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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks post marginal gains. • Nasdaq posts 2nd consecutive record high. U.S. stocks eked out gains yesterday with the Dow closing 36 points higher at 20,950, the S&P 500 up 3 to 2,391 and the Nasdaq gaining 4 at 6,095, enough to close at a record high for a second […]
On January 31, 2017 the Federal Energy Regulatory Commission (FERC) issued an order accepting PJM’s compliance filing that noted an underfunding in the PJM Financial Transmission Rights (FTR). The funding mechanism will be addressed by allocating balancing congestion charges to real-time load. As a result of FERC’s acceptance of the filing, all Load Serving Entities […]
Equities and the Economy: • Lackluster trading on May Day. • Nasdaq posts yet another record high. With many markets around the globe closed for International Workers Day, aka May Day, trading was muted here in the U.S, at least for the Dow and S&P 500. The former dipped in and out of positive territory […]
Equities and the Economy: • U.S. equities close lower on Friday. • Dow logs best week of 2017. U.S. stocks finished lower on Friday with the Dow falling 41 points closing at 20,941, the S&P 500 slipped 5 points to 2,384 and the Nasdaq finished basically flat to Thursday off a point at 6,048. However, […]
Equities and the Economy: • A second quiet day on Wall Street. • Nasdaq posts another record high. It was a tepid day for U.S. equities yesterday but the Nasdaq outperformed closing up 24 points, 0.4%, at a new record high of 6,049. The technology-heavy index has been on a tear! It’s up a huge […]
Equities and the Economy: • After two big days stocks pause. • Trump Administration rolls out tax reform plan. After two outstanding days U.S. equities took a breather yesterday ending little changed to Tuesday. The Dow fell 21 points to 20,975 and the S&P 500 closed down 1 point at 2,387. Intraday the Nasdaq hit […]
Equities and the Economy: • U.S. stocks extend big rally for second consecutive day. • Nasdaq closes at second consecutive record high. The party continued for a second consecutive day yesterday with the Dow gaining 232 points, 1.1%, to 20,996, the S&P 500 closing up 14, 0.6%, at 2,389 and the Nasdaq rising 42 points, […]
Equities and the Economy: • Investors pile back into stocks after the French elections. • Nasdaq posts another record high. Relieved that centrist Emmanuel Macron garnered the most votes in round one of the French elections investors poured back into stocks sending both European and U.S. stocks soaring. France’s CAC 40 skyrocketed up 4.14% ending […]
Record storage levels in October 2016 and a relatively normal winter has left US natural gas storage levels above the 5-year average. Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or […]
Equities and the Economy: • U.S. stocks closed lower on Friday but up for the week. • First round of French elections over and it’s “risk on” today. The major U.S. indexes closed lower on Friday with the Dow falling 31 points to 20,548, the S&P 500 off 7 points to 2,349 and the Nasdaq […]
