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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks end little changed on Friday. • Post solid weekly gains. The Dow and S&P 500 suffered minor losses on Friday. The Dow fell an immaterial 2 points to 22,774 ending a 7 day winning streak. The S&P slipped 3 points to 2,549 ending its 8 day streak. The Nasdaq […]
Equities and the Economy: • More records! • House passes 2018 budget. U.S. stocks continue to set record highs! Yesterday the Dow posted a hefty gain of 114 points, 0.5%, finishing at its 46th record close at 22,775. The S&P 500 rose even more on a percentage basis, 0.6%, up 14 points to 2,553, it’s […]
Equities and the Economy: • 3rd consecutive closing high for the three major indexes. • ADP releases jobs report for August. While the gains were marginal yesterday they were enough for the three major stock indexes to post new record highs. The Dow rose for the 6th consecutive session adding 20 points to close at […]
Equities and the Economy: • U.S. equities book another round of records. • Fundamental data continues to support. The three major U.S. benchmark stock indexes posted yet another day of record highs. The Dow finished up 84 points at 22,641 marking its 5th consecutive day of gains. The S&P 500 rose 5 points to 2,535 […]
Equities and the Economy: • Equities rally to again set record highs. • Fundamentals continue to be supportive. Four main stock benchmarks set new record highs yesterday. The Dow popped 153 points, 0.7%, finishing at 22,558, the S&P 500 advanced 10 points, 0.4%, ending at 2,529, the Nasdaq tacked on 21 points, 0.3%, to 6,517 […]
Equities and the Economy: • Q2 GDP revised up. • S&P, Nasdaq and Russell post yet another record high. U.S. equities wrapped up last week, the month and quarter on a high note with the S&P 500, Nasdaq and Russell 2000 hitting all-time highs on Friday. The S&P gained 9 points to 2,519 closing at […]
Equities and the Economy: • Dow snaps 4 day losing streak. • Tax reform proposal supportive. Erasing losses earlier in the day the Dow closed up 56 points at 22,341 snapping a 4 day losing streak. The S&P 500 rose 10 points finishing at 2,507, less than 0.1% off its record close set last week. […]
Equities and the Economy: • Equities meandering. • Yellen strongly implies one more rate hike coming this year. U.S. stocks have been meandering of late including yesterday. The Dow slipped 12 points yesterday closing at 22,284 and while this is the Dow’s 4th consecutive day of posting losses, the loss has only been 0.6% since […]
Equities and the Economy: • U.S. stocks slip. • Geopolitical events lead to investor cautiousness. Riskier assets, which includes stocks, came under marginal pressure yesterday with North Korea’s foreign minister Ri Yong Ho announcing that President Trump’s recent comments were “clearly a declaration or war” and that Pyongyang has the right to shoot down U.S. […]
Equities and the Economy: • U.S. stocks end little changed. • Russell 2000 closes at record high. The three major U.S. stock indexes ended little changed on Friday. The Dow settled 10 points lower at 6,427, the S&P 500 ended 2 points up at 2,502 and the Nasdaq closed 4 points higher at 6,427. Weekly […]
