Morning Notes

27/03/2015 Argonaut Morning Note

U.S. stocks wobbled between slight gains and losses Thursday, as a rebound in technology shares helped the broad market reverse early declines. The Dow Jones Industrial Average rose two points to 17721 in afternoon trading, bouncing back from a slide of as much as 139 points early in the session. The S&P 500 index gained two points, or 0.1%, while the Nasdaq Composite rose a point to 4879.

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26/03/2015 - Argonaut Morning Note

U.S. stocks fell for the third session in a row on Wednesday, further pulling back from records as downbeat economic data raised concerns about U.S. growth. The Dow Jones Industrial Average declined 293 points, or 1.6%, to 17,719. The S&P 500 fell 30 points, or 1.5%, to 2,061. The surprise decline in durable goods orders, released Wednesday morning, set the negative tone for trading.

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25/03/2015 Argonaut Morning Note

U.S. stocks drifted lower Tuesday afternoon in quiet trading as the most recent push toward record highs ran out of steam. The Dow Jones Average fell 105 points, or 0.6%, to 18011. The S&P 500 declined 13 points, or 0.6%, to 2092. Stocks have resumed their slow march to record highs in recent weeks, after seeing bigger swings earlier in the year. U.S. consumer prices rose 0.2% in February from a month earlier, the first increase since October and the biggest since June, the Labor Department said Tuesday, in line with expectations. Prices excluding volatile food and energy costs also rose 0.2%.

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24/03/2015 Argonaut Morning Note

US stocks have finished somewhat lower after a quiet day of trade with the Nasdaq lagging the other two indices following last week's surge. Stocks have made strides over the last week, helped by assurances of a go-slow approach to interest rates from the Federal Reserve. The gains have reversed much of an early-March pullback and have brought major stock benchmarks back to within striking distance of all-time records. The Dow Jones Industrial Average dropped 12 points, or 0.1%, to 18,116 and the S&P 500 lost 4 points, or 0.2%, to 2,104.

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23/03/2015 Argonaut Morning Note

The Nasdaq has bolted above 5,000 following a surge in biotech company Biogen as US stocks gained more broadly on a pullback in the dollar. The tech-rich Nasdaq Composite Index jumped 34.04 (0.68 per cent) to 5,026.42, finishing above 5,000 for only the fourth time in its history. The Dow Jones Industrial Average jumped 168.62 (0.94 per cent) to 18,127.65, while the broad-based S&P 500 rose 18.79 (0.90 per cent) to 2,108.06. US stocks got a lift as the dollar retreated following a Federal Reserve statement two days ago that vowed a cautious approach to lifting interest rates.

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