Archives of “economic growth” tag

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Japan GDP, final for Q3: 0.4% q/q

  
Analysis, Economy
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Third quarter economic growth in Japan, this the final (link to the preliminary is below)

  • GDP sa q/q  0.4%, ahead of the preliminary result.
  • GDP annualised sa 1.8%
  • GDP nominal q/q 0.6%
  • GDP deflator (an inflation indication)
  • Private consumption 0.5% q/q
  • Business spending 1.8% q/q
For the preliminary readings and those for Q2, here is the report:
  • Japan GDP (preliminary) for Q3 0.1% q/q (vs. expected 0.2%)
The growth figures are well ahead of the preliminary release. A relatively string report. Some of the strength in consumer activity will be ‘front loading’ ahead of the sales tax hike that came on October 1 I guess (although this did not show up to much extent in other data).

The Dow Rose 55 Points Because the U.S. and China Are Talking Trade Turkey

  
Analysis, US Market
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All three main U.S. stock indexes closed with modest gains on Tuesday, adding to Monday’s record highs. U.S.-China trade negotiations continued ahead of the Thanksgiving holiday, as representatives from both countries made another high-level call on Tuesday. Consumer confidence slipped again in November, but still remains at a relatively high level. In today’s After the Bell, we…

  • watch U.S. and China negotiators push trade talks a step further
  • gauge Trump’s position on Hong Kong’s pro-democracy movements;
  • and check on how American consumers feel in November.

Time to Be Thankful

Stocks edged up again on Tuesday as trade negotiators from the U.S. and China hold another high-level phone call to resolve core issues. The Dow Jones Industrial Average gained 55.21 points, or 0.20%, to close at 28,121.68. The S&P 500 added 6.88 points, or 0.22%, to finish at 3140.52, and the Nasdaq Composite increased 15.44 points, or 0.18%, to close at 8647.93.

Overnight :Nasdaq the sole record maker

  
Analysis, US Market
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S&P and Dow close lower

After a few days where the major indices all closed at record levels, today only the Nasdaq is closing with gains. The Dow led the way to the downside.
Home Depot is weighing on the Dow after revenues and forward guidance disappointed today. The price is down $-13.06 or -5.47%.   Home Depot has the 4th highest component weight in the Dow at 5.78%, hence the big impact.
The final numbers are showing:
  • S&P index fell -1.87 points or -0.06% at 3120.17. The high price reached 3127.64. The low extended to 3113.47
  • Nasdaq index rose 20.722 points or 0.24% at 8570.66. The high reached 8589.758. The low extended to 8536.727.
  • Dow index fell -102.37 points or -0.37% at 27933.85. The high reached 28090.21. The low extended to 27894.52
Some winner for the day included:
  • AMD, +3.43%
  • Tesla, +2.75%
  • First Solar, +2.71%
  • Broadcom, +2.12%
  • Amgen, +1.77%
  • Visa, +1.73%
  • Mastercard, +1.58%
  • Intuitive Surgical, +1.52%
  • Intuit, +1.41%
  • Adobe, +1.20%
  • Pfizer, +1.18%
Some of the biggest losers included:
  • Slack, -8.40%
  • Home Depot, -5.47%
  • AT&T, -4.04%
  • Beyond Meat -2.96%
  • Qualcomm, -2.79%
  • Micron, -2.57%
  • Nvidia, -2.01%
  • Bristol-Myers Squibb, -2.0%
  • Chevron, -1.77%
  • Phillip Morris, -1.52%
  • FedEx, -1.30%

Record closes for all three US indices to end the week

  
Analysis, Global Indices, US Market
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The Dow above 28000 for the first time ever.  Indices close at record all time high levels.

The major indices are closing at records. The Dow hits 28,000 for the 1st time ever and looks like my close above that level as well. The S&P index and NASDAQ index are also trading at record levels and closed at the highs.  It is hard to get any better than that.
The closing numbers are showing:
  • The S&P index up 23.73 points or 0.77% at 3120.37. That is the high for the day. The low for the day was down at 3104.60
  • The NASDAQ index is up 61.81 points or 0.73% at 8540.82. That too is the high for the day. The low for the day reached 8506.79.
  • The Dow close up 222.45 points or 0.80% at 28004.69. Yes. it too is at the high for the day.  The low for the day reached 27843.54.
Below are the percentage changes of the major North American and European indices today (along with their low to high ranges).
The Dow above 28000 for the first time ever.  Indices close at record all time high levels.  

