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Europe: +44 (0) 207 198 1634 Equities and the economy Yesterday was a repeat of Friday in that the major U.S. equity indexes began the day strong, up over 100 points, only to fade by the day’s end. The difference was that yesterday the indexes closed in the red while on Friday they managed to close in the green. When the […]
Equities and the economy U.S. stocks closed higher on Friday with the Dow finishing up 35 at 17,577, the S&P 500 rose 6 to 2,048 and the Nasdaq ended 2 higher at 4,851. Higher is always better than lower but I didn’t like the price action. Dow futures were trading over 130 points higher before […]
Equities and the economy No other way to put it. Yesterday was a lousy day for stocks. The Dow closed down 174 points, 0.98%, at 17,542, the S&P 500 lost 35, 1.2%, ending at 2,042 and the Nasdaq ended at 4,848, off 72 points, 1.47%. The S&P posted its biggest daily percentage loss in six […]
Equities and the economy After falling a couple of days global equities posted solid gains yesterday aided by a jump in oil prices. The Dow rose 113 points, 0.64%, to 17,716, the S&P 500 gained 22, 1.05%, ending at 2,067 and the Nasdaq added 77 points, 1.59%, finishing at 4,921. A very nice day. The […]
Equities and the economy It was not a good day for equities yesterday. Not just in the U.S. but globally. While the Dow fell 134 points, 0.75%, to 17,603 and the S&P dropped 21, 1.01%, to 2,045 and the Nasdaq declined 48, 0.98%, to 4,894., global stocks as measured by the bellwether MSCI All-Country World […]
Equities and the economy It was a sedate day on Wall Street yesterday with some profit taking after the recent rally which took the market to 2016 highs. The Dow closed down 56 points, 0.31%, at 17,737, the S&P 500 fell 7, 0.32%, to 2,066 and the Nasdaq was off 23, 0.45%, finishing at 4,892. […]
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 While U.S. stocks posted a lackluster day yesterday with the Dow closing 32 points lower at 17,658, the S&P 500 falling 4 to 2,060 and the Nasdaq eking out a gain of 1 to 4,870, equities performance since the beginning of 2016 has been really interesting. For example, the S&P 500 […]
Equities and the economy U.S. investors continued buying equities yesterday on Janet Yellen’s releasing of the doves (with respect to monetary policy) with the “promise” that the Fed is in no hurry to raise interest rates. The major U.S indexes marked a 3rd day of gains with the Dow closing up 84 points, 0.5%, at […]
Equities and the economy Jump’n Janet flash hit the gas, gas, gas! As I mentioned in yesterday’s blog, the big event of the day was Janet Yellen speaking before the Economics Club of New York and her message was clear: monetary expansion is on the table, which means raising interest rates is off, at least […]
