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Europe: +44 (0) 207 198 1634 Equities and the Economy: • U.S. stocks have worst day in 2 months. • Corporate earnings disappoint. I have something new to report. Stocks fell yesterday. Lately we’ve been like very spoiled children for day after day the major U.S. stock indexes have risen, if not set new record highs. No markets go straight up […]
Tradition’s informative webinar explaining the basics of energy procurement and the 9 “best practices” that guarantee energy purchasing success, every time.
Equities and the Economy: • Dow sets yet another record high. • Corporate earnings driving market. Yesterday the Dow catapulted to a new record high closing up a big 168 points, 0.72%, at 23,442 driven by good earnings reports from a couple of its members. The blue-chip index posted its biggest daily percentage gain in […]
Equities and the Economy: • Stocks end 6 session win streak. • Markets bivouacking. U.S. stocks closed lower yesterday snapping their 6 session winning streak. The Dow fell 55 points to 23,274, the S&P 500 lost 10 points ending at 2,565 and the Nasdaq dropped 42 points to 6,587. Momentum was waning and profit taking […]
Equities and the Economy: • More record closing highs. • Corporate earnings and tax reform drivers. All three major U.S. stock indexes closed at record highs on Friday. The Dow rose 166 points, 0.71%, to 23,329, the S&P 500 gained, 13 points, 0.51%, to finish at 2,575 and the Nasdaq added 24 points, 0.36%, to […]
Equities and the Economy: • Dow and S&P 500 post another record high. • Weekly unemployment claims lowest in 44 years. U.S. equities overcame serious selling pressure early to close pretty much unchanged. The Dow, which was down more than 100 points at one point, clawed its way back to close up 5 points at […]
Several coal- and natural gas-fired power plants are shutting down in Texas within the next year. This is expected to drop ERCOT’s reserve margin below their target threshold, which board members are expecting will strengthen power prices in the coming years. Recently announced planned retirements of 4,500 MW of generation capacity in the Electric Reliability […]
Equities and the Economy: • Dow closes above 23,000 for first time! • Al three major indexes finish at record highs. Thanks to IBM the Dow closed over 23,000 for the first time ever. The blue-chip index posted a hefty 160 point gain, 0.7%, ending at 23,158 thanks to IBM who’s stock price popped a […]
Equities and the Economy: • Upbeat economic data. • Nasdaq sets record high. Positive economic data pushed stocks higher on Friday. The Labor Department reported that the consumer price index rose 0.5% in September and 2.2% on an annual basis. This is the biggest increase in 8 months as hurricanes Harvey and Irma boosted demand. […]
Equities and the Economy: • Stocks edge higher to post new records. • September FOMC meeting minutes less hawkish. All the main benchmarks closed at new record highs yesterday. The Dow rose 42 points to 22,873, the S&P 500 climbed 5 to 2,555 and the Nasdaq gained 16 finishing at 6,604. There really wasn’t anything […]