For the week, the Dow was the biggest gainer of a sample of major indices. The Shanghai composite index was the biggest decliner at -2.52%.

The weekly percentage changes for the major global stock indices

US Indices reverse from the sharp declines and close at session highs

  
Analysis, US Market
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NASDAQ index up 1.12%. S&P index also up nicely

The US stocks fell sharply after the worse than expected ISM nonmanufacturing index. The NASDAQ and S&P index fell -1.1% added slows. The Dow industrial average was down -1.29%. However, buyers into the market by the close, the major indices were trading at session highs.
The final numbers are showing:
  • The S&P index rose 23.02 points or 0.80% at 2910.63
  • The NASDAQ index rose 87.02 points or 1.12% at 7872.26
  • The Dow industrial average rose 122.42 points or 0.47% at 26201
The percentage change ranges for the major indices in the North America and Europe are outline below. In Europe, the German DAX got creamed falling -2.76%. The UK FTSE was also lower but a more modest -0.63%.
NASDAQ index up 1.12%. S&P index also up nicely_

Some winners today:

  • Slack, +6.27%
  • Nvidia, +4.83%
  • Micron, +3.57%
  • Square, +3.25%
  • Pepsi, +2.95%
  • Facebook, plus a 2.75%
  • Pfizer +2.22%
Some losers on the day included
  • Tesla -4.16%
  • Charles Schwab, -3.83%
  • Delta Air Lines, -2.8%
  • Alcoa, -1.35%
  • Disney, -0.76%
  • UnitedHealth, -0.66%
  • Johnson & Johnson, -0.5%

US Indices close with mixed results. Earlier gains taken away.

  
Analysis, US Market
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S&P unchanged. Nasdaq up marginally. Dow down.

The major US stock indices are closing the day with mixed results.  Each however had earlier gains taken away into the close.
Looking at the three major indices, one ended unchanged, one was up marginally and one was down.  The final numbers are showing:
  • S&P index, unchanged at 3006.79. The high reach 3021.99.. The low extended to 3003.16
  • NASDAQ closed up 5.487 points or 0.07% at 8182.87. The high reached 8237.43. The low extended 28174.32
  • The Dow industrial average closed down -52.29 points or -0.19% at 27094.79. The high reached 27272.17. The low extended to 27064.21.
The chart below shows the percentage change high, the percentage change low, and the closing percentage change for the major North American and European stock indices today. European shares closed near their high levels for the day. The US major indices closed near their session lows.
S&P unchanged. Nasdaq up marginally. Dow down.

What seemed to be a negative catalyst for stocks was a report that a White House official commented that tariffs on China could go as high as 50 to 100%. That spooked the market and prices started to ratchet lower.

US stocks break out of recent ranges with a big move higher

  
Analysis, US Market
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Dow and S&P up for the 5th time in 6 trading days

The US major indices all broke above recent up and down trading ranges, and above their 50 day MAs as well.  The major pairs are each up over 1.30%. Big day for equities.

The final numbers are showing:

  • S&P index up 38.16 points or 1.30% to 2975.95. The day moving average is down at 2945.21.
  • NASDAQ index up 139.94 points or 1.75% at 8116.82. The 50 day moving average is down at 8047.98.
  • Dow is up 371.93 points or 1.41% at 26727.40. The 50 day moving average is down at 26563.34.
Apart from the UK’s FTSE which fell by -0.55% on the day on the back of a continuation of the upward momentum in the GBP, the other major indices traded above the 0.0% line for all of the day.   The biggest gainer was the Russell 2000 index of small cap stocks which rose by 1.86%. The NASDAQ composite index tacked on another 1.75% gain after rising by nearly 2% at the highs.

