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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Dow closes at record high. • Fed raises interest rates. As almost universally expected, the Fed raised the overnight lending interest rate (Fed funds rate) a ¼% yesterday marking its 3rd rise in 2017 to 1.5%. The increase was baked into the markets and the equity action was choppy yesterday. […]
Equities and the Economy: • More records. • U.S. wholesale inflation near 6 year high. The Dow and S&P 500 closed at record highs for a 4th consecutive session yesterday. The Dow posted a healthy gain of 119 points, 0.5%, finishing at 24,505 and the S&P rose 4 points, 0.2%, ending at 2,664. The rotation […]
Equities and the Economy: • More record highs. • Busy week for central banks. Investors shrugged off the news of a terrorism incident in New York City and took both the Dow and S&P 500 to new record highs yesterday. The Dow rose 57 points to 24,386 and the S&P gained 8 points to 2,660. […]
Equities and the Economy: • Dow and S&P close at record high. • November jobs report strong. U.S. stocks closed higher on Friday with the Dow logging a hefty 118 point gain to 24,329 and the S&P 500 adding 15 points to 2,652. Both are new record highs. The Nasdaq rose 27 points to 6,841 […]
Equities and the Economy: • Stocks close basically unchanged. • Bitcoin up 20% in 24 hours. After falling for three days yesterday U.S. stocks ended fairly flat to Tuesday. The Dow fell 40 points to 24,141, the S&P 500 closed flat at 2,629 and the Nasdaq gained 14 points to 6,776. The S&P 500 is […]
Equities and the Economy: • Profit taking continues. • S&P falls for third consecutive session. The bulls continue to be frustrated with a lack of new buying. The S&P 500 fell for its third straight session closing down 7 points at 2,631 and the Dow lost 87 points to 24,201. That being said, the two […]
Equities and the Economy: • Dow closes at record high. • Portfolio rebalancing continues. In a very volatile day U.S. equities closed mixed. Yesterday morning the three major indexes were up big driven higher by the Senate’s passage of their version of the tax reform bill over the weekend with the Dow up over 200 […]
Equities and the Economy: • Stocks end slightly lower. • Rotation out of tech continues. U.S. equities ended lower on Friday on the news surrounding former national security advisor Michael Flynn pleading guilty to lying to the FBI adding an element of political uncertainty into the markets. On the day the Dow lost 41 points […]
Equities and the Economy: • Dow and S&P close at record high. • Dow closes above 24,000 for first time. It was a stellar day for stocks yesterday. The Dow skyrocketed gaining a whopping 332 points, 1.39%, closing above 24,000 for the first time at 24,272 and logging its largest single day gain since March. […]
Equities and the Economy: • Dow closes at record. • Nasdaq has its worst day in 3 months. After closing at new record highs on Tuesday it was a bifurcated day yesterday for stocks. The 30 stock blue-chip Dow had a great day closing up 104 points, 0.4%, at yet another record high at 23,942 […]
