Market volatility took on a new meaning today as the Dow rose 107 points after having slid way south to a loss of 112 points early on with all major indexes following suit in similar fashion. To be clear, nothing was resolved in regards to the fiscal cliff issue, but much jawboning by Speaker John Boehner and President Obama threw …
Equities Slip As Budget Worries Overshadow Alleged Greece Deal; Europe Rises
[Chart courtesy of MarketWatch.com] Equity ETFs edged lower as rhetoric over progress on budget negotiations by Senate Majority Leader Harry Reid triggered a late sell off that eclipsed better than expected Economic data and an alleged European deal on Greece aid. Investors mostly shrugged off strong reports on the US economy and positive developments in Europe. The S&P/Case-Shiller 20 city …
Indexes Stall Ahead Of Budget Negotiations; Europe Slips On Greece Worries
[Chart courtesy of MarketWatch.com] The S&P 500 snapped a five-day winning streak in the first full trading session since Wednesday, with stocks finishing mostly lower Monday as investors grew wary ahead of budget negotiations in Washington and Europe struggled to reach a consensus over Greece that would release the next tranche of aid money. After slipping 109 points in early …
One Man’s Opinion: Will Europe return to growth in 2013?
Latest data shows German business confidence has firmed up after hitting a 2-1/2 year low, indicating a bottoming out for the economy, although overall data across Europe has been flattish, says Laurent Fransolet, head of European interest-rate strategy at Barclays Plc. The PMI survey results throughout Europe have been generally better than the actual hard data and even-though it’s too …
Equities Inch Higher On Economy, Mideast; Europe Edges Up While Greece Lingers
[Chart courtesy of MarketWatch.com] US equities managed to eke out modest gains with major averages hitting a near two-week high after a ceasefire deal was announced between Israel and Hamas in Egypt, propelling the S&P 500 and NASDAQ Composite into the expansionary territory for the fourth straight session. In the US, weekly jobless claims dropped to 410,000, a Labor Department …
US Rally Fizzles As HP Plunge Offset Housing Gains; Europe Buoyed By Mideast Hope
[Chart courtesy of MarketWatch.com] Capping a choppy trading session, US stocks finished little changed Tuesday after an early rally triggered by an increase in housing starts in October was offset by a sharp sell-off in Hewlett-Packard shares. The looming budget negotiations on tax hikes and spending cuts continued to weigh on investors after Federal Reserve Chairman Ben Bernanke urged lawmakers …