Solid up day for the European stock indices today

  
Analysis, Global Indices
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Major indices are all in the black

The major European stock indices are ending the day with solid gains, helped by decreased attention in Hong Kong, increasing hope for US/China relations, less no-deal risk for the UK, and more dovish Fed officials (the ECB is set to act in September too).
The provisional closes are showing:
  • German DAX, +0.94%
  • France’s CAC, +1.21%
  • UK’s FTSE, +0.60%
  • Spains Ibex, +0.61%
  • Italy’s FTSE MIB, +1.58%
In the benchmark 10 year note sector in Europe, yields are higher as well (with the exception of Italy).
Major indices are all in the blackIn other markets as London/European traders look to exit:
  • spot gold is near unchanged at $1547. The high price reached $1550.23. The low extended to $1533.93
  • WTI crude oil futures are up $2.25 or 4.17% at $56.17. That is near the high price for the day at $56.22. The US impose tighter sanctions on Iran today.
In the US stock market major indices are enjoying solid gains as well.  A snapshot of the market currently shows:
  • S&P index 27 points or 0.93% at 2933.22
  • NASDAQ composite index is up 84 points or 1.07% at 7958.13
  • Dow Jones industrial average is up 212 points or 0.81% at 26329.70
US yields have come off high levels and trade mixed with the longer and up marginally and the shorter end unchanged or down marginally:
US yields are trading mixedA snapshot of the forex market shows that the GBP is still the strongest of the majors (but off earlier higher levels). The JPY and USD remain the weakest.  The CAD  has gotten stronger on stronger oil and a was dovish Bank of Canada statement.

Major US stock indices close with (go on, have a guess!) …. big declines

  
Analysis, US Market
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Ladies and gentlemen, as a special for today only, the four stock codes to watch are

  • U
  • G
  • L
  • and Y
Closing numbers for the big 3 are showing:
  • S&P index down 87.99 points, which is -3.00% at 2,844.06
  • NASDAQ index down 279.54 points or -3.49% at 7,724.53
  • Dow down 772.89 points or -2.92% at 25,712.12
Off lows but not a good day. All three with their biggest daily losses for this year.
The context of the moves today:
  • global growth weaker and weakeneing
  • global trade getting rocked by trade wars
  • The Federal Reserve recently cut and is likely to do so again (a bit of tail and dog, chicken and egg here …. shoose whichever you like)
  • Stock valuations are …. well … high. Some ludicrously so, but they have been for years …
  • what have I missed?

Nasdaq closes at record highs. S&P trades above 3000 for first time, but backs off.

  
Analysis, US Market
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Major indices all closing higher

The major indices in the US are closing higher with the Nasdaq closing at a new record high. The S&P index traded above the 3000 level for the first time ever, but backed off that level. It is still closing higher on the day. The Dow snapped a 3 day losing streak today.
The final numbers are showing:
  • The S&P index, +13.44 points or 0.45% at 2993.07. The high reached 3002.98. The low extended to 2984.61
  • The Nasdaq rose 60.80 points or 0.75% at 8202.53. The high reached 8228.598. The low extended to 8160.56
  • The Dow rose 76 points or 0.29% at 26860.20. The high reached 26983.45 The low extended to 26813.11.
Some winners today:
  • Tesla, +3.85%
  • Micron, +3.75%
  • Beyond Meat, +3.61%
  • General Mills, +2.27%
  • AMD, +1.93%
  • Facebook, +1.77%
  • Nvidia, +1.75%
  • Chevron, +1.69%
  • Pfizer,+1.57%
  • Intuit, +1.53%
  • Alphabet, +1.48%
  • Amazon, +1.46%
  • Exxon Mobil,+1.43%
  • Cisco, +1.40%
  • Disney, +1.34%
  • Microsoft, +1.02%
 Some losers today included:
  • QUALCOMM, -2.86%
  • Target, -2.22%
  • Daimler, -1.57%
  • Deere and Company, -1.56%
  • Charles Schwab, -1.56%
  • Wells Fargo, -1.44%
  • Slack, -1.28%
  • Caterpillar, -1.22%
  • Bank of America, -1.16%
  • Morgan Stanley, -1.10%
  • Goldman Sachs, – 0.87%
  • Citigroup, -0.61%
  • PNC financial, -0.58%
  • Home Depot, -0.58%
  • Twitter, -0.52%
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