Morning Notes

08/12/2017 Argonaut Morning Note

Rising shares of Boeing and other industrial companies pushed major indexes higher Thursday. The gains put major indexes on the rebound after recent declines. The S&P 500 logged declines in the previous four trading sessions, while the Dow Jones Industrial Average had fallen for two consecutive sessions. The Nasdaq Composite declined in three of the past four. The Dow Jones Industrial Average was up 0.3% about an hour before the close, while the S&P 500 rose 0.3%, and the Nasdaq Composite added 0.5%. Shares of industrial companies rose 1.1% in the S&P 500. Boeing was one of the biggest contributors to the Dow. Shares of Boeing have jumped about 83% this year on a series of upbeat profit reports, fuelling much of the blue-chip index's gain this year.

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07/12/2017 Argonaut Morning Note

This year's stock-market rally continued to stall Wednesday, with major U.S. indexes flipping between slight gains and losses. Some analysts said investors were growing nervous about markets trading near record highs as well as uncertainty about how political developments will impact stocks. The S&P 500 was on track for a fourth straight session of declines, which would be its longest losing streak since March. The S&P 500 fell less than 0.1%. The Dow Jones Industrial Average inched down less than 0.1%, and the Nasdaq Composite added less than 0.1%.

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06/12/2017 Argonaut Morning Note

U.S. stocks pulled back Tuesday afternoon, even as shares of technology companies rose following losses in recent sessions. Investors were cautious as Republicans were set to try to reconcile the Senate's version of the tax bill with the House's -- a task lawmakers hope to complete by Christmas. The end of the third-quarter earnings season, along with few new developments on the legislative front, has left money managers with little else to act on, some analysts and investors said.

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05/12/2017 Argonaut Morning Note

The Dow Jones Industrial Average jumped after the Senate passed a tax bill over the weekend, setting the stage for lawmakers to attempt to push a final bill to the White House before Christmas. The blue-chip index rose 0.6%, heading toward a record close. The S&P 500 added 0.3%, and the Nasdaq Composite slipped 0.5% as technology stocks pulled back. Investors dumped assets that many consider havens, such as U.S. Treasurys and gold, while lifting the dollar. The Senate passed revisions to the U.S. tax code Saturday after Republicans overcame internal divisions, moving one step closer to pushing through $1.4 trillion in tax cuts.

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04/12/2017 Argonaut Morning Note

The Dow Jones Industrial Average tumbled 350 points Friday morning before making most of that back, as investors grappled with a new development in the Russian investigation and further progress on the GOP tax plan. By the end of the day, major indexes suffered modest losses in the most turbulent day of the year for the Dow. The blue-chip index's trading range was roughly 400 points, the widest since June 24, 2016, the day after the Brexit vote. As Friday's stock selling accelerated, investors piled into assets that many consider havens.

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