[Chart courtesy of MarketWatch.com] Domestic equities rose marginally with the Dow Industrials capping its longest wining streak since 1996 after data showed retail sales increased in February the most in five months, bolstering confidence in the world’s largest economy. Economic numbers from Europe dampened sentiment before markets opened today. Data released by the EU statistics office showed industrial production fell …
Stocks Close Mostly Lower, But Dow Hits Record; European Stocks End Flat
[Chart courtesy of MarketWatch.com] US stocks closed mostly lower Tuesday as the S&P 500 snapped a seven day winning spree, but the blue-chip Dow Industrials staged a late-session turnaround to finish at a record high for the sixth straight day. Meanwhile, amid the continuing saga of Washington’s budget wars, House Republicans introduced a plan to cut the deficit to $528 …
Index ETFs Continue Record Run As S&P Nears Record High; Europe Eases On Italy
[Chart courtesy of MarketWatch.com] US indexes continued their record run Monday with the S&P 500 rising within nine points of the all-time high, while a gauge of market volatility slipping to the lowest level in six years as banks rallied and Apple Inc gained. Stocks tumbled earlier after National Bureau of Statistics data showed Chinese industrial output grew 9.9 percent …
One Man’s Opinion: Will Sequestration Hurt Job Creation And Temper Growth?
Friday’s nonfarm payrolls number certainly comes as a welcome break for investors who have been worried that the Fed’s ultra loose monetary policy has failed to stimulate the real economy. However, the pace of recovery is likely to slow down, says Alan Krueger, chairman of the White House Council of Economic Advisers, adding the so-called sequestration is going to hurt …
Dow Continues Record Run As Jobless Claims Dip; Europe Slips On ECB
[Chart courtesy of MarketWatch.com] US indexes continued their upward momentum with the Dow Industrials closing at a new record high as the number of Americans who filed for unemployment benefits fell to a six-week low, showing further improvement in the labor market. Ahead of Thursday’s open, the Labor Department said initial applications for unemployment benefits fell unexpectedly to 340,000 last …
Dow Industrials Extend Record High On Jobs Data; Europe Retreats From 4 ½ Year High
[Chart courtesy of MarketWatch.com] US indexes finished mostly higher with the Dow Jones Industrial Average extending its record high after a private report showed companies hired more workers than forecast and the Federal Reserve said the economy is growing. Ahead of the opening bell, a report by Automatic Data Processing Inc. showed US companies added 198,000 workers in February, exceeding …