[Chart courtesy of MarketWatch.com] US equity ETFs retreated Monday as political uncertainty in Europe continued to dominate the headlines with French President Nicholas Sarkozy losing the first round of elections to socialist presidential aspirant Francois Hollande. Hollande has been openly hostile to Sarkozy’s austerity proposals and has vowed to tax the rich if voted to power. The Netherlands’ coveted AAA …
Last Week In Review: ETF News And Blog Posts To 4/22/2012
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 4/22/2012. Last Tuesday’s strong rebound gave encouragement to the bulls, but there was no upside follow through, so the markets meandered with a downward bias for the remainder of the week. While some are focusing …
US Stocks Retreat On Weak Data And Europe Crisis; FBT Pops, TYH Tanks
[Chart courtesy of MarketWatch.com] Stocks ended lower for the second day in a row Thursday as unease over Europe and weak US economic data eclipsed the positive Q1 earnings readings. Treasury yields dropped for the second day in a row as US jobless claims and existing home sales data failed to meet expectations, increasing the attractiveness of US assets. The …
US Equity ETFs End Lower As Tech Falters; VXX Rises, EWP Sinks
[Chart courtesy of MarketWatch.com] US equity ETFs ended lower Wednesday with the broad indices retreating a day after the markets posted their biggest gains in a month, as technology bellwethers Intel Corp and IBM Corp’s results came in below (already lowered) expectations. Treasuries advanced as concern over the European sovereign-debt crisis deepened before a crucial Spanish debt auction Thursday, spurring …
Major Market ETFs Rally As Worries Over Spain Ease; URA Shines, VXX Sinks
[Chart courtesy of MarketWatch.com] All major market ETFs pushed higher Tuesday as robust demand for Spanish debt eased global worries over a European contagion; at least for the time being, and until the next disaster strikes. The Dow breached the psychologically important 13,000 mark for the first time in more than a week as investors analyzed the quarter’s earnings data. …
US Equities End Mixed On Europe Concerns; ICF Crawls Up, VXX Sinks
[Chart courtesy of MarketWatch.com] US equities ended mixed Monday despite higher corporate earnings and better-than-estimated retail sales boosting sentiments as investors weighed US economic data with a contagion possibility in Europe. Heavy selling in the tech area more than offset a rebound in blue-chip stocks, dragging the major US indices down. Yield on benchmark 10-year Treasuries consolidated below the 2-percent …