Morning Notes

15/09/2017 Argonaut Morning Note

The Dow Jones Industrial Average headed toward its third record close of the week intraday, even as other major U.S. indexes edged slightly lower. Stocks hovered between small gains and losses for much of the day, marking a pause after the Dow industrials, S&P 500 and Nasdaq Composite closed at records together two consecutive sessions in a row. Tensions between the U.S. and North Korea have eased somewhat, and political gridlock in Washington has appeared to ease, helping stocks generally move higher this week.

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14/09/2017 Argonaut Morning Note

The Dow Jones Industrial Average headed toward its fourth straight day of gains Wednesday, boosted by shares of energy companies. Stocks have set fresh records this week as investors have shaken off concerns over tensions between the U.S. and North Korea, and early estimates have suggested damage from Hurricane Irma was less severe than initially expected. While some investors say the largely uninterrupted nature of the stock rally has made them nervous, many say the earnings and economic backdrop for stocks remains favourable heading into the rest of the year.

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13/09/2017 Argonaut Morning Note

Major U.S. stock indexes were on pace for records intraday, as investors regained some confidence after skirting several dire scenarios. In the past week: Florida was spared from the catastrophic damage many had forecast from Hurricane Irma, U.S. refiners have ramped back up after Hurricane Harvey battered Texas, North Korea hasn't appeared to have conducted further tests of its nuclear program, and Congress passed a bill to keep the government funded before a month-end deadline. Solid earnings growth and economic expansion in the U.S. and abroad also have helped markets bounce back from occasional selling in recent weeks.

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12/09/2017 Argonaut Morning Note

The Dow Jones Industrial Average climbed back above 22000 for the first time in nearly a month, as investors' fears eased about North Korea and Hurricane Irma. Stocks rose broadly and haven assets retreated, a reversal from last week when major U.S. stock indexes, the dollar and Treasury yields fell as investors worried about worst-case scenarios from summer storms and threats from North Korea. The Dow industrials rose 266 points, or 1.2%, to 22063 in recent trading. The S&P 500 and the Nasdaq Composite jumped 1.1%. The last time the blue-chip index closed above 22000 was Aug. 16 and it hasn't posted a 1% gain since April.

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11/09/2017 Argonaut Morning Note

U.S. stocks notched weekly declines, with severe weather and ongoing tension between the U.S. and North Korea driving some of the biggest moves. Shares of financial companies rose Friday, but posted their worst week in months as banks and insurers tumbled. The Dow Jones Industrial Average edged up 13.01 points, or less than 0.1%, to 21797.79 on Friday. The S&P 500 slipped 3.67 points, or 0.1%, to 2461.43 and the Nasdaq Composite fell 37.68 points, or 0.6%, to 6360.19, weighed down by declines in tech shares.

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