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Europe: +44 (0) 207 198 1634 Good morning. You know what today is? It’s the day you poor souls in states where there were contested congressional or gubernatorial races stop getting barraged with caustic television ads and political survey calls blowing up your telephone during dinner! Three cheers! Last night’s midterm elections were more exciting than the action in yesterday’s equities […]
Good morning. Last week ended mixed for equities with the Dow rising 14 points to 17,280, a new record, the S&P 500 closing down 1 at 2,010 and the Nasdaq off 14 to 4,580. The major indexes over the week were supported by favorable outcomes of two “risk” events: the Fed reiterating its commitment to […]
Good morning. What can one say other than it was an outstanding day for stocks and your 401K! The Dow closed up 109 points at 17,266 and the S&P 500 gained 10 to 2,011. The Nasdaq didn’t close at a new record high but was the biggest percentage gainer on the day closing up 31 […]
Good morning. The Fed finished its two day meeting yesterday and the market liked what it heard. The Dow closed up 25 points at 17,157 which just happens to be a record high, and the S&P 500 gained 3 points putting it back over 2,000 at 2,002 and on an intraday basis coming within one […]
Good morning. I wonder if someone has the Fed meeting bugged. I mean for the last week and a day the equity market were lackluster chopping around looking for direction. That was the way we started out the day yesterday trading on either side of unchanged until about 10:20 CDT and then zoom, off to […]
Good morning. Yesterday was bifurcated. If you were AT&T or ExxonMobil or other members of the Dow you did ok with the Dow (which is 30 stocks) closing up 44 points at 17,031. If you owned the S&P 500 index you yawned with it closing down 1 at 1,984. But if you owned the Nasdaq […]
Good morning. Stocks closed lower on Friday with the Dow falling 61 and below 17,000 to 16,982, the S7P 500 off 12 to 1,986 and the Nasdaq closing at 4,568, down 24. This is the first week the major indexes have closed down (S&P down 1.2%) after 5 weeks of gains. Let’s not forget though […]
Good morning. U.S equities closed little changed from Wednesday yesterday with the Dow ending down 20 points at 17,049, the S&P 500 gained 2 to 1,997 and the Nasdaq up 5 to 4,592. And you should be very happy because for most of the day all the indexes were seriously bleeding with the Dow at […]
Good morning. It looked like we were going to have a lousy day on Friday for equities were trading negative all day but investors and traders didn’t want to go into the weekend short because we got a late afternoon rally with the Dow up 6 points to 16,852. The S&P 500 closing up 4 […]
Good morning. Yesterday the Dow closed down 22 points at 16,846, the S&P 500 lost 2 to 1,957 and the Nasdaq fell 1 to 4,379. And you should be happy. Why? Because 20 minutes after the open the Dow was down 122 points! Taking “the glass is half full” approach, yesterday was only the 3rd […]
