[Chart courtesy of MarketWatch.com] US stocks finished higher with the Dow Industrials erasing losses since the Election Day and the S&P 500 rising for the fifth straight day as optimism grew that the Federal Reserve will announce more stimulus when wrapping up its final meeting of the year tomorrow and awaited progress on federal budget negotiations in Washington hopefully comes …
Indexes Rise On Budget Hopes, China; Europe Tracks Higher; Stunning Video Demonstrates US Debt
[Chart courtesy of MarketWatch.com] The major market indexes finished modestly higher with the S&P 500 index extending tiny gains into the fourth straight session, it’s longest since August after economic data in China beat estimates, overshadowing political uncertainties in Europe and the continued stalemate over budget negotiations in Washington. Europe was back in the spotlight after Italian Prime Minister Mario …
One Man’s Opinion: Will Tax Hikes Push The US Economy Back Into Recession?
Friday’s better-than-anticipated jobs number makes it a little bit easier for President Obama to hike taxes on the wealthy, says Barry Knapp, Head of Equity Strategy at Barclays Capital. However, on close examination, you’ll see earnings-growth has been very tepid and total hours worked has remained flat. In other words, every one-tenth of that total hours worked is worth …
Apple Rebound Boosts US Stocks Amid Cliff Negotiations; Europe Gains On German Factory Orders
[Chart courtesy of MarketWatch.com] US stocks advanced for the second straight day Thursday as Apple Inc bounced back from its biggest drop in nearly four years and technology stocks showed strength. But the gains were capped as investors avoided making big bets as long as a budget deal remained elusive in Washington. The indexes continued in roller coaster mode pushed …
Uncertainty Reigns As Apple Weighs On NASDAQ; Europe Rises As Nokia Rallies
[Chart courtesy of MarketWatch.com] US equities ended mostly higher Wednesday as Wall Street applauded comments from President Obama on the fiscal cliff, and investors lapped up upbeat corporate news, but Apple Inc dragged down the NASDAQ Composite. On the economic front, the Institute for Supply Management reported a slightly faster pace of growth for the US services sector in November, …
7 ETF Model Portfolios You Can Use – Updated through 12/4/2012
With the looming fiscal cliff as the backdrop, the major indexes meandered and then pulled back with the S&P 500 managing to eke out a 0.6% gain since last week’s ETF Model Portfolio report. There is no secret that nothing matters much other than the latest battle news from the fiscal cliff participants, as the fronts appear to harden almost …