[Chart courtesy of MarketWatch.com] As violent protests march through Europe, major US ETF stock indexes retreated Wednesday with the S&P 500 tumbling for the fifth day in a row as investors moved to the sidelines and cut exposure in equities. Markets were spooked following media reports that Catalonian President Artur Mas called for early elections yesterday during with an eye …
Equities Slump After Phil Fed Talk; Europe Rises On US Data
[Chart courtesy of MarketWatch.com] US stocks gave up early gains Tuesday to hit a two-week low despite positive reports on US housing and consumer confidence after Philadelphia Fed President Charles Plosser said the central bank’s latest debt purchase program is unlikely to boost growth. Equities had moved north earlier after a Conference Board report showed US consumer confidence surged in …
Equity Indexes End Lower Over Europe, Growth Worries; Greece Concerns Surface Again
[Chart courtesy of MarketWatch.com] US stocks lost traction Monday with the S&P 500 extending losses over the weekend for the third straight day as data from China and Germany indicated global recovery is slowing while Europe squabbled over the deadline of proposed banking oversight system. The Dow Jones Industrial Average (DJIA) lost 21 points while the S&P 500 Index (SPX) …
Treasury Yields Fall To Erase Fed-Fueled Jump; US Equities Stuck On Growth Worries
[Chart courtesy of MarketWatch.com] US equities mostly closed lower even as blue-chip stocks managed to cling onto modest gains after economic reports from the US, China, Japan and Europe increased concern the global economic recovery is worsening. Chinese manufacturing slowed down for the 11th straight month in September after a HSBC preliminary purchasing manager’s index reading ticked up slightly to …
US Stocks Inch Higher On Housing; Europe Gains On Japanese Stimulus
[Chart courtesy of MarketWatch.com] US stocks snapped a two-day mini-decline to finish slightly higher Wednesday after existing US home sales came in better than estimated while Japan announced additional monetary stimulus to boost a stagnating economy. The indexes turned lower early on following a Commerce Department report that showed housing starts in August grew at 2.3 percent to an adjusted …
Market Indexes Dip On Europe Worries; Banks, Oil Firms Drag Europe Lower
[Chart courtesy of MarketWatch.com] Despite the housing market showing signs of improvement in September, US stocks closed mostly lower for the second straight day Tuesday on uncertainties in Europe as Spain continues to drag its feet over seeking a formal bailout from the European Central Bank despite Spanish 10-year borrowing costs edging higher in recent auctions. My view of why …