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Europe: +44 (0) 207 198 1634 Good morning. Yesterday was bifurcated. If you were AT&T or ExxonMobil or other members of the Dow you did ok with the Dow (which is 30 stocks) closing up 44 points at 17,031. If you owned the S&P 500 index you yawned with it closing down 1 at 1,984. But if you owned the Nasdaq […]
Good morning. Stocks closed lower on Friday with the Dow falling 61 and below 17,000 to 16,982, the S7P 500 off 12 to 1,986 and the Nasdaq closing at 4,568, down 24. This is the first week the major indexes have closed down (S&P down 1.2%) after 5 weeks of gains. Let’s not forget though […]
Good morning. U.S equities closed little changed from Wednesday yesterday with the Dow ending down 20 points at 17,049, the S&P 500 gained 2 to 1,997 and the Nasdaq up 5 to 4,592. And you should be very happy because for most of the day all the indexes were seriously bleeding with the Dow at […]
Good morning. After a couple of lousy days we got a nice bounce yesterday with the Dow closing up 55 points at 17,068, the S&P 500 rising 7 to 1,996 (still below 2,000) and the Nasdaq climbing 34 to 4,587. Stepping back though and looking at the forest and not the trees, the market has […]
Good morning. A second straight lousy day for our 401K’s. The Dow lost 98 points, its biggest one day drop in a month, to 17,014, the S&P 500 fell 13 and back below 2,000 to 1,988 and the Nasdaq really got whacked closing down 40 points, 0.9%, to 4,552. Investors had little economic news to […]
Good morning. Equities have been chopping around lately. On Friday they rose and yesterday they fell. The Dow ended down 26 at 17,111, the S&P 500 lost 6 to 2,002 and the Nasdaq ended off 9 at 4,492. Chatter. With the recent drop in oil prices energy equities have been getting whacked with the energy […]
Good morning. The S&P 500 rose to 10 points to 2,007 on Friday to a new record as investors shrugged off a weak August jobs report. The Dow gained 68 to 17,137, just shy of its July 16th record, and the Nasdaq climbed 21 to 4,583. Refreshing your memory, Friday morning the Labor Department released […]
Good morning. Equities started the day nicely higher after Mario Draghi of the ECB announced the central bank was cutting its benchmark interest rate to a record low, from 0.15% to 0.05% (seriously? A 0.1% drop ain’t going to help or hurt my portfolio) and planned to purchase asset-backed securities (now THAT will have an […]
Good morning. Stocks ended mostly down yesterday with the Dow rising 11 points ending at 17,078, the S&P 500 falling 2 to 2,001 and the Nasdaq getting hit 26 points settling at 4,573. While the former two indexes waffled on either side of unchanged the Nasdaq got whacked 0.56% dragged down by Apple which fell […]
Good morning. We came in from a holiday weekend yesterday and were greeted with some really good economic data. The Institute of Supply Management reported that its Manufacturing Index rose from 57.1 in July to 59.0 in August which is the highest level since March 2011. Additionally, the actual number came in much better than […]
