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Europe: +44 (0) 207 198 1634 Equities and the Economy: • U.S. equities notch 4th consecutive record close. • Fed chairperson Yellen signals higher interest rates are coming. The three major U.S. stock indexes all posted record highs for the 4th consecutive day yesterday with the Dow closing up 92 points, 0.5%, at 20,504, the S&P 500 finishing 9 points higher, […]
Equities and the Economy: • Major indexes close at record high for third consecutive session. • S&P 500 reaches market cap of $20 trillion for first time ever. U.S. stocks extended gains yesterday with the three major indexes closing at record highs for the third consecutive session with financial and industrial stocks leading the way. […]
Equities and the Economy: • Both U.S. and global equities continue to advance. • Trumponomics driving the market. All three major U.S. bourses closed higher on Friday. The Dow added 97 points, 0.48%, to 20,269 (note that’s solidly above 20,000), the S&P 500 finished 8 points up, 0.36%, at 2,316, a new record high, […]
Utilities in Ohio are working on legislation that would cut back on electricity deregulation in the state in order to help fund power plants that are struggling to stay open with the low-price environment for electricity. The utilities are looking for subsidies similar to ones in other states, but opponents say that the subsidies would […]
Equities and the Economy: • Stocks close lower snapping 3 day winning streak. • Losses a flesh wound. U.S. equities closed marginally lower yesterday with the Dow off 19 points ending at 20,052, the S&P 500 shedding 5 points to 2,293 and the Nasdaq closing at 5,663, down 3. Per the Black Knight, “a flesh […]
Equities and the Economy: • Friday was the Dow’s best day of the year. • For the week major indexes unchanged. U.S. equities had a great day on Friday with the Dow rallying 176 points, 0.9%, and back over 20,000 ending at 20,061. The S&P 500 closed 16 points higher, 0.7%, at 2,297 and the […]
Equities and the Economy: • Headlines, not earnings data, dominating. • Employment Report for January just released. The U.S. indexes continued the chop that’s been prevailing this week. The Dow shed 38 points ending at 19.853, the S&P 500 slipped 3 to 2,276 and the Nasdaq lost 14 to 5,627. It’s earnings season and earnings […]
Equities and the Economy: • After two down days stocks bounce back marginally. • FOMC leaves interest rates unchanged. U.S. equities bounced back marginally yesterday with the Dow closing up 27 at 19,891 which was disappointing because the index was up more than a 100 points intraday. The S&P 500 added only a point ending […]
Equities and the Economy: • S&P 500 closes lower for 4th consecutive session. • For the month of January, all three major bourses post gains. It was a mixed bag for U.S. equities yesterday with the Dow getting smacked closing down 107 points, a half percent, at 19,864, the S&P 500 ending down 2 at […]
Equities and the Economy: • Stocks log worst day since mid-October. • Blame Trump’s immigration executive order. Yesterday the Dow fell 123 points, 0.61%, dropping below 20,000 to end at 19,971, the S&P 500 lost 14 points, 0.60%, finishing at 2,281 and the Nasdaq lost 47, 0.83%, to 5,614. All three indexes posted their worst […]
