stocks the Nasdaq closed 13 points […]
Equities and the Economy Laissez Les Bon Temps Roulez! It’s official. The S&P 500 has joined the Dow in being positive for 2016 with the major indexes closing higher 5 consecutive seeks. A combination of improving conditions and the Fed’s dovish tone last week on monetary policy, i.e. interest rates, prompted investors to take on […]
Equities and the economy Unsurprising to me, yesterday was a quiet day for U.S. stocks with the Dow closing up 16 at 17,229, the S&P 500 slipping 3 to 2,020 and the Nasdaq inching up 2 points to finish at 4,750. By the way, that Dow close was a new high for the year. I […]
Equities and the Economy Friday was an exceptional day for U.S. equities with the S&P 500 breaking through another resistance level. The Dow rose a big 218 points, 1.3%, ending at 17,213, the S&P 500 rose 33 points, 1.6%, breaking through and closing above the resistance of 2,008 at 2,022 and the Nasdaq advanced 86 […]
Equities and the Economy The penultimate of the ECB meeting was a fairly quiet one for U.S. stocks with the oil/equity relationship remaining intact. Oil prices recovered and stock prices ended higher. The Dow closed up 36 points right at 17,000, the S&P 500 added 10 to 1,989 and the Nasdaq finished 26 points higher […]
Equities and the Economy U.S. stocks snapped their five day win streak closing lower dragged down by falling oil prices and concerns about a prolonged slowdown in the Chinese economy. The Dow fell 110 points, 0.64%, to 16,964, the S&P 500 dropped by 23, 1.12%, to 1,979 and the Nasdaq was off 59, 1.26%, to […]
Equities and the Economy It wasn’t much, but it was enough to sustain the rally for a 5th consecutive session, at least for the Dow and S&P 500. The Dow gained 67 points closing at 17,074 and the S&P added 2 to 2,002 (note that recently we’ve been bumping up at the 2,000 resistance level). […]
