Morning Notes

20/02/2015 Argonaut Morning Note

U.S. stocks slipped Thursday, but pared their early losses, as investors focused on negotiations over Greece's bailout and a renewed selloff in oil prices. The Dow fell 44 points, or 0.2%, to 17985 in afternoon trading. The S&P 500 index eased two points, or 0.1%, to 2097. The Nasdaq Composite gained 18 points, or 0.4%, to 4925. Investors continued to monitor developments in Europe after Germany rebuffed a request by Greece to extend its bailout, set to expire at the end of February. Greece and its creditors have been in negotiations for weeks over the broad terms of new financing for the country, though most investors expect a deal will emerge that keeps Greece in the eurozone. The US dollar edged higher against the euro and the yen on Thursday after a report showed fewer Americans filed for jobless claims, pointing to a strengthening U.S. labor market.

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19/02/2015 Argonaut Morning Note

U.S. stocks fell lower Wednesday after Federal Reserve meeting minutes showed officials haven't agreed on a plan for when and how quickly to raise interest rates. The Dow Jones Industrial Average fell 40 points, or 0.2%, to 18008, the S&P 500 slipped four points, or 0.2%, to 2097, and the Nasdaq Composite Index lost one point to 4899.

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18/02/2015 Argonaut Morning Note

Stocks edged higher in afternoon trading, as investors kept an eye on talks between Greece and its creditors. The S&P 500 rose 3 points, or 0.2%, to 2,100, reversing an early loss and putting the benchmark on track for its second straight all-time high. The Dow Jones Industrial Average gained 28 points, or 0.2%, to 18,048.

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17/02/2015 Argonaut Morning Note

The US was closed for President’s Day and focus last night was on Greece. Talks among euro-zone finance ministers over a new financing arrangement for Greece broke down abruptly Monday, demonstrating a wide gulf between Athens and its official creditors and triggering a period of high uncertainty about Greece's future inside the currency bloc.

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16/02/2015 Argonaut Morning Note

The S&P 500 has closed at a fresh record high, while the Dow ended above 18,000 for the first time in 2015 following good economic data out of Germany. The broad-based S&P 500 gained 8.51 points (0.41 per cent) at 2,096.99, almost 6.5 points above the prior record set December 29. The Dow Jones Industrial Average rose 46.97 (0.26 per cent) to 18,019.35, while the Nasdaq Composite Index advanced 36.22 (0.75 per cent) to 4,893.84.

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