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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Choppy day on Wall Street. • Stocks eke out small gain. U.S. stocks ended a choppy session yesterday finishing virtually flat to Friday’s closes. Both the Dow and S&P 500 closed up a couple of points to 20,658 and 2,357, respectively, and the Nasdaq finished 3 points higher at 5,881. […]
Equities and the Economy: • Employment report for March shows smallest gain in new jobs in a year. • Stocks shrug off report posting marginal losses. Always a big report, the Labor Department released its Employment Situation Report for March on Friday with the headline being that U.S. employers added just 98,000 new jobs, the […]
Equities and the Economy: • Price action subdued yesterday. • Investors digesting Syrian attack. U.S. stocks ended little changed yesterday with the Dow posting a 15 point gain to 20,663, the S&P 500 closing 5 points higher at 2,357 and the Nasdaq rising 14 points to 5,879. Forget yesterday for as everyone reading my Blog […]
Equities and the Economy: • Day started good. Ended bad. • ADP data shows U.S. Labor market strong. Boy did it look like it was going to be a very good day. The ADP Research Institute reported yesterday the private sector added 263,000 jobs last month which was not only 70 thousand above the consensus […]
Equities and the Economy: • Trading muted. • Earnings need to verify current lofty stock prices. The action was muted yesterday with the Dow closing up 39 at 20,689, the S&P 500 adding a single point to 2,360 and the Nasdaq closing 4 points higher at 2,692. At the macro level there really hasn’t been […]
Equities and the Economy: • U.S. stocks suffer marginal loss yesterday. • Disappointing auto sales weigh. U.S. equities closed marginally lower yesterday under the weight of disappointing auto sales. The Dow lost 13 points ending at 20,650, the S&P 500 closed down 4 at 2,359 and the Nasdaq fell 17 points to 5,895. GM, Ford […]
An alternative to the controversial Northern Pass 1,090Mw transmission line in New England has been proposed. The new 1,200Mw transmission line would still bring cheap renewable hydroelectric power into New England from Quebec, but would use existing power lines to reduce the environmental impact of the transmission line. A new utility project from National Grid […]
Equities and the Economy: • Stocks post marginal losses on Friday. • Solid gains for Q1. The major U.S. stock indexes closed marginally lower on Friday with the Dow falling 65 points to 20,663, the S&P 500 off 5 to 2,363 and the Nasdaq losing 3 points to 5,912. Looking at it from a longer […]
Equities and the Economy: • U.S. stocks close higher on upwardly revised Q4 2016 GDP. • Nasdaq logs 21st record high. The Commerce Department reported revised Q4 2016 GDP data yesterday noting GPD for the quarter rose 2.1%, up from the previously reported 1.9%. The rise was due to increased consumer spending which rose 3.5% […]
Equities and the Economy: • Stocks end little changed. • Dow down 9 of last 10 sessions. Nasdaq closes up for 4th consecutive day. Muted price action was the order of the day yesterday. That being said, the Dow, which closed 42 points lower at 20,659, posted its 9th loss in 10 sessions. At the […]
