[Chart courtesy of MarketWatch.com] Equities logged a third straight day of gains in late trading Tuesday. Midday, the indexes took steep nosedive (see chart above) following a false AP tweet that indicated that the White House had been the victim of an explosion and that President Obama had been injured. AP confirmed its Twitter account was hacked. Almost immediately following …
Starting The Week On A Positive Note Despite Negative Data
[Chart courtesy of MarketWatch.com] The market returned from the weekend with some modest gains, after the biggest weekly loss in five months for the Standard & Poor’s 500 Index. The S&P 500 increased 0.5 percent while the Dow Jones Industrial Average rose a meager 0.1%. Energy and materials shares were among the best performers of the day on the S&P …
One Man’s Opinion: Has The Commodities Super-Cycle Ended?
In global markets, there’s greater certainty about where the world economy is heading, but there’s no satisfaction in where it’s heading, feels John Lipsky, a professor at John Hopkins University and a former special adviser to the managing director of the International Monetary Fund. Some economies, especially the Asian emerging economies, are doing well again, while some others are not. …
Market Follows Declining Volume
[Chart courtesy of MarketWatch.com] Equity indexes took another hit on Thursday and ended lower across the board. Sellers were in control and buyers were nowhere to be found as most earnings reports failed to impress and the latest round of manufacturing data left disappointment. The Dow Jones industrial average slid 0.56 percent while the Standard & Poor’s 500 Index dropped …
Down, Up, And Down Again…
[Chart courtesy of MarketWatch.com] Domestic equities closed sharply lower across the board today, with all sectors in the red, amid disappointing quarterly results by a batch of companies from Bank of America Corp. to Textron Inc., while commodities resumed their selloff because of ongoing worries over global growth; or lack thereof. The Standard & Poor’s 500 Index declined 1.4 percent …
The Day After… Index ETFs Recover From The Slump
[Chart courtesy of MarketWatch.com] The market quietly opened higher today as the nation is still in shock of the bombings in Boston. Equities snapped back Tuesday after Monday’s nasty sell-off, cheered by better-than-expected March housing starts and a tame reading on consumer prices. The Nasdaq led the way, rising 1.51%; the Standard & Poor’s 500 Index added 1.46%, rebounding from …