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New York CNN —The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. “Mention ‘the Dow’ and, to most people, that means the stock market,” said Art Hogan, chief market strategist at B. Riley Financial, in a note to CNN. It’s just an index that tracks the stock market activity of 30 large US companies, from Amazon to McDonald’s to the Walt Disney Company. Market capitalization measures the total value of a company on the stock market.
Persons: Dow, , Hogan, It’s, “ Dow Jones ”, , Nick Colas, you’re, ” Colas, Daniel Alpert, wasn’t, Goldman Sachs, Colas, I’ve, ” Alpert Organizations: New, New York CNN, Dow Jones, Dow, Riley Financial, CNN, Walt Disney Company, Westwood Capital, Standard Oil, US Steel, Microsoft, Apple Locations: New York, Amazon, Silicon
Marshals have for the first time released data on how many people were shot by their officers or other police working with them. Marshals Service Director Ronald Davis ordered the review last year, saying it reflects the seriousness of shots fired by officers. The report does not include information on whether the shootings were deemed legally justified nor data on more recent shootings, though it does say that those outlined in the report were independently investigated. The aim was to study policies, training, tactics and equipment to figure out ways to make shootings less likely or destructive in the future, the report released Tuesday states. Marshals, and they work with more than 3,500 task force officers from departments around the U.S., the report states.
Persons: It's, Ronald Davis, Marshal, Chase White, , Lee Friedman, Geoffrey Alpert, ” Alpert Organizations: WASHINGTON, U.S, Marshals, Justice Department, FBI, University of Illinois, University of South Locations: Tucson , Arizona, Texas, U.S, Chicago, University of South Carolina
New York CNN —One week ago, right in this here newsletter, I wrote about how Wall Street was having a Zen moment. In the optimistic camp: “The bank crisis-ette is over,” Daniel Alpert, managing partner at Westwood Capital, told me. And it will be the first time the world hears from Fed officials since the collapse of Silicon Valley Bank, thanks to a cosmic twist of timing. But because of the banking turmoil, there is a chance the Fed would decide not to raise rates this time around. If the Fed feels the crisis has passed, Alpert said, it will be emboldened to go for the quarter-point hike.
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