[Chart courtesy of MarketWatch.com] The major indexes finished mixed today with the Dow Jones Industrial Average sinking for the first time in three days after Spanish Prime Minister Mariano Rajoy contradicted a previous Reuters report that said the country could seek help from the European Union as early as this weekend. The Dow Jones Industrial Average (DJIA) closed 33 points …
Equities Fizzle After Bernanke Speech Disappoints; Europe Ends Higher On ISM Data
[Chart courtesy of MarketWatch.com] US equity ETFs ended the first day of the quarter mostly higher after data released by the Institute for Supply Management showed US manufacturing activity rose to 51.5 in September, marking its first expansion in four months. However, risk appetite diminished after Fed Chairman Ben Bernanke said headwinds to the economy due problems in Europe and …
Stocks Snap Losing Streak After Spain Budget; Europe Rises After Choppy Day
[Chart courtesy of MarketWatch.com] US stocks bounced back Thursday with the S&P 500 snapping its five-day losing streak after Spain officially released its 2013 budget outlining more spending cuts than tax hikes, a move seen by markets as a key development before the debt stricken country formally seeks ECB intervention. Risk sentiment was boosted further after last week’s initial jobless …
Domestic Equities Continue Their Slide Despite Dead Cat Bounce; Spain Weighs On Europe
[Chart courtesy of MarketWatch.com] As violent protests march through Europe, major US ETF stock indexes retreated Wednesday with the S&P 500 tumbling for the fifth day in a row as investors moved to the sidelines and cut exposure in equities. Markets were spooked following media reports that Catalonian President Artur Mas called for early elections yesterday during with an eye …
Equities Slump After Phil Fed Talk; Europe Rises On US Data
[Chart courtesy of MarketWatch.com] US stocks gave up early gains Tuesday to hit a two-week low despite positive reports on US housing and consumer confidence after Philadelphia Fed President Charles Plosser said the central bank’s latest debt purchase program is unlikely to boost growth. Equities had moved north earlier after a Conference Board report showed US consumer confidence surged in …
Equity Indexes End Lower Over Europe, Growth Worries; Greece Concerns Surface Again
[Chart courtesy of MarketWatch.com] US stocks lost traction Monday with the S&P 500 extending losses over the weekend for the third straight day as data from China and Germany indicated global recovery is slowing while Europe squabbled over the deadline of proposed banking oversight system. The Dow Jones Industrial Average (DJIA) lost 21 points while the S&P 500 Index (SPX) …