Morning Notes

10/11/2017 Argonaut Morning Note

Investors' concerns over the prospects of a tax overhaul sent stocks sliding intraday. Major indexes pared declines in the second half of the trading day, after the Dow Jones Industrial Average had fallen as many as 253 points while investors parsed developments in a tax overhaul they have been anticipating since the election of President Donald Trump. The Senate plan to push through a different tax proposal than what the House released last week has caused some investors to question Republicans' ability to get a bill through to the White House.

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09/11/2017 Argonaut Morning Note

The S&P 500 headed toward another all-time high Wednesday, as investors parsed the latest batch of corporate earnings. Broad-based profit growth has helped propel major indexes to fresh records. Many investors say solid corporate earnings and a U.S. economy that is picking up steam should continue supporting major indexes moving forward. The S&P 500 rose 0.1% after snapping a five-session winning streak Tuesday. The Dow Jones Industrial Average advanced less than 0.1% and the Nasdaq Composite was recently up 0.3%, after swinging between small gains and losses earlier in the session.

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08/11/2017 Argonaut Morning Note

U.S. stocks fell intraday, threatening to end a five-session win streak for the Dow Jones Industrial Average and S&P 500. Shares of Priceline Group and TripAdvisor posted double-digit losses, putting them among the S&P 500's biggest percentage decliners after the online travel companies disappointed investors with their quarterly results. Meanwhile, falling bond yields pressured bank stocks, and proposed deals swung shares of chip makers and media companies.

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07/11/2017 Argonaut Morning Note

Rallying energy shares pushed U.S. stock indexes toward fresh highs Monday. A recovery in commodity prices, pickup in growth across economies around the world and a weaker dollar have helped major indexes climb this year, investors and analysts say. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite posted records together Friday and were on track to repeat the feat Monday. The Dow industrials rose 0.1%. The S&P 500 added 0.2%, and the Nasdaq Composite was up 0.4%.

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06/11/2017 Argonaut Morning Note

Technology shares led stocks higher Friday, boosted by a jump in Apple after the tech giant delivered its best quarterly growth in two years. Friday's rise helped all three major U.S. indexes notch gains over a week in which investors faced a string of potentially market-moving announcements, from the House Republicans' plans for tax overhaul, to a Federal Reserve meeting to the October jobs report. The tech-heavy Nasdaq Composite gained 0.7%, outpacing gains in the S&P 500 and Dow Jones Industrial Average, which were up 0.3% and 0.1%, respectively. Earlier this week, the Nasdaq closed at its 62nd record of the year, tying 1980 for the most closing highs in a calendar year.

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