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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks close lower snapping 3 day winning streak. • Losses a flesh wound. U.S. equities closed marginally lower yesterday with the Dow off 19 points ending at 20,052, the S&P 500 shedding 5 points to 2,293 and the Nasdaq closing at 5,663, down 3. Per the Black Knight, “a flesh […]
Equities and the Economy: • Friday was the Dow’s best day of the year. • For the week major indexes unchanged. U.S. equities had a great day on Friday with the Dow rallying 176 points, 0.9%, and back over 20,000 ending at 20,061. The S&P 500 closed 16 points higher, 0.7%, at 2,297 and the […]
Equities and the Economy: • Headlines, not earnings data, dominating. • Employment Report for January just released. The U.S. indexes continued the chop that’s been prevailing this week. The Dow shed 38 points ending at 19.853, the S&P 500 slipped 3 to 2,276 and the Nasdaq lost 14 to 5,627. It’s earnings season and earnings […]
Equities and the Economy: • After two down days stocks bounce back marginally. • FOMC leaves interest rates unchanged. U.S. equities bounced back marginally yesterday with the Dow closing up 27 at 19,891 which was disappointing because the index was up more than a 100 points intraday. The S&P 500 added only a point ending […]
Equities and the Economy: • S&P 500 closes lower for 4th consecutive session. • For the month of January, all three major bourses post gains. It was a mixed bag for U.S. equities yesterday with the Dow getting smacked closing down 107 points, a half percent, at 19,864, the S&P 500 ending down 2 at […]
Equities and the Economy: • Stocks log worst day since mid-October. • Blame Trump’s immigration executive order. Yesterday the Dow fell 123 points, 0.61%, dropping below 20,000 to end at 19,971, the S&P 500 lost 14 points, 0.60%, finishing at 2,281 and the Nasdaq lost 47, 0.83%, to 5,614. All three indexes posted their worst […]
Continuing with the trend of rising reliance on natural gas for electricity generation, the US is expected to add over 11GW of natural gas generating capacity in the next two years. Source: U.S. Energy Information Administration, Electric Power Annual and Preliminary Monthly Electric Generator Inventory The electricity industry is planning to increase natural gas-fired generating […]
Equities and the Economy: • Q4 2016 GDP disappoints. • U.S. equities close the week mixed. The Commerce Department reported on Friday that 4th quarter 2016 GDP grew at an annualized rate of 1.9% which was disappointing for economists were looking for something closed to 2.2%. This was after Q3 2016 GDP rose at a […]
Equities and the Economy: • Dow posts a second consecutive record high. • S&P 500 and Nasdaq close unchanged. It was a small gain but enough for the Dow to close at a record high for a second consecutive day rising 32 points to 20,101. After closing at record highs Tuesday and Wednesday the S&P […]
Equities and the Economy: • Dow breaches 20,000. • All three major indexes set new highs. U.S. equities closed at all-time highs yesterday with the Dow, after meandering for a month and a half just below 20,000, breaking through that level. 20,000 really doesn’t mean anything technically (not significant number to technicians) but it is […]
