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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks slip on healthcare vote delay. • Google gets hit with record fine. U.S. stocks closed lower yesterday with the Dow falling 99 points, 0.5%, to 21,311, the S&P 500 sliding 20, 0.8%, to 2,419 and the Nasdaq getting whacked closing down a big 101 points, 1.6%, at 6,147. Here […]
Equities and the Economy: • Chop continues. • Investors hedging their equity bets. Although the Dow posted a gain after 4 days of losses of 15 points to 21,410 and the S&P 500 closed a point higher at 2,439, equities over the last month have really done very little. For the record, the Nasdaq yesterday […]
Equities and the Economy: • Nasdaq back to its winning ways. • Housing market still on fire. The Dow and S&P 500 ended little changed on Friday with the former slipping 3 points to 21,385 and the latter rising 4 points to end at 2,438. The Nasdaq, which had a flash crash earlier this month, […]
Equities and the Economy: • U.S. stocks end mixed. • Labor market tight. It was a lackluster day yesterday with U.S stocks ending mixed. The Dow slipped 13 points to 21,397, the S&P 500 ended off a single digit at 2,435 while the Nasdaq bucked the trend closing up 3 points at 6,237. All chatter. […]
Equities and the Economy: • Not much movement in a week. • Housing market hot. I’ve been in Washington D.C. for a week with my two teenage daughters and while still monitoring the markets, my last Morning Energy Blog was June 14th, which discussed the markets on June 13th, so let’s see how things have […]
A perfect storm is brewing in New England and California The Aliso Canyon natural gas leak, unexpected lower generation capacity, and warmer than anticipated weather could threaten reliability and strain electricity grids. One way to avoid high prices resulting from the increased demand is to sign up for Tradition Energy’s Coincident Peak Alert Notifications. Natural […]
Equities and the Economy: • Dow and S&P set record highs. • FOMC meeting concludes today. After two days of capitulation technology shares rebounded pushing the Dow and S&P 500 to new record highs. The Dow gained 93 points to close at 21,328 and the S&P rose 11 points to 2,440. While the Nasdaq didn’t […]
Equities and the Economy: • Tech rout continued. • Dow snaps 3 day gain. All three major U.S. indexes closed lower yesterday weighed down by a second straight session of firm losses in technology shares. The Nasdaq once again posted the largest losses closing down 32 points, 0.5%, at 6,175 suffering its worst two session […]
Equities and the Economy: • Tech stocks get destroyed. • Overall market remains healthy. On Friday it was as if Isaac Newton discovered gravity with the Apple falling, and falling hard. The “fruit company” [Forrest Gump] stock dropped a huge 3.9% on Friday amidst a rout in technology stocks. The Nasdaq, which intraday posted a […]
Equities and the Economy: • Investors digesting major news events from yesterday. • Nasdaq finishes at record high. Investors are digesting the trifecta of news events that occurred yesterday. The first event was the conclusion of the ECB’s meeting. The central bank made no changes to their current accommodative monetary stimulus program but changed the […]
