Morning Notes

14/03/2018 Argonaut Morning Note

Stocks turned lower midday as technology and financial shares declined. The Dow Jones Industrial Average fell 172 points, or 0.7%, to 25,007. The S&P 500 declined 0.6%, and the tech-heavy Nasdaq Composite dropped 0.9%. Tech stocks in the S&P 500 fell by 1%, led by a 4.8% drop in shares of Qualcomm after President Donald Trump on Monday blocked Broadcom's $117 billion hostile takeover bid on national security grounds.

read more...

13/03/2018 Argonaut Morning Note

The Dow Jones Industrial Average fell Monday, dragged down by declines in shares of Caterpillar and Boeing. The blue-chip index dropped 0.6%, turning lower after rising as much as 113 points earlier in the session. The S&P 500 swung between small gains and losses, closing down 0.1%. The Nasdaq Composite climbed 0.5%, on pace to set a closing high for the second consecutive session. A strong earnings season alongside recent inflation data has supported stock prices.

read more...

12/03/2018 Argonaut Morning Note

U.S. stocks jumped Friday, extending major indexes' gains for the week, after an upbeat February jobs report eased investors' concerns that inflation is accelerating too quickly. Those inflation fears, which had gripped markets in recent weeks and contributed to a surge in volatility, diminished after data from the Labor Department released Friday showed that wage growth slowed in February. Meanwhile, the annual wage gain in January - which initially came in stronger than expected and sparked the jitters that led to the market's worst selloff in more than two years - was revised down.

read more...

09/03/2018 Argonaut Morning Note

U.S. stocks rose intraday, as the White House prepared to roll out widely debated tariffs on steel and aluminium imports. Major indexes wobbled around the flatline for much of the day, then climbed to session highs in the last hour of trading. Gains were broad, lifting all but one of the S&P 500's 11 sectors. The moves came as investors waited for further details on the Trump administration's proposed tariffs, which some fear could result in retaliatory measures from other countries.

read more...

08/03/2018 Argonaut Morning Note

The Dow Jones Industrial Average fell Wednesday after economic adviser Gary Cohn's resignation from the White House led to renewed concerns over a possible trade war and its impact on global growth. Some investors saw Mr. Cohn's resignation as a sign that President Donald Trump was pushing forward with the steel and aluminium tariffs he announced last week and were worried that protectionist trade policies could spread.

read more...