Morning Notes

02/02/2018 Argonaut Morning Note

U.S. stocks bounced higher intraday, heading for a second day of gains, as investors parsed a flurry of earnings reports. The Dow Jones Industrial Average rose 107 points, or 0.4%, to 26255. The S&P 500 added 0.3% and the Nasdaq Composite advanced 0.2%. Major indexes stumbled earlier this week, puncturing what had been an unprecedented streak of gains for U.S. stocks, as government bond yields hit multiyear highs.

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01/02/2018 Argonaut Morning Note

The S&P 500 gave up earlier gains Wednesday after the Federal Reserve left interest rates unchanged but reiterated plans to gradually raise them moving forward. Concerns about higher inflation and less accommodative central-bank policy have led to a pause in this year's torrid stock-market rally. The Fed's statement Wednesday said officials expect inflation will move higher this year and stabilize around 2% over the medium term. Some analysts said they think investors are bracing for the possibility of a more aggressive central bank, pushing up Treasury yields and weighing on stocks.

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31/01/2018 Argonaut Morning Note

The Dow Jones Industrial Average briefly dropped more than 400 points intraday, a second straight day of double-digit declines, as worries over rising bond yields and a slide in the health-care shares pushed investors to the sidelines. The blue-chip index declined 385 points, or 1.5%, to 26054, on track for its worst day since May, after earlier falling as much as 404 points. The S&P 500 dropped 1.1% and is set for its first daily decline of more than 1% since August.

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30/01/2018 Argonaut Morning Note

U.S. stock indexes retreated from record highs Monday, weighed down by falling utilities and real-estate shares. The Dow Jones Industrial Average fell 0.3%, backing away from Friday's all-time high. The S&P 500 lost 0.3%, while the Nasdaq Composite ticked down 0.2%. Investors are looking ahead to the Federal Reserve's two-day monetary policy meeting later this week, as well as President Donald Trump's first State of the Union address and data on manufacturing and unemployment.

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29/01/2018 Argonaut Morning Note

U.S. stocks extended their weekslong rally and the dollar resumed its slide Friday, capping a week of increased volatility. Major U.S. indexes were lifted by a new batch of strong corporate earnings reports and fresh data showing continued economic growth around the world, while intraday stock swings picked up slightly. The S&P 500 rose 33.62 points, or 1.2%, to 2872.87 Friday, surging into the close for its 14th record in January. That marks the most records for the S&P 500 in a single month since June 1955.

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