Morning Notes

23/06/2015 - Argonaut Morning Note

U.S. stocks advanced Monday, lifted by gains in health-care and financial shares as well as optimism that Greece will eventually reach a bailout deal with its creditors. The Dow Jones Industrial Average rose 104 points, or 0.6%, to 18,120, while the S&P 500 index added 13 points, or 0.6%, to 2,123.

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22/06/2015 Argonaut Morning Note

US stocks eased from the week's highs as traders became cautious ahead of a fraught-filled weekend for Greece and the eurozone. Giving up more than half of the previous session's gains, the Dow Jones Industrial Average lost 101.56 points, or 0.56 per cent, to 8,014.28, and the broad-based S&P 500 fell 11.48 points, or 0.54 per cent, to 2,109.76. After sweeping to a new record on Thursday, the Nasdaq Composite Index shed 15.95 points, or 0.31 per cent, to 5,117. The mild sell-off came as Greece and its official creditors entered the weekend with no deal on more financial aid to Athens in sight, and the cash-short country facing a June 30 deadline to repay 1.5 billion euros ($A2.19 billion) to the International Monetary Fund.

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19/06/2015 Argonaut Morning Note

U.S. stocks advanced sharply on Thursday, sending the Nasdaq Composite and the Russell 2000 to record highs, while the main indexes recorded their third consecutive day of gains. The Nasdaq Composite gained 68.07 points, or 1.3% to 5,133.0, topping it previous record reached on May 19. The Russell 2000 rose 15.88 points, or 1.3% to 1,284.2, surpassing its record set April 15. The S&P 500 rose 20.80 points, or 1%, to 2,121.2, closing less than 10 points below its all-time closing high. The Dow Jones Industrial Average jumped 180.10 points, or 1%, to 18,116.

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18/06/2015 Argonaut Morning Note

US Stocks rose and the dollar weakened as the Federal Reserve signalled that interest rates would increase more slowly than many investors had been expecting. Many investors read the statement as affirmation that the first interest-rate increase in nearly a decade would happen this year. But fund managers say expectations of the first rate increase are already reflected in financial markets, prompting market watchers to look beyond it.

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17/06/2015 Argonaut Morning Note

U.S. stocks rose Tuesday, rebounding from two days of losses, as investors awaited news on Greece's bailout talks and the outcome of the Federal Reserve's policy meeting. All of the S&P 500's sectors were up, led by gains in consumer-staples stocks. The Fed kicks off its two-day meeting Tuesday. While it isn't expected to raise interest rates at this meeting, investors will parse the central bank's statement and Chairwoman Janet Yellen's news conference for clues on how officials view the U.S. economy and when they will feel comfortable raising rates.

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