Morning Notes

14/02/2018 Argonaut Morning Note

Major U.S. stock indexes edged slightly higher intraday, rising for a third consecutive session, though investors remained on edge ahead of a key report on inflation. The Dow Jones Industrial Average fell as much as 180 points earlier in the session before giving up those losses to eke out a slight gain later in the day. Despite the intraday swing, investors appeared to avoid making any drastic trades ahead of Wednesday's Bureau of Labor Statistics report on consumer prices.

read more...

13/02/2018 Argonaut Morning Note

U.S. stocks bounced higher Monday following two bruising weeks, lifted by a rally in shares of oil-and-gas companies. The Dow Jones Industrial Average jumped 411 points, or 1.6%, to 24602, following its largest one-week percentage decline in more than two years. The S&P 500 rose 1.4% and the Nasdaq Composite added 1.5%. Monday's gains were broad, lifting 10 of the S&P 500's 11 sectors higher for the day.

read more...

12/02/2018 Argonaut Morning Note

U.S. stocks ended a wild week with gains but suffered their steepest weekly losses in more than two years, with major indexes dropping more than 5% and investors bracing for more volatility ahead. Friday's session was again marked by heightened volatility with the Dow swinging 1,022 points from its high to its low, before surging in the final minutes of the trading session to end the day up 330 points, or 1.4%, to 24191. After spending much of the afternoon in the red, stocks turned higher after the S&P 500 approached a key technical level.

read more...

09/02/2018 Argonaut Morning Note

The Dow Jones Industrial Average fell more than 700 points intraday as worries about rising interest rates again rattled markets. A shaky day in the bond market appeared to spook equity investors, as the Dow industrials recently dropped 600 points, or 2.4%, to 24293. Earlier in the session, the Dow fell as much as 704 points. The yield on the benchmark 10-year U.S. Treasury note was at 2.848%, near its highest level since January 2014, from 2.843% on Wednesday, according to Tradeweb.

read more...

08/02/2018 Argonaut Morning Note

U.S. stocks continued to swing Wednesday, extending one of their most volatile weeks in years as investors wonder how higher interest rates might affect the nearly nine-year old bull market. A recent rise in bond yields has stoked fears that a pickup in inflation globally could lead central banks to tighten monetary policy more quickly than expected, making stocks less attractive as interest rates rise.

read more...