[Chart courtesy of MarketWatch.com] Amid a benign read on consumer price inflation and a report that showed homebuilder sentiment remains near an eight-year high, U.S. equities advanced on Tuesday on expectations the Federal Reserve will make only moderate changes to its stimulus at the conclusion of its two-day meeting. There wasn’t a whole lot of trading action as volume was …
Major Indexes Rise On Prospective Fed Chairman Summers Withdrawal
[Chart courtesy of MarketWatch.com] One uncertainty factor was removed from the markets today as prospective Fed Chairman Summers called it quits before a two-day Fed meeting scheduled to start tomorrow. The markets took this as a positive, and the rally was on. The Dow and S&P 500 gave back some of their early gains but managed to close solidly on …
Green Streak Comes To An End
[Chart courtesy of MarketWatch.com] The U.S. Federal Reserve was back in the spotlight again as traders worried that the Fed would begin to scale back its monetary stimulus when it meets on Tuesday and Wednesday next week. U.S. equity averages fell, halting a seven-day win streak for the Standard & Poor’s 500 Index as materials producers slid amid growing concern …
Major Index ETFs Rise On Syria Development
[Chart courtesy of MarketWatch.com] The Dow and S&P 500 Index continued their recent upward drive, amidst easing concerns over possible U.S.-led military action against Syria, while the Nasdaq closed lower as Apple Inc’s biggest decline since April weighed on the index. The Standard & Poor’s 500 Index advanced to a one-month high, the seventh straight winning session. Market nervousness abated …
Bulls Win For 6th Straight Day
[Chart courtesy of MarketWatch.com] Amid more upbeat global economic news and concerns over a U.S.-led strike on Syria continuing to wane, U.S. equities closed with solid gains as the S&P 500 advanced for the sixth straight session. Chinese economic data showed stronger-than-anticipated reads on industrial production, retail sales and lending activity, while Syrian Foreign Minister announced that the country has …
China Helps Nasdaq To End At Highest Since 2000
[Chart courtesy of MarketWatch.com] Global economic optimism, courtesy of a stronger-than-expected read on Chinese August exports and a sharp upward revision to Japan’s 2Q GDP growth, helped to propel stocks to start the week. U.S. markets closed sharply higher on Monday, with the Nasdaq ending at its highest level since September 2000. Sentiment was also lifted by merger activity and …