Morning Notes

14/01/2015 Argonaut Morning Note

U.S. stocks erased sharp gains Tuesday, though technology shares held up better than broader indexes. Stocks turned lower in afternoon trading, after a steep morning rally. Traders pointed to worries about the outlook for European Central Bank policy, though the U.S. declines started after European stocks closed broadly higher. Investors broadly expect the ECB to introduce new stimulus, and traders are closely following the outlook for European policy makers.


13/1/2015 Argonaut Morning Note

U.S. stocks fell Monday, dragged lower by a renewed drop in oil prices, as investors turned to the coming fourth-quarter earnings season. The Dow Jones Index declined 0.5% (97 points) to 17,641 and the S&P 500 dropped 0.8% (17 points) to 2,028.


12/01/2015 Argonaut Morning Note

US stocks have dropped, following European equity markets lower, after a mixed jobs report and another decline in oil prices. The Dow Jones Industrial Average sank 170.50 points (0.95 per cent) to 17,737.37, concluding a volatile week in which the blue-chip index registered triple-digit moves all five days. The broad-based S&P 500 fell 17.33 (0.84 per cent) to 2,044.81, while the tech-rich Nasdaq Composite Index lost 32.12 (0.68 per cent) at 4,704.07. The US economy added a solid 252,000 jobs in December, but analysts expressed worries at weak wage growth.