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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Bivouacking continues. • Nasdaq sets intraday record high. Without any significant economic news U.S. equities have been consolidating the last few sessions. Yesterday the Nasdaq managed to post a new intraday high but pulled back in the afternoon and closed up a point from Friday at 5,902. The Dow and […]
Equities and the Economy: • Another muted day on Friday. • Major indexes post marginal gains for the week. The U.S. equities market treaded water the last two days of last week. On Friday the Dow fell 20 points to 20,915, the S&P 500 lost 3 ending at 2,378 and the Nasdaq closed flat to […]
Equities and the Economy: • Stocks consolidating. • S&P still up 6.3% for the year. A day after the Fed announced a ¼% rate hike and U.S. equities jumping, stocks treaded water yesterday with the Dow closing down 16 at 20,935 and the S&P 500 off 4 to 2,381. The Nasdaq managed to post a […]
Equities and the Economy: Fed raises interest rates as widely expected. Fed guidance dovish. For the third time since the financial crisis began, the second time in three months and the first time this year, the Fed raised interest rates. Yesterday increase was a widely expected ¼% taking the benchmark overnight interest rate to a […]
Equities and the Economy: U.S. equities close marginally lower. Market looking for a ¼% hike in interest rates today. U.S. stocks closed marginally lower yesterday dragged down by the Asian markets and energy stocks with crude oil prices closing lower on considerably below average volume due to winter storm Stella. The Dow closed down 44 […]
Equities and the Economy: • Equities globally consolidate yesterday. • FOMC and BoJ meetings this week. Consolidation was the order of the day not just parochially but catholically with the U.S., Asian and European markets generally closing little changed. Focusing on the U.S., the Dow slid 22 points to 20,881, the S&P 500 gained a point […]
Equities and the Economy: • February jobs report “Goldilocks”. • U.S. post minor losses for the week. Although U.S. stocks closed higher on Friday with the Dow gaining 45 points to 30,903, the S&P 500 up 8 to 2,373 and the Nasdaq adding 23, 0.4%, to finish at 5,862, the major indexes posted minor losses […]
Equities and the Economy: • U.S. stocks close flat to Wednesday. • Yesterday marked the 8th anniversary of this bull market. Yesterday U.S. equities closed basically to Wednesday’s levels with the Dow adding 2 points to 20,858, the S&P 500 edging up the same amount to 2,365 and the Nasdaq rising a single point to […]
Equities and the Economy: • U.S. stocks close lower for 3rd consecutive day. • Plunging oil prices and interest hike weighing. Materially lower oil prices dragged down energy stocks and combined with the realization that interest rates are and will be rising this year investors did some selling. The Dow lost 69 points, 0.3%, closing […]
Equities and the Economy: • Stocks close lower for second consecutive day. • Market in consolidation. U.S. equities closed lower for a second consecutive day with the Dow off 30 points to 20,925, the S&P 500 ending down 7 points at 2,368 and the Nasdaq falling 15 to 5,834. Yesterday was the first time we’ve […]
