Morning Notes

16/02/2018 Argonaut Morning Note

U.S. stocks extended their rebound in a broad rally of 10 of the S&P 500's 11 sectors. Major stock indexes are on track for their best weekly performance since the presidential election, a sharp reversal following two of their worst weeks since early 2016. Many investors and analysts have pointed to strengthening fundamentals - such as corporate earnings and economic growth - as reasons for the rebound. But they also say they worry about stocks racing back to record highs. The Dow Jones Industrial Average rose 307 points, or 1.2%, to 25,200. The S&P 500 also added 1.2%, and the Nasdaq Composite gained 1.6%. The U.S. gold price also continued its strength overnight, rising 0.2% to 1,353.30 US$/oz.

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15/02/2018 Argonaut Morning Note

U.S. stocks climbed for a fourth consecutive session Wednesday, stabilizing despite further signs of an anticipated boost in inflation and at least temporarily easing fears of a prolonged market downturn. Consumer prices increased more than expected in January, another data point showing inflation is firming after a long run of softness. But some analysts highlighted the rise was largely driven by higher prices for gasoline, rent and apparel, which are more volatile.

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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.

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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.

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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.

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