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Europe: +44 (0) 207 198 1634 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 […]
Stocks rallied on Friday fueling the Dow’s biggest monthly gain since February. The Dow gained 19 points on the last trading session of the month closing at 17,098 and capping a 3.2% rise in August. The S&P 500 rose 7 points to 2,003 posting a very nice 3.8% gain last month. It was exactly a […]
Good morning. Equities closed lower yesterday but, as the black knight said to King Arthur, “Tis but a scratch!” The Dow fell 42 points to 17,080, the S&P 500 lost 3 to 1,997 and the Nasdaq dropped 12 to 4,557. If one must rationalize these losses blame it on the escalation of the conflict in […]
Good morning. Equities drifted on either side of unchanged all day yesterday but the S&P 500 did manage to eke out its third record close in three days by the barest of margins, 1/10th of one point. Being I round the equity indexes to the unit figure the result was that yesterday’s close was the […]
