[Chart courtesy of MarketWatch.com] US equities remained just about flat with a slight negative bias today, snapping a two-day winning streak as investors chose to hold back ahead of the central bank meetings and monthly jobs report later this week. The Dow Jones Industrial Average (DJIA) lost 3 points, with the index’s heaviest component JP Morgan Chase (JPM) leading the …
Will The US Q2 GDP Number Trigger Another Round Of Quantitative Easing?
Friday’s GDP growth number may not be the best, but it’s still much better than the European nations, particularly when compared to the horrible UK number that we saw this week, says Peter Dixon, global equities economist at Commerzbank AG in London. The economy clearly shows a downside risk since growth momentum slowed down to 1.5 percent in Q2 from …
US Stocks Surge On Draghi’s Euro Pledge; EWP Flies, VIXY Crashes
[Chart courtesy of MarketWatch.com] US stocks rallied Thursday after European Central Bank President Mario Draghi said in London the central bank will do whatever is required to preserve the euro, boosting investor sentiment. The timing of his announcement was perfect, as there was no opposing view with German chancellor Merkel having gone on vacation, which may make the effect on …
Riding The Range: US Indexes End Mostly Lower On Weak Earnings; IGN Jumps
[Chart courtesy of MarketWatch.com] US market indexes finished mostly lower today with the Dow Industrials snapping its three-day long losing streak and held up by gains of AT&T and Boeing, while the S&P 500 tanked for the fourth straight session, and the tech-heavy NASDAQ tripped by biggest-component Apple’s rare earnings miss. The Dow Jones Industrial Average (DJIA) closed 59 points …
US Equites Head South As Greece Takes Center Stage Again; VIXY Vaults, EWP Sinks
[Chart courtesy of MarketWatch.com] US equities headed south again, extending losses for the third straight day amid fresh concerns over Greece at a time when its bigger neighbors Spain and Italy are clearly heading for trouble. The “troika” of the International Monetary Fund, the European Council and the European Central Bank reached Athens amid speculations that the country will miss …
Europe Worries Pulls Major Market ETFs Lower; VIXY Spikes, EWG Crashes
[Chart courtesy of MarketWatch.com] Major market ETFs posted their second straight loss Monday with all three indexes finishing lower over investors’ concern that Spain may request a full-fledged bailout package, triggering a sell-off and boosting the greenback. The Dow Jones Industrial Average (DJIA) finished off 101 points, or 0.8 percent, recovering from an early near 240-point fall. Within the Dow, …