[Chart courtesy of MarketWatch.com] U.S. equities extended yesterday’s solid losses as a gauge of Wall Street anxiety hit its highest level in more than three months with equity markets showing growing concern over no indication of progress from lawmakers on budget and debt ceiling negotiations. A disappointing debt auction of one-month Treasury bills, which saw the rate almost triple the …
Stocks Dive Heading Into Second Week Of Shut Down
[Chart courtesy of MarketWatch.com] U.S. equities fell on Monday, extending two weeks of losses, amid the continued stalemate in Washington over a budget for the fiscal year, exacerbated by concerns surrounding the looming debt ceiling deadline. It was a poor start to the week for the equity market and the same thing could be said for politics in Washington. The …
Floating Lower
[Chart courtesy of MarketWatch.com] Domestic equities slipped for the second-straight session on Thursday, with the Standard & Poor’s 500 Index dropping the most in a month, as global and domestic investors continue to anxiously await resolutions from Congress to solve Washington’s budget crisis. The situation has now partially shut down the government for three days, while the debt ceiling limit …
Shut Down Pressures Stocks
[Chart courtesy of MarketWatch.com] U.S. equities ended slightly in the red after spending most of the session in a steady climb off the opening low, as domestic markets erased chunks of yesterday’s gains during the second day of the partial government shutdown. Adding to worries is the report of a disappointing private sector job growth, which could be the only …
Stocks Ignore Shutdown; Buyers Step In
[Chart courtesy of MarketWatch.com] After falling to a three-week low yesterday, U.S. equity markets closed the trading session higher to begin the new month and quarter, led by some upbeat manufacturing activity data despite the first partial government shutdown in 17 years. Investors for now appeared confident that the situation would be short-lived. After dropping seven out of the past …
Bears Awaiting Government Shut Down
[Chart courtesy of MarketWatch.com] U.S. equities were broadly lower, as lawmakers on Capitol Hill continued to quarrel about spending issues with today’s midnight deadline to avoid a partial government shutdown, which is now quickly approaching. Moreover, Italian political turmoil and a disappointing manufacturing activity read from China exacerbated sentiment. Meanwhile, Treasuries were higher following stronger-than-expected reads on domestic regional manufacturing …