[Chart courtesy of MarketWatch.com] The Standard & Poor’s 500 Index extended its rally to a fifth day as major U.S. equity indices closed the trading day positive. For much of Thursday, markets were boosted by a number of earnings beats and encouraging jobless numbers from the Labor Department; but gave back some gains late after reports that Germany’s central bank …
Index ETFs Fail to Find Direction; Mixed Finish
[Chart courtesy of MarketWatch.com] Investors are left with little convictions as a result of disconcerting earnings results and a disappointing read on US durable goods orders. The market closed marginally lower at the Dow while extended gains in the Standard & Poor’s 500 Index to a fourth day. More than three stocks rose for every two that fell on U.S. …
Markets Crash Briefly Over White House Bomb Fake
[Chart courtesy of MarketWatch.com] Equities logged a third straight day of gains in late trading Tuesday. Midday, the indexes took steep nosedive (see chart above) following a false AP tweet that indicated that the White House had been the victim of an explosion and that President Obama had been injured. AP confirmed its Twitter account was hacked. Almost immediately following …
Starting The Week On A Positive Note Despite Negative Data
[Chart courtesy of MarketWatch.com] The market returned from the weekend with some modest gains, after the biggest weekly loss in five months for the Standard & Poor’s 500 Index. The S&P 500 increased 0.5 percent while the Dow Jones Industrial Average rose a meager 0.1%. Energy and materials shares were among the best performers of the day on the S&P …
One Man’s Opinion: Has The Commodities Super-Cycle Ended?
In global markets, there’s greater certainty about where the world economy is heading, but there’s no satisfaction in where it’s heading, feels John Lipsky, a professor at John Hopkins University and a former special adviser to the managing director of the International Monetary Fund. Some economies, especially the Asian emerging economies, are doing well again, while some others are not. …
Market Follows Declining Volume
[Chart courtesy of MarketWatch.com] Equity indexes took another hit on Thursday and ended lower across the board. Sellers were in control and buyers were nowhere to be found as most earnings reports failed to impress and the latest round of manufacturing data left disappointment. The Dow Jones industrial average slid 0.56 percent while the Standard & Poor’s 500 Index dropped …