[Chart courtesy of MarketWatch.com] Equity ETFs remained range-bound with blue-chips advancing for the fourth day Monday, ahead of the Federal Reserve’s monetary policy meeting and a raft of economic data releases this week, which are expected to support the case for a rate hike and undermine the requirement for another round of assets purchase by the Fed. The Dow Jones …
Last Week In Review: ETF News And Blog Posts To 3/11/2012
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 3/11/2012. Last Tuesday’s sell off took the starch out of upward momentum but, so far, it turned out to be a one day pullback, as the major indexes recovered and recouped their losses over the …
Major Market ETFs Surge As Greece Inches Towards Debt-Swap; EWD Gains, GAZ Tanks
[Chart courtesy of MarketWatch.com] U.S. stocks surged on Thursday as the deadline for the history’s greatest sovereign debt-swap exercise, also crucial for Greece to secure the next-round of bailout money, passed. Thursday’s deal is the (alleged) final barrier to Athens’ securing the second round of bailout money from the International Monetary Fund and the European Union to avoid a messy …
Strong Jobs Data Pushes Equity ETFs Up, ITB Bounces Back, VIX Tanks
[Chart courtesy of MarketWatch.com] Equity ETFs made a strong comeback Thursday, recouping nearly half of previous day’s losses after latest job market data showed recovery is truly gaining traction. Sentiments improved further as news of a possible Greek PSI settlement by Thursday-deadline emerged. Also the Fed devising a new method to keep interest rates low aimed at boosting investments helped …
Dow Witnesses Biggest Fall In Three Months; VXX Soars On Higher Volatility, ERUS Sinks
[Chart courtesy of MarketWatch.com] U.S. stocks suffered their biggest drop this year on Tuesday as fears of a disorderly Greek default loomed large. The DJIA sank by more than 200 points after the US markets witnessed a sell-off following weak economic data from Europe and rising yields on EZ government bonds. As Greece struggles to meet Thursday’s deadline to convince …
U.S. Stocks Decline Despite Rising Service-Sector Index; GAZ Burns Bright, KWT Slumps
[Chart courtesy of MarketWatch.com] U.S. stocks ended lower Monday despite the service-sector gauge advancing in February. The Institute for Supply Management’s non-manufacturing index came in better-than-expected. However, its employment index dropped, while the inflation-measuring price index jumped in January. Not helping the markets were the Chinese lowest growth target in eight years for 2012 and a survey that showed a …