[Chart courtesy of MarketWatch.com] The week kicked off on a decidedly down note. Stocks sunk deep into the red on Monday. The major averages suffered sharp losses as the chart above shows. The S&P 500 posted its worst day in more than four months. As explosions rocked the finish line area of the Boston Marathon, stocks extended losses even further …
One Man’s Opinion: Can The US Economy Really Grow By Almost 3% In 2013?
The recent plunge in gold prices indicate commodities are in the overbought region, and some kind of price pullback is likely to take place in near term, though there is some nervousness in the markets due to money-printing by global central banks, says Joe Quinlan, Chief Market Strategist at US Trust – Bank of America. When questioned why he’s bullish …
Retailers And Jobless Claims Helped Push Major Market ETFs To Higher Ground
[Chart courtesy of MarketWatch.com] The market continued its rally to a fourth day after struggling for direction earlier in the session. Two of the three major stock indexes pushed further into record high ground. The Dow Jones industrial average and the S&P 500 rose 0.4% each. They were up as much as 0.6% apiece. The Nasdaq was only fractionally higher. …
Another Wild Run On The Street As The Bull Hits New Records
[Chart courtesy of MarketWatch.com] Stocks were off to the races Wednesday, as the S&P 500 marched to its highest level ever. Markets climbed 1 percent on Wednesday, with both the Dow and S&P 500 ending at historic highs as cyclical shares led the way higher for a second straight day. The S&P 500 finally surged past the record set in …
Market Heads North Close To Record High While Economy Continues South
[Chart courtesy of MarketWatch.com] Stocks surged on Tuesday, with the Dow closing at a record high on a rally in cyclical shares and as earnings season started to heat up. The S&P 500 hit an intraday high of 1,573.89, just below its October 2007 intraday high of 1,576; which is a nice recovery from the losses last week. Investors are …
Index ETFs Are Back To Winning Ways; Europe Rises On German Data
[Chart courtesy of MarketWatch.com] The major index ETFs advanced Monday, shedding early losses as investors grew optimistic first quarter earnings would help equities rebound from their biggest weekly decline of the year. The gains were modest as buyers came in because they needed/wanted additional exposure in equities. Federal reserve Chairman Ben Bernanke is scheduled to address a conference in Atlanta …