[Chart courtesy of MarketWatch.com] Equity ETFs mostly advanced today with the Dow Jones Industrial Average hitting a five-year high after data released showed continued improvement in housing and companies including Pfizer and Valero Energy reported earnings that beat estimates. The indexes picked up pace and rallied as the S&P/Case-Shiller index of US property values rose 5.5 percent in November after …
S&P 500 Clings To 1,500 Level As Housing Disappoints; Europe Mixed
[Chart courtesy of MarketWatch.com] US equity indexes mostly finished lower with the S&P 500 snapping its longest rally since 2004 as a decline in pending home sales offset a rise in durable-goods orders while investors seemed reluctant to make fresh purchases after four weeks of gains. The Commerce department said orders for durable goods rose 4.6 percent in December after …
One Man’s Opinion: Will US Equities Rise As The Budget Deficit Shrinks?
The Federal Reserve balance sheet has nearly tripled in size to $3 trillion over the last few years, which is a cause for concern, says David Kelly, chief market strategist at JP Morgan Funds. The US Fed has loaded up their balance sheet with a pile of very bad assets, i.e. very low yielding bonds, and eventually they have to …
Tech Shares Decline As Apple Slumps; S&P 500 Touches 1,500 Level; Europe Rises On Upbeat PMI Data
[Chart courtesy of MarketWatch.com] The major market indexes mostly rose Thursday, with the Dow Jones gaining for a fifth day and the S&P 500 briefly topping the 1,500 mark as an unexpected drop in unemployment claims and upbeat corporate results offset the worst decline for Apple Inc in four years. Apple Inc slumped 12 percent to $450.50 after reporting the …
Tech Stocks Push US Equity ETFs Higher; Europe Rises Ahead Of US Debt Vote
[Chart courtesy of MarketWatch.com] US stocks closed higher Wednesday as technology stocks rallied amid upbeat earnings result and lawmakers voted to temporarily suspend the federal debt limit, helping the S&P 500 post its sixth straight day of gains that saw the benchmark index hitting a new five-year high. Equities received support earlier after the Republican-controlled House of Representatives voted to …
The Relentless Equity March Continues; Europe Slips
[Chart courtesy of MarketWatch.com] US stocks gained Tuesday with the S&P 500 and the Dow finishing at fresh five-year highs amid better-than-expected quarterly results from corporations including insurer and Dow component Travelers Cos Inc. Equity averages were briefly dented earlier, offering the only buying opportunity of the day, after a report from the National Association of Realtors showed US existing-home …