[Chart courtesy of MarketWatch.com] U.S. equity ETFs edged lower erasing earlier gains despite upbeat domestic auto sales figures for June and a stronger-than-forecasted report on factory orders. Selling pressure was fueled in-part by the escalating political turmoil in Egypt along with euro weakness after reports indicated the International Monetary Fund and Eurozone officials gave Greece three days to prove its …
Bulls Kick-Off Year’s Second Half On Solid Data
[Chart courtesy of MarketWatch.com] Stocks started hot on Monday with strong gains across the board; the second half of the year began in the same positive fashion as the first half, rebounding from Friday’s sell-off. But volume lagged all day, and prices cooled down by day’s end. Upbeat manufacturing reports from the U.S., Japan, and the Eurozone among others helped …
One Man’s Opinion: Did The Fed’s Taper-Talk Come Earlier Than Expected?
Federal Reserve Chairman Ben Bernanke’s announcement that the central bank could slow down its assets purchase program by September triggered a sell-off in the fixed-income markets, pushing yields higher. The Fed’s move, however, seems to have come a little earlier than anticipated, says Ira Jersey, interest-rate strategist at Credit Suisse Group AG. Asked if he agreed that the economy is …
Make It Three In The Row
[Chart courtesy of MarketWatch.com] U.S. stocks climbed for a third straight day today, allowing the Dow Jones Industrial Average to close above 15,000 again and sending the Standard & Poor’s 500 Index to its biggest three-day rally since January. Several Federal Reserve policymakers threw a big assist by jawboning the markets higher with comments that the central bank is not …
Negative Releases Boost Index ETFs…Again!
[Chart courtesy of MarketWatch.com] U.S. stocks rallied for a second day on Wednesday, recouping some recent losses as slower-than-forecast economic growth fueled speculation the Federal Reserve will maintain stimulus. The Dow Jones Industrial Average rose 150 points (1.0%) to 14,910, the Standard & Poor’s 500 Index added 15 points (1.0%) to 1,603, while the Nasdaq Composite gained 28 points (0.8%) …
Strong Data Set Off Market Rebound; Domestic TTI Inches Back Above The Line
[Chart courtesy of MarketWatch.com] Bulls got some much needed fuel to push U.S. equity markets higher, the most in nearly two weeks thanks to a slew of upbeat domestic economic reports. The Dow Jones Industrial Average rose 101 points (0.7%) to 14,760; the Standard & Poor’s 500 Index rebounded from a nine-week low, added 15 points (1.0%) to 1,588, while …