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Europe: +44 (0) 207 198 1634 Equities and the Economy U.S. equities limped lower yesterday with the Dow losing 163 points, 0.92%, to 17,568 and the S&P 500 dropping 13, 0.65%, to 2,064. The Nasdaq performed relatively well waffling around unchanged all day closing down a meaningless 4 points at 5,098. The Nasdaq hung in there because the biotechnology sector, which […]
Equities and the Economy Investors had the weekend to digest Friday’s OPEC meeting results and came out yesterday pounding the energy sector. No, pounding is not the word. Annihilation is more appropriate. Yesterday we returned to the theme of oil prices driving equity prices, which we didn’t have last Thursday when the stocks fell. The […]
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 After a few lackluster sessions U.S. equities jumped nicely yesterday with the Dow gaining 168 points, 0.85%, ending at 17,888, the S&P 500, the winner for the day, climbed 23 points, 1.09%, to 2,103 and the Nasdaq added 47, 0.93%, to 5,156. The S&P closed above 2,100 for the first time […]
Equities and the Economy I hope everyone had a wonderful holiday. Let’s get to last Wednesday and Friday (yes, the market was open for an abbreviated session on Friday) and get it over with. The trading was light and nothing really happened. On Wednesday the Dow and S&P 500 ended virtually unchanged to Tuesday and […]
Equities and the Economy U.S. equities had their best week of the year last week pushing the indexes upward. The Dow gained 91 points, 0.51%, ending at 17,824, the S&P 500 added 8, 0.37%, to 2,089 and the Nasdaq rose 31 points, 0.62%, finishing at 5,105. For the week the S&P gained almost 3.3%, a […]
Equities and the Economy It was a very, very sedate day on Wall Street yesterday with not just the major indexes ending very close to their Wednesday closes but there was also very little volatility. Getting the numbers out of the way, the Dow closed down 4 at 17,733, the S&P 500 fell 3 to […]
Equities and the Economy Good morning. Call it a late year rally. Call it a holiday rally. Call it whatever you want. But call it good. Yesterday the Dow posted a super day rising a big 248 points, 1.42%, closing at 17,737, the S&P 500 rose 34 points, 1.64%, to 2.084 and the Nasdaq was […]
Equities and the Economy Good morning. Yesterday started out very shaky with all the indexes trading in the red at the open but closing with the best session in 3 weeks boosted by sizeable gains in energy and recovering about half its losses from last week. The Dow jumped a huge 238 points, 1.38%, to […]
Equities and the Economy Friday was not a good day for our 401K’s folks. The Dow lost a material 203 points, 1.16%, ending at 17,245, the S&P 500 fell 23, 1.12%, to 2,023 and the more volatile Nasdaq was the laggard closing down 1.54%, 77 points, at 4,928. The S&P marked a 7th loss out […]
