Morning Notes

12/02/2018 Argonaut Morning Note

U.S. stocks ended a wild week with gains but suffered their steepest weekly losses in more than two years, with major indexes dropping more than 5% and investors bracing for more volatility ahead. Friday's session was again marked by heightened volatility with the Dow swinging 1,022 points from its high to its low, before surging in the final minutes of the trading session to end the day up 330 points, or 1.4%, to 24191. After spending much of the afternoon in the red, stocks turned higher after the S&P 500 approached a key technical level.

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09/02/2018 Argonaut Morning Note

The Dow Jones Industrial Average fell more than 700 points intraday as worries about rising interest rates again rattled markets. A shaky day in the bond market appeared to spook equity investors, as the Dow industrials recently dropped 600 points, or 2.4%, to 24293. Earlier in the session, the Dow fell as much as 704 points. The yield on the benchmark 10-year U.S. Treasury note was at 2.848%, near its highest level since January 2014, from 2.843% on Wednesday, according to Tradeweb.

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08/02/2018 Argonaut Morning Note

U.S. stocks continued to swing Wednesday, extending one of their most volatile weeks in years as investors wonder how higher interest rates might affect the nearly nine-year old bull market. A recent rise in bond yields has stoked fears that a pickup in inflation globally could lead central banks to tighten monetary policy more quickly than expected, making stocks less attractive as interest rates rise.

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07/02/2018 Argonaut Morning Note

U.S. stocks rallied in the final hour of trading after shock waves from its biggest-ever daily point plunge rippled through financial markets, sparking steep selloffs in equity benchmarks from Tokyo to Madrid. The Dow Jones Industrial Average climbed 451 points, or 1.9%, to 24796 intraday, after it dropped nearly 1,600 points at one point Monday and erased its gains for the year. The S&P 500 gained 1.7%, and the Nasdaq Composite rose 1.8%.

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06/02/2018 Argonaut Morning Note

The Dow Jones Industrial Average plunged Monday, dropping nearly 1,600 points at one point, and remains on track for its largest one-day point decline on record. The global selloff in stocks rippled through Europe and Asia as well, as a long-running market rally threatened to become a rout. Indexes in all three regions gave up their gains for 2018. Monday's losses were broad-based, with all 11 sectors in the S&P 500 posting declines, led by losses in the energy, financials and health-care segments.

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