[Chart courtesy of MarketWatch.com] Index ETFs advanced Tuesday, with the S&P 500 Index rebounding to within two points of its record and the Dow Industrials hitting a new high, after US durable goods orders rose more than estimated in February and home prices jumped the most since June 2006. The Commerce Department reported orders for durable goods rose 5.7 percent …
One Man’s Opinion: Will The Fed Continue To Buy $85 Billion A Month In Assets Through 2013?
The US Federal Reserve will continue with its $85 billion-a-month assets purchase-program at least till the third quarter of 2013, feels Neil Datta, the Head of US Economics at Renaissance Macro Research. Given the Fed’s propensity to air on the side of caution, the likelihood is that they keep buying into early 2014, he noted. The Fed made it clear …
US Stock Indexes Decline As Europe, Oracle Weighs; Europe Slides On German Data
[Chart courtesy of MarketWatch.com] US stocks slumped today, posting there biggest slide in nearly a month, as weak eurozone economic data, the continued crisis in Cyprus and disappointing quarterly earnings of Oracle Corp. eclipsed better-than-estimated American economic data. Early Thursday, the European Central Bank said it may cut off emergency funding to Cypriot banks if it fails to reach a …
Fed’s ‘All-Clear’ Lifts US Equities; Europe Recovers From Cyprus Drop
[Chart courtesy of MarketWatch.com] Equities recovered from yesterday’s minor pullback, with the S&P 500 Index snapping its first three-day decline of the year, after the Federal Reserve said it would continue to support the US recovery (AKA continuing its relentless money printing efforts) while eurozone leaders mulled options for Cyprus. Speaking to reporters at the conclusion of the two-day FOMC …
Index ETFs Still Affected By Cyprus; European Stocks Slump On Concern Cyprus To Reject Bank Tax
[Chart courtesy of MarketWatch.com] US equity averages ended mixed with the Dow Industrials eking out a slight gain, and the S&P 500 Index extending its longest slump of the year as Cyprus’ rejection of a bailout levy eclipsed economic data that showed growth in new home construction. Stocks retreated as lawmakers rejected an unprecedented levy on bank deposits, throwing into …
Cyprus Drags Down Wall Street; Europe Bruised By Cyprus Bank-Deposit Levy
[Chart courtesy of MarketWatch.com] US indexes fell for a second day, after the Dow Industrials reached record highs last week as a controversial bank tax levied by euro-area leaders on Cypriot bank deposits in return for a bailout reminded investors Europe’s debt problems are far from over. Equities fell hard at the start as investors grew worried by news that …