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Europe: +44 (0) 207 198 1634 Equities and the economy U.S. investors continued buying equities yesterday on Janet Yellen’s releasing of the doves (with respect to monetary policy) with the “promise” that the Fed is in no hurry to raise interest rates. The major U.S indexes marked a 3rd day of gains with the Dow closing up 84 points, 0.5%, at […]
Equities and the economy Jump’n Janet flash hit the gas, gas, gas! As I mentioned in yesterday’s blog, the big event of the day was Janet Yellen speaking before the Economics Club of New York and her message was clear: monetary expansion is on the table, which means raising interest rates is off, at least […]
Equities and the economy As I expected, with the European markets closed it was a quiet day on Wall Street yesterday. The Dow closed up 20 at 17,535, the S&P 500 rose a single digit to 2,037 while the Nasdaq fell 7 finishing at 4,767. Yesterday about 5.1 billion shared changed hands on U.S. exchanges, […]
Equities and the economy U.S. stocks snapped a five week winning streak Thursday closing little changed. The good news was that the major indexes traded materially lower all day but recovered to end flat to Wednesday. The Dow rose 13 points to 17,516, the S&P 500 fell a point to 2,036 and the Nasdaq finished […]
Equities and the economy Want to see what the stock market is doing? Just look at oil. Oil closed down and so did stocks. The Dow fell 80 points, ½%, to 17,502, the S&P 500 was off 13, 0.6%, at 2,037 and the more volatile Nasdaq gave up 53 points, 1.10%, at 4,769. Yesterday’s price […]
Equities and the economy It was another choppy day on Wall Street, although the Dow did snap a seven day win streak closing down 41 points at 17,583. The S&P 500 dropped 2 to 2,049. All just flesh wounds (Monty Python’s Black Knight lives!) On the back of healthcare stocks the Nasdaq closed 13 points […]
Equities and the economy Yesterday was a fairly quiet albeit choppy day with the major indexes eking out marginal gains. The Dow closed up 22 at 17,624, the S&P 500 added 2 to 2,052 and the Nasdaq closed at 4,809, up 13. But always up is better than down even if it is marginal and […]
Equities and the Economy Laissez Les Bon Temps Roulez! It’s official. The S&P 500 has joined the Dow in being positive for 2016 with the major indexes closing higher 5 consecutive seeks. A combination of improving conditions and the Fed’s dovish tone last week on monetary policy, i.e. interest rates, prompted investors to take on […]
Equities and the economy We’re back! As of yesterday’s closes the Dow is now positive for the year and the S&P 500 is just barely below it. The Nasdaq still has a ways to go being bogged down this year by biotech stocks. The Dow had a healthy gain of 156 points, 0.9%, finishing at […]
New York State has pledged to be a leader in renewable energy. Developing this 127 square mile wind farm would be a huge step towards achieving that goal. Construction of a wind farm off Block Island, R.I., began in July, with a barge carrying pieces of foundation that were to be sunk and stabilized in […]
