Morning Notes

26/09/2017 Argonaut Morning Note

Major U.S. stock indexes fell Monday, weighed down by losses in shares of technology companies. Stocks that have helped lead the market higher this year, including Facebook and several chip-makers, were among the day's biggest decliners. Some traders also attributed Monday's slide in major U.S. stock indexes to comments from North Korea's foreign minister, who said Monday that President Donald Trump's latest comments on the country constituted a declaration of war. An exchange of threats between North Korea and the U.S. has pressured major indexes and sent assets considered havens like gold and government bonds higher a few times over the summer.

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25/09/2017 Argonaut Morning Note

The S&P 500 and Dow Jones Industrial Average eked out their second consecutive weekly gains, boosted by a rise in bank shares. Stock moves have been muted in recent sessions, something traders and analysts attributed to a dearth of corporate news ahead of the start of the third-quarter earnings season. The S&P 500 moved 12 points between its weekly peak and its low -- its smallest range since November 2014. In another sign of the calm in the markets, the CBOE Volatility Index, a measure of investors' expectations for swings in the S&P 500, fell Friday for the ninth time in 10 trading sessions.

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22/09/2017 Argonaut Morning Note

Declines in shares of technology and consumer-staple stocks intraday threatened to end major indexes' run of recent gains. Some investors and analysts attributed the stall in the stock market to lingering uncertainty after the Federal Reserve suggested Wednesday that it was open to the possibility of an interest-rate increase in December. A streak of soft inflation data had made some investors skeptical the Fed would raise rates again in 2017. The fact that the central bank signaled otherwise caught some investors off guard.

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21/09/2017 Argonaut Morning Note

U.S. stocks were little changed after the Federal Reserve kept the door open for a December interest-rate hike and eyed a slower path for future increases. The Dow Jones Industrial Average was recently up 9 points, or less than 0.1%, at 22379, after turning negative immediately following the Fed's announcement. The blue-chip index was on track for its ninth straight session of gains. The S&P 500 dropped 0.1% and the Nasdaq Composite fell 0.3%. Financial stocks rose alongside bond yields after the release of the Fed's statement following the central bank's latest two-day meeting. The S&P 500 financial sector was recently up 0.9%, compared with up 0.1% before the announcement.

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20/09/2017 Argonaut Morning Note

U.S. stocks edged higher intraday ahead of a coming Federal Reserve policy decision, putting major indexes on track for record closes. Stock trading has been relatively muted in recent sessions, as easing geopolitical concerns and steady global growth have given investors few reasons to unload stocks. The subdued trading environment continued, with the S&P 500 on track to notch its smallest intraday range since December 2013. Investors appeared to be holding off on making new bets ahead of the Fed's upcoming policy announcement.

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