[Chart courtesy of MarketWatch.com] The major indexes finished Wednesday with slim gains after the Federal Reserve’s Beige Book showed the US economy grew gradually across 12 districts with improving service-sector and retail activity offset by weak manufacturing. On another dull August trading day, stocks remained largely range-bound after the release of mixed economic reports on the day. A Commerce Department …
US Equities Leak As Retail Sales Disappoint; CORN Pops
[Chart courtesy of MarketWatch.com] US equities finished lower Monday as retail sales dropped unexpectedly for the third straight month, even though economists had forecasted a slight increase, raising concerns about the economic recovery that ultimately pushed down two of the three indexes for the seventh session in last eight. US Treasury five-year yields fell to a record low of 0.60 …
US Equities Go Nowhere As Jitters Grow Ahead Of Q2 Results; Merkel Seen At Wimbledon
[Chart courtesy of MarketWatch.com] US stocks finished lower Monday, extending their losing streak for the third straight day as investors became jittery on worries that profits will fall compared to the first quarter after Corporate America lowered earnings forecast as the second quarter earnings season takes off. US government debt rallied led by the 30-year bonds as Italy’s 10-year bond …
Major Market ETFs Slide On Services Data; JJG Surges, EWP Sinks
[Chart courtesy of MarketWatch.com] The Major Market ETFs ended mostly lower Thursday as weak US services data combined with a coordinated interest rate cut by the European Central Bank and the People’s Bank of China subdued investors’ risk appetite. Yields on US Treasuries dropped as investors rushed to buy safe-haven assets amid indications that the global recovery is faltering. The …
Dow Slips As Manufacturing Disappoints; Worst NYSE Volume In Over A Decade
[Chart courtesy of MarketWatch.com] The S&P 500 and NASDAQ ended shrugged off early weakness to close modestly higher, while the Dow Industrials closed slightly lower Monday after ISM data showed US manufacturing shrank unexpectedly in June for the first time since July 2009. Volume was the worst on the NYSE in a decade and, even when compared to other July …
US Stocks Rise Again On Fed Stimulus Hopes; Will Bernanke Deliver?
[Chart courtesy of MarketWatch.com] US stocks rallied Tuesday, adding more than one percent for the day on hopes of extension of the Operation Twist as the US central bank’s two-day long FOMC meeting started today. Resilient housing data for May boosted sentiments further, pushing US indexes to a five-week high. Treasuries declined after three continuous gain-days amid growing chatters that …