Markets Move Lower; No Good News From Greece

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets shifted lower today amidst mixed domestic data, higher bond yields and (believe it or not) renewed concerns over Greece. After a myriad of budget cuts, a million lost jobs, 250,000 closed businesses and nearly 240 billion euros ($267 billion USD) in rescue loans, the country is once again on the brink …

Dow Continues Riding High; Great Day For Media Stocks

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow kept trucking forward further into record territory for a fourth straight day, ending the day up 0.5% at a new all-time high of 17,138.20. The S&P 500 and Nasdaq also rode the momentum of the blue-chip index higher, gaining 0.44% and 0.22% each. Numerous investor eyes turned to Time Warner …

Equities Snap Two-Day Losing Streak; Bye Bye Nook Biz

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[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks snapped a two-day losing streak despite the anticipated news that the economy shrank 2.9% in the first quarter. The S&P 500 gained 0.5%, the Dow rose 0.3% and the Nasdaq posted the largest gain of 0.68%. The general sentiment about the lackluster first quarter mostly relates to the ‘arctic’ winter that …

Stocks Make A Comeback; Radioshack To Close More Stores

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[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks returned with a bang today and once again we saw the S&P 500 close out the day at a new record high. Yesterday, the Ukraine conflict had investors biting their nails, but as tensions eased today (with Putin saying he would only use force as a last resort) those same investors …

Stocks Back On Top; ECB Not To Drop Interest Rates

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[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks here in the U.S. had their best gain in 7 weeks today. The S&P 500 (SPX) closed up 1.24%, the Dow (DJIA) closed up 1.22% and the Nasdaq Composite (COMP) finished the day 1.1% higher. What seemed to have the biggest impact on markets today was the data on weekly jobless …

Major Market ETFs Continue To Retreat On Europe Worries; International Trend Tracking Index (TTI) Slips Into Bear Market Territory

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[Chart courtesy of MarketWatch.com] US stocks bounced back to pare losses suffered earlier in the day though all the three major market indexes closed lower Wednesday as the Greece political drama weighed on investor sentiment. Treasuries rose as Europe continued to witness political turmoil following Greece’s failure to form a coalition government, driving the today’s 10-year auction-yield to record low …