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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning and happy National Pralines Day. Stocks rallied nicely in Europe but it was a choppy session here in the U.S. with the major indexes inching higher. The Dow closed 24 points up at 18,144, the S&P 500 added a single digit ending at 2,124 and the Nasdaq climbed 6 […]
Source: U.S. Energy Information Administration, based on Lloyd’s List Intelligence, Global Trade Information Services, Eurostat, and trade press In early April this year, Iran and the five permanent members of the United Nations Security Council plus Germany (P5+1) reached a framework agreement to guide negotiations targeting a comprehensive agreement by June 30. The comprehensive agreement could […]
Equities and the Economy Good morning and happy National Pecan Sandies Day. It was an very good day on Wall Street yesterday and although the major indexes closed well off their highs I’ll take a day like yesterday all day every day. The Dow gained 104 points (0.58%) ending at 18,120, the S&P 500 climbed […]
Equities and the Economy Good morning and happy National Chocolate Éclair Day. I was travelling last week and the last Morning Energy Blog was Tuesday reflecting Monday’s market action so let’s see what transpired since that time. Last Monday the Dow, S&P 500 and Nasdaq closed at 17,791, 2,084 and 5,030. On Friday the Dow […]
Since August, the Energy Future Holdings bankruptcy revolved around the auction of its prized asset, the Oncor power line company. Attorneys flew back and forth to Wilmington, Del., to argue in U.S. Bankruptcy Court over timing. Motions were filed; bids were expected to reach north of $18 billion. Now the former TXU Corp. is considering […]
EIA’s energy mapping system is a data-intensive visual reference tool that includes several map layers defining energy infrastructure components across the United States. Using this series of maps, viewers can see crude oil, petroleum, natural gas, or hydrocarbon gas liquid pipelines, terminals, and ports in their area, as well as high voltage electric transmission lines. The mapping […]
Equities and the Economy Good morning and happy Eat Your Vegetables Day. Vegetables are all I’m going to be able to afford if this keeps up. The Dow fell 108 points (0.6%) to 17,791, the S&P 500 lost (0.48%) to 2,084 and the Nasdaq declined 21 (0.42%). The headlines continue to be dominated by events […]
Equities and the Economy Good morning and happy National Lobster Day. Nobody on Friday could justify having lobster for dinner with all three indexes getting pounded. The Dow lost 140 points (0.78%) to 17,898, the S&P 500 fell 15 (0.70%) to 2,094 and the Nasdaq dropped 32 (0.62%) to 5,051. European stocks got hammered even […]
Equities and the Economy Good morning and happy National Peanut Butter Cookie Day. There were a few fundamental economic reports out yesterday which pushed stocks higher. The most important was the Commerce Department’s Retail Sales report which showed May sales were up 1.2% which although below economists’ forecast of 1.3%, were up for the third […]
Equities and the Economy Good morning and happy National Making Life Beautiful Day. And it was a beautiful day for the equity markets and your stock portfolio yesterday with the Dow for the first time in five days closing higher, up a big 237 points, 1.33%, to an even 18,000, and returning to positive territory […]
