[Chart courtesy of MarketWatch.com] U.S. equities were broadly lower, as lawmakers on Capitol Hill continued to quarrel about spending issues with today’s midnight deadline to avoid a partial government shutdown, which is now quickly approaching. Moreover, Italian political turmoil and a disappointing manufacturing activity read from China exacerbated sentiment. Meanwhile, Treasuries were higher following stronger-than-expected reads on domestic regional manufacturing …
Losing Streak Comes To A Halt
[Chart courtesy of MarketWatch.com] U.S. equities closed the trading day higher, halting the longest slump this year for the Standard & Poor’s 500 Index, as investors welcomed a better-than-expected jobless report, which overshadowed concern that a budget impasse could hurt economic growth. Meanwhile, Treasuries were mostly lower following the upbeat employment data, which was accompanied by an unrevised 2.5% rate …
Congress Battles Heat Up; Turning Stocks Red
[Chart courtesy of MarketWatch.com] U.S. equities concluded a lackluster day of trading hovering near the flatline during the final hour of the session, before ultimately ended lower, extending their recent slide to a fourth session as worries over a possible U.S. government shutdown added to investor caution. The market’s recent losses mark the longest losing streak since last month for …
Confusion Continues Thanks To Fed And Congress
[Chart courtesy of MarketWatch.com] U.S. equity indexes declined for a third straight session today amid the continued uncertainty surrounding the Federal Reserve’s timing over tapering and the U.S. fiscal fight brewing in Washington. Meanwhile, treasuries ended higher following a preliminary report that showed growth in U.S. manufacturing activity unexpectedly decelerated. Technology stocks, however, found some support from Apple’s announcement of …
Investors Mull Over Fed’s Decision
[Chart courtesy of MarketWatch.com] Worry returned to Wall Street today, a day after stocks surged to record highs following the Federal Reserve’s decision to continue its stimulus of the economy. The S&P 500 Index and the Dow 30 both retreated, while the Nasdaq gained ground, as traders contemplated a plethora of positive U.S. economic reports. Meanwhile, gold had its biggest …
Traders Say “Thanks, Fed”
[Chart courtesy of MarketWatch.com] Domestic equity markets erased early losses and closed the trading session solidly higher after the Federal Open Market Committee failed to announce plans to reduce the pace of its asset purchases, as many had expected. The S&P 500 jumped 1.2%, erasing an earlier decline of as much as 0.3 percent and closing at a record high …