[Chart courtesy of MarketWatch.com] Domestic stocks pared better economic-data driven early gains Tuesday in the final trading hour, after media reports suggested Greece was set to seek more time to meet its budget-deficit reduction targets. As if more time would really make a difference. The Financial Times of London suggested Greece is expected to propose 1.5 percent deficit reduction annually …
US Equities End Mostly Lower As Japanese GDP Disappoints; Europe Slips On German Lawsuit
[Chart courtesy of MarketWatch.com] US equties mostly declined Monday after six straight up sessions as weak Japanese Q2 GDP reading weighed on investors despite a successful auction of Italian bonds that somewhat eased market concerns on Europe. Both the S&P 500 and the Dow Industrials ended the day modestly lower as investors rushed to take profits while the NASDAQ recovered …
Major Market ETFs End Near Flat On Lowest Volume In 5 Years As Investors Move To The Sidelines
[Chart courtesy of MarketWatch.com] US stocks changed little Thursday with the Dow Industrial slipping after four up sessions while the S&P 500 and the tech-heavy NASDAQ managing to extend their winning streak as US economic data surprisingly came in stronger than estimated. The US dollar gained further against the single-currency as hopes of ECB intervention to halt the decline of …
Markets Hit Pause Button As Equity Rally Fades; Investors Looking For Direction From The ECB
[Chart courtesy of MarketWatch.com] The US equity rally faded after three straight up days with Wall Street turning cautious even as the Dow industrials and S&P 500 managed to stay in the green while the NASDAQ slipped. European stocks ended marginally higher as Europe chose to ignore the region’s negative economic data and focus on the possibility of an early …
Major Indexes Extend Weekending Rally Even As Europe Dithers; TAN Shines, VIXY Fades
[Chart courtesy of MarketWatch.com] Major market indexes closed higher Monday extending Friday’s rally as investors remained positive over news of lower Spanish and Italian borrowing costs and a stronger-than-expected jobs report last Friday. The Dow Jones Industrial Average (DJIA) rose 21 points paring the day’s 91-point gain. Within the Dow, the breadth remained positive with 19 of the index’s 30 …
RDQ Economics: Mario Draghi Needs To Deliver On His Pledges
There has been much disappointment over European Central Bank President Mario Draghi’s apparent failure to initiate another round of bond purchases from the secondary markets to bring down Spanish and Italian 10-year yields. While Draghi signaled the central bank intends to buy sovereign bonds to bring down borrowing costs, he conceded that differences with the German Bundesbank remain over the …