[Chart courtesy of MarketWatch.com] US stock indexes extended losing their streak Thursday, dropping to their lowest levels since 2010 with the blue-chip Dow halting its winning streak in May. Investor sentiment sank following a report from payroll-services firm ADP that showed US companies added fewer jobs in May than the forecasted 157,000. At 133,000, unemployment rate is expected to remain …
US Stocks Slide As Spanish Storm Looms; ZROZ Soars,
[Chart courtesy of MarketWatch.com] US stocks ended in the red Wednesday, losing more than one percent after reports suggested that the European Central Bank has rejected the recently nationalized Bankia group’s bailout plea. The ECB issued a statement Wednesday stating it was not consulted and can’t recapitalize Spain’s fourth largest bank. US Treasuries soared as investors sought refuge in safe …
Equity ETFs Rebound On Week’s First Trading Day; CHIM Vaults, VXX Tanks
[Chart courtesy of MarketWatch.com] As recent polls suggested that Greece is moving towards honoring its commitments ahead of next month’s elections, US stocks rose one percent Tuesday even as US consumer confidence reading dropped unexpectedly in May and home prices dipped further. Sentiment was buoyed further as investors hoped that central banks globally would provide further stimulus and China would …
ETF/No Load Fund Tracker Newsletter For Friday, May 25, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05242012/ ———————————————————— Market Commentary Friday, May 25, 2012 MAJOR MARKET ETFs END WEEK HIGHER; IDX CRASHES Equity ETFs tumbled Friday but closed the week higher, snapping a three-week losing streak as investors concerns over a looming banking crisis in Spain overshadowed a surprisingly strong consumer …
US Stocks Fight Back Clinging To Rumors After Sharp Initial Fall; GLDX Glitters, GAZ Sinks
[Chart courtesy of MarketWatch.com] US stocks fought back in the final hour of trading Wednesday despite witnessing sharp declines with the NASDAQ and the S&P 500 reclaiming the green territory even though the threat of a possible Greece exit continues hang over the markets. If things look desperate, hanging on to the latest rumor can restore momentum as ZeroHedge points …
Major Market ETFs In Stall Speed As Concern Over Europe Lingers; VXX Soars, GDXJ Tanks
[Chart courtesy of MarketWatch.com] Wall Street closed flat Tuesday despite surging in early trade as worries over Europe overshadowed upbeat US economic reports. The above chart says it all. The markets turned choppy in the last hour of trading as Dow Jones Newswire reported that former Greek Prime Minister Lucas Papademos has said Greece is preparing to leave the 17-member …