Morning Notes

16/04/2015 Argonaut Morning Note

U.S. stock rose Wednesday, propelling the Russell 2000 into record territory. Energy stocks in the S&P 500 rose 2.4%, notching the biggest sector gain as the price of oil continued to rise. Investors continued to focus on first-quarter earnings. Expectations were slashed going into the reporting season as companies contended with the strong dollar and low oil prices in the period. Including results from 37 companies, S&P 500 earnings are expected to fall 5% from a year ago, according to FactSet.

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15/04/2015 Argonaut Morning Note

U.S. stocks were mostly higher Tuesday, as oil prices rose and investors eyed first-quarter earnings reports from J.P. Morgan Chase & Co. and others. Trading volumes were relatively subdued, as they have been for much of April, even as investors turned their focus to first-quarter earnings. Broadly, money managers are bracing for a weak earnings period, with companies pinched by the stronger dollar and lower oil prices. The Dow gained 60 points, or 0.3%, to 18,037 and the S&P 500 index added 3 points, or 0.2%, to 2,096.

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14/04/2015 Argonaut Morning Note

U.S. stocks closed lower Monday after two consecutive weeks of gains. The Dow Jones Industrial Average slipped 81 points, or 0.4%, to 17,977 and the S&P 500 index shed 10 points, or 0.5%, to 2,092.

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13/04/2015 Argonaut Morning Note

The Dow Jones Industrial Average rose 98.92 points, or 0.6%, to 18057.65. The S&P 500 added 10.88 points, or 0.5%, to 2102.06 and the Nasdaq Composite gained 21.41 points, or 0.4%, to 4995.98. The moves were led by General Electric, whose shares surged $2.78, or 11%, to $28.51 as the company said it has resolved to part ways with the bulk of finance business GE Capital, and will sell or spin that part off over the next two years. GE's gains added about 19 points to the Dow. Volume was light, however, as just 5.6 billion shares changed hands, compared to an average of 6.7 billion shares so far this year. It was the second-lowest volume day of 2015.

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10/04/2015 Argonaut Morning Note

U.S. stocks teetered between gains and losses yesterday, as investors pored through the first batch of first-quarter earnings reports. The S&P gained 0.4% to 2,091 and the Dow rose 0.3% to 17,959. European stock markets climbed to a record high Thursday, capping a blistering rally in 2015. The Stoxx Europe 600 index gained 1.1% Thursday to close at 409.15, as investors shrugged off minutes from the U.S. Federal Reserve's latest meeting that showed some officials think an interest-rate increase in June remains a possibility.

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