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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Yesterday was what I call “chatter” with the Dow falling 23 to 18,117, the S&P 500 literally closing flat to Friday at 2,110 and the Nasdaq adding 5 points to 4,691. Hurting the Dow index were oil stocks which fell in sync with lower oil prices. The Nasdaq rose […]
Equities and the Economy Good morning. The market needed some fundamental news to move and it got it Friday in the form of the announcement that the Greek government got a 4 month loan extension from the eurozone ministers (who’s kidding who? It’s really Germany for they have footed most of the bill!). The agreement […]
Equities and the Economy Good morning. In a light volume day the three bellwether indexes closed mixed. While the Dow and S&P 500 fell with the former losing 44 points to 17,986 and the latter down 2 points to 2,097, the tech-heavy Nasdaq bucked the trend gaining 18 points to 4,925. As is indicated by […]
Equities and the Economy Good morning. Equities slipped yesterday with the Dow closing down 17 points at 18,030, the S&P 500 falling 1 to 2,100 while the Nasdaq managing to eke out a gain of 7 to 4,906. All chatter. Now remember, the S&P is at record highs, the Dow is close to a record […]
Equities and the Economy Good morning. A very small gain yet yielding another record high for the S&P 500. Yesterday the bellwether index started out lower but eked out a 3 point rise closing at an even 2,100 putting it into new territory. The Dow rose 28 points closing at 18,048 and the Nasdaq added […]
Equities and the Economy Good morning. As I’m sure you know, yesterday the U.S. stock market was closed for President’s Day so we need to go back to Friday for the last price action. On that day stocks closed marginally higher with the Dow climbing 47 points to 18,019 and the S&P 500 rising 9 […]
Equities and the Economy Good morning. Here’s something I bet you wouldn’t expect me to tell you this morning. The S&P 500, which gained 20 points (0.94%) yesterday to 2,088, closed at its highest level this year. Now we’re not at its all-time high set on December 29th at 2,094, but we’re getting pretttttty darn […]
Equities and the Economy Good morning. It’s been a week since the last report so let’s step back just a little bit and see what’s transpired. A week ago the Dow, S&P 500 and Nasdaq ended at 17,666, 2,050 and 4,728, respectively. Yesterday they closed at 17,862, 2,069 and 4,801, respectively. So over the course […]
Equities and the Economy Boom! Did you hear the equity rocket take off yesterday setting off the sonic boom? A super, duper 305 point, 1.76% sonic boom! That’s what the Dow did yesterday closing at 17,666. Of course the two other major indexes also went into the stratosphere with the S&P 500 closing up a […]
Good morning. It was looking like it was going to be a bad day yesterday driven by a report from the Commerce Department stating consumer spending fell in December 0.3% which was worse than the 0.2% economists were forecasting. Additionally, November’s number was revised downward from a 0.6% increase to 0.5%. That’s a big swing […]
