[Chart courtesy of MarketWatch.com] US broad markets closed mostly lower Monday, meandering south as weaker-than-estimated economic data weighed on investors’ mind. This is the year’s first monthly decline as weak consumer spending growth and the soft reading of the Chicago area business-activity index dragged markets down, though the Dow ended the month slightly higher, its longest streak since Jan 2007. …
Last Week In Review: ETF News And Blog Posts To 4/29/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 4/29/2012. Strong earnings, despite lowered expectations, were the main story last week, which powered the major indexes higher despite some very questionable economic reports. A low GDP number failed to damp enthusiasm, and the S&P …
The Weekly Interview: Will The Fed Rescue The Markets Again Via QE-3?
Now that the Q1 GDP number has come lower than expected, are we going to witness another round of quantitative easing after the present “Operation Twist” ends in June? Mark Luschini, Chief Investment Strategist at Janney Montgomery Scott doesn’t think so, especially in an election year. The yield on 10-year Treasuries is still low below 2 percent. As investors continue …
US stocks melt up on earnings, housing data; GASL gains, VXX drops
[Chart courtesy of MarketWatch.com] US stocks continued with their winning streak for the third straight day Thursday as better-than-estimated housing data overshadowed concerns over a weak job market and mixed corporate earnings readings. The S&P 500 index topped the 1,400 mark in intraday trading for the first time in three weeks as software company Citrix Systems raised their 2012 outlook. …
Major Market ETFs Continue In Rally Mode, Advance For The Second Day; XLK Pops, VXX Tanks
[Chart courtesy of MarketWatch.com] Major Market ETFs gained for the second straight day Wednesday as investors offered muted reactions to the news that the Fed is keeping its interest rate target unchanged and cheered strong Q1 performance from big US companies including Apple and Boeing. Following Wednesday’s Federal Open Market Committee meeting in Washington, Chairman Ben Bernanke dropped enough hints …
US Markets Close Mixed As Tech Stocks Slip; KRU Pops, GAZ Drops
[Chart courtesy of MarketWatch.com] US stocks closed mixed Tuesday with the broad market holding onto gains as investors welcomed encouraging Q1 corporate results, while Netflix’s weaker-than-expected outlook weighed NASDAQ down. Apple Inc came under selling pressure ahead of its earnings report after the close. As was hoped for, Apple delivered beyond expectations which may bode well for a positive opening …