[Chart courtesy of MarketWatch.com] U.S. equities were broadly lower, as lawmakers on Capitol Hill continued to quarrel about spending issues with today’s midnight deadline to avoid a partial government shutdown, which is now quickly approaching. Moreover, Italian political turmoil and a disappointing manufacturing activity read from China exacerbated sentiment. Meanwhile, Treasuries were higher following stronger-than-expected reads on domestic regional manufacturing …
ETF/No Load Fund Tracker Newsletter For Friday, September 27, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09262013/ ———————————————————— Market Commentary Friday, September 27, 2013 UNSOLVED GOVERNMENT SHUT DOWN SINKS STOCKS Domestic equity markets closed the trading session in the red on Friday, and the S&P 500 and Dow posted their first weekly drop in four, as sentiment continued to remain hamstrung …
Losing Streak Comes To A Halt
[Chart courtesy of MarketWatch.com] U.S. equities closed the trading day higher, halting the longest slump this year for the Standard & Poor’s 500 Index, as investors welcomed a better-than-expected jobless report, which overshadowed concern that a budget impasse could hurt economic growth. Meanwhile, Treasuries were mostly lower following the upbeat employment data, which was accompanied by an unrevised 2.5% rate …
Major Index ETFs Slip And Slide As Spending Battle Begins
[Chart courtesy of MarketWatch.com] Domestic equity markets fell today and the S&P 500 put in a fifth day of losses, its longest losing streak since the end of 2012, following some diverging domestic economic reports. Including today’s decline, the benchmark index has surrendered 1.9% since last Thursday. Treasuries were higher amid the U.S. fiscal uncertainty and after durable goods orders …
Congress Battles Heat Up; Turning Stocks Red
[Chart courtesy of MarketWatch.com] U.S. equities concluded a lackluster day of trading hovering near the flatline during the final hour of the session, before ultimately ended lower, extending their recent slide to a fourth session as worries over a possible U.S. government shutdown added to investor caution. The market’s recent losses mark the longest losing streak since last month for …
Confusion Continues Thanks To Fed And Congress
[Chart courtesy of MarketWatch.com] U.S. equity indexes declined for a third straight session today amid the continued uncertainty surrounding the Federal Reserve’s timing over tapering and the U.S. fiscal fight brewing in Washington. Meanwhile, treasuries ended higher following a preliminary report that showed growth in U.S. manufacturing activity unexpectedly decelerated. Technology stocks, however, found some support from Apple’s announcement of …