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Europe: +44 (0) 207 198 1634 Equities and the Economy. Good morning. [expletive!] Right after I’m feeling we dodged a bullet with Thursday’s rally which followed a bludgeoning from earlier in the week U.S equities get absolutely destroyed on Friday. The Dow lost 146 points (0.82%) to 17,749, the S&P 500 fell 13 (0.61%) to 2,053 and the Nasdaq lost “only” […]
Equities and the Economy Good morning. After the biggest sell off in two months amid a surging dollar U.S. stocks stabilized yesterday albeit at marginally lower levels with the Dow closing down 28 at 17,635, the S&P 500 off 4 to 2.040 and the Nasdaq losing 10 to 4,850. Most of the day the indexes […]
Equities and the Economy Good morning. U.S. stocks bounced back from a really lousy Friday with the Dow gaining 139 points to 17,996, the S&P 500 adding 8 points to 2,079 and the Nasdaq closing up 15 at 4,942. Unfortunately these gains were less than half of Friday’s losses. There was no fundamental economic data […]
Equities and the Economy Good morning. I’ve been gone three days and stocks have pulled back a bit from their record highs on Monday. On that day the Dow closed at 18,289 and yesterday it ended at 18,136 so with simple math you can see we lost 153 points or 0.8%. The S&P 500 went […]
Equities and the Economy Good morning. Yet another quiet day for U.S. stocks ending in mixed results. The Dow lost 10 points to 18,214 and the S&P 500 closed down 3 at 2,111. The Nasdaq bucked the trend gaining 21 points to 4,988. Those of you with higher math skills will note the Nasdaq is […]
Equities and the Economy Good morning. Yesterday U.S. equities ended the way they started, sedate. The Dow closed up 16 points at 18,225 and both the S&P 500 and Nasdaq lost a point ending at 2,114 and 4,967, respectively. You can’t get much less price movement. I must add though that the Dow’s small gain […]
Equities and the Economy Good morning. The market needed some fundamental news to move and it got it Friday in the form of the announcement that the Greek government got a 4 month loan extension from the eurozone ministers (who’s kidding who? It’s really Germany for they have footed most of the bill!). The agreement […]
Equities and the Economy Good morning. Equities slipped yesterday with the Dow closing down 17 points at 18,030, the S&P 500 falling 1 to 2,100 while the Nasdaq managing to eke out a gain of 7 to 4,906. All chatter. Now remember, the S&P is at record highs, the Dow is close to a record […]
Equities and the Economy Good morning. A very small gain yet yielding another record high for the S&P 500. Yesterday the bellwether index started out lower but eked out a 3 point rise closing at an even 2,100 putting it into new territory. The Dow rose 28 points closing at 18,048 and the Nasdaq added […]
Equities and the Economy Good morning. As I’m sure you know, yesterday the U.S. stock market was closed for President’s Day so we need to go back to Friday for the last price action. On that day stocks closed marginally higher with the Dow climbing 47 points to 18,019 and the S&P 500 rising 9 […]
