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Europe: +44 (0) 207 198 1634 Equities and the Economy: Whoo-hoo! And I’m not talking about Michael Phelps getting another gold metal, which is spectacular, I’m talking about Friday’s equities price action which put the S&P 500 and Nasdaq at record highs! On the heels of a very strong Labor Department employment report for July on Friday showing the U.S. added […]
For the first time since 2006, the US as a whole consumed more natural gas than it produced during the summer months. However, despite the withdrawal and continued below-average injections, natural gas in storage is still well above the 5 year average. Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report, and IHS PointLogic, […]
Equities and the Economy: Yesterday U.S. stocks ended pretty much flat to Wednesday’s close with investors awaiting today’s Labor Department U.S. Employment Situation Report. The Dow ended down 2 points at 18,352, the S&P 500 closed flat to Wednesday at 2,164 and the Nasdaq added 7 to 5,166. Yawn. Turning to the economic news, the […]
Equities and the Economy: The Dow ended its losing streak yesterday by climbing 41 points and closing at 18,355. Even though the losing streak was 7 consecutive sessions, the retreat equated to only 1.4% so the damage was minimal. A “flesh wound” by the Black Knight’s standards. The S&P 500 chalked up a gain of […]
Equities and the Economy: It was a bad day for the bulls yesterday with the Dow and S&P 500 having their worst day in a month. The Dow lost 91 points, 0.5%, finishing at 18,324, the S&P fell 14, 0.6%, ending at 2,157 and the Nasdaq dropped 47 points, 0.9%, to 5,138. The Dow has […]
Equities and the Economy Maybe it’s the dog days of summer, but U.S. equities have really been sedate of late, albeit the major indexes are indeed bivouacking near record highs. The S&P 500 did manage to hit a new high intraday but could not hold onto the gain and closed down 3 points at 2,171. […]
Equities and the Economy: The S&P 500 barely missed a record closing high Friday and the Nasdaq booked its best finish in more than a year as Wall Street shook off a horrible Q2 GDP number. The S&P closed up 4 points on Friday at 2,174, just 1 point shy of the previous Friday’s all-time […]
Equities and the Economy: Yesterday was yet another soggy day for U.S. equities with the Dow falling for the 4th consecutive session closing down 16 points at 18,456, the S&P 500 up 3 to 2,170 and the Nasdaq finishing 15 points higher at 5,155. After posting a sharp rally in June and early July the […]
Equities and the Economy: It was, as Yogi Berra said, “déjà vu all over again” on Wall Street yesterday with the Dow and S&P 500 pretty much closing flat to Tuesday’s closing numbers and the Nasdaq rising. The Dow lost 2 points to 18,472 and the S&P fell 3 points to 2,167. Total chatter. The […]
Although many of the 19 proposed Northeast pipelines will not be built, the added natural gas production and consumption would increase greenhouse gas emissions, exactly what the US is attempting to limit. A service truck drives past an oil well in North Dakota, November 2014. The United States will miss its emission-reduction targets under the […]
