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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Dow closes at record high. • May be seeing some profit taking. Although the S&P 500 and Nasdaq closed lower, down 2 at 2,475 and down 41 to 6,382, respectively, the Dow managed to post a new record high gaining 86 points closing at 21,797. The latter was driven higher […]
Equities and the Economy: • Fed leaves interest rates unchanged. • Equities march higher. Stock prices continued their seemingly inexorable march higher yesterday. While the gains weren’t huge they were enough to set record highs for the three major indexes. The Dow rose 98 points, 0.5%, to close at 21,711, the S&P 500 eked out […]
Equities and the Economy: • New record highs across the board. • Corporate earnings continue to look good. The board was painted green yesterday with all the major indexes closing at new record highs. The Dow gained 100 points, 0.5%, finishing at 21,613, the S&P 500 tacked up 7 points, 0.3%, ending at 2,481 and […]
Equities and the Economy: • U.S. stocks end mixed. • Nasdaq hits another record high. It was a relatively quiet day yesterday with mixed price action. The Dow fell 67 points to 21,513 and the S&P lost 3 points to end at 2,470. Meanwhile the Nasdaq posted a 23 point gain finishing at 6,411, is 41st record […]
Equities and the Economy: • Earnings driving equities. • Nasdaq snaps 10 session win streak. After hitting new record highs earlier in the week, on Friday the major indexes closed marginally lower with the Dow off 34 points to 21,580, the S&P 500 sliding a single point to 2,473 and the Nasdaq ending a 10 […]
Equities and the Economy: • Stocks end little changed. • Nasdaq squeaks out another record close. After numerous indices posted record highs on Wednesday stocks bivouacked yesterday closing little changed. That being said, the Nasdaq’s small gain of 5 points was enough to push it to a new record close at 6,390, the 10th consecutive […]
Equities and the Economy: • Multiple major U.S. indexes hit yet another record high. • Corporate earnings the driver. Better than expected corporate earnings from Morgan Stanley brought out the buyers yesterday who pushed numerous U.S. indices to new record highs including the Dow, S&P 500 and Nasdaq. The Dow climbed 66 points to 21,641, […]
Equities and the Economy: • S&P 500 and Nasdaq close at record highs. • Trading volume very low. U.S. stocks shrugged off concerns of the failure of Senate Republicans to push through a healthcare bill with both the S&P 500 and Nasdaq posting new record highs. The former did so barely edging up a single […]
Equities and the Economy: • Stocks end little changed. • Nasdaq logs 7th straight higher session. U.S. stocks ended little changed yesterday although the Nasdaq, by gaining a mere 2 points, did post its 7th consecutive higher session closing at 6,314, just shy of its record close of 6,322 set on June 8th. The Dow […]
Equities and the Economy: • U.S. equities hit record highs. • Weaker economic data suggest slower interest rate hikes. The last Morning Energy Blog was last Monday discussing the previous Friday’s market action and I can tell you it was a good week. The Dow and S&P 500 closed at record highs on Friday and […]
