Morning Notes

28/08/2017 Argonaut Morning Note

The S&P 500 booked its first weekly gain in three weeks, as broad advances across sectors helped offset a slide in retail stocks. Major indexes' moves were muted most of the week - mostly attributed to the dearth of major economic reports on the calendar and a lull in trading toward the end of August. The number of shares changing hands over a full session of trade on exchanges owned by the New York Stock Exchange and the Nasdaq fell to their lowest level of 2017 on Wednesday, and hovered below average levels the rest of the week.

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25/08/2017 Argonaut Morning Note

Stocks drifted lower Thursday, as earnings results sent shares of some retail chains higher while food companies fell. The Dow Jones Industrial Average lost 0.1% in the last half-hour of trading, while the S&P 500 fell 0.2% and the Nasdaq Composite slipped 0.1%. Stocks have wavered this month, as investors weigh generally solid earnings and steady global growth against geopolitical tensions and political uncertainty in Washington, D.C. Earlier this week, President Trump said he would be prepared to shut down the government if Congress doesn't approve funding for a wall along the Mexico border.

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24/08/2017 Argonaut Morning Note

Disappointing earnings and political turbulence put renewed pressure on U.S. stocks intraday. The Dow Jones Industrial Average fell 79 points, or 0.4%, to 21821 after its largest one-day advance since April, and the S&P 500 shed 0.4%. The Nasdaq Composite also declined 0.4%, following the tech-heavy index's best session since late June. Company reports drove some of the day's biggest moves in individual stocks. Mr. Trump's threat to shut down the government to secure funding for a wall on the southwest border with Mexico was also said to contribute to the declines.

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23/08/2017 Argonaut Morning Note

Technology companies led a broad upswing in U.S. stocks Tuesday, as investors scooped up shares following recent declines. The Dow Jones Industrial Average rose for a second straight day after the index suffered its biggest two-week decline of the year. Threats between the U.S. and North Korea, as well as turbulence in Washington that amplified investors' doubts about the Trump administration's ability to enact agenda items like a tax overhaul, have weighed on stocks this month.

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22/08/2017 Argonaut Morning Note

U.S. stocks wobbled between slight gains and losses intraday, weighed down by declines in shares of energy companies. The day's moves were muted, a departure from the previous week, when a string of disappointing corporate earnings reports and flaring geopolitical tensions swung major indexes, government bonds and gold. With the earnings season winding down and little on the economic calendar this week, some say the rally could remain on pause. Valuations look lofty, economic growth has been steady but uninspiring, and the fate of the White House's policy agenda looks increasingly uncertain.

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