[Chart courtesy of MarketWatch.com] U.S. equity indexes showed a little resiliency and closed higher, recouping some of the losses from two-straight sessions in negative territory, as investors shrugged off disappointing housing data and escalating tensions in Syria. Crude oil prices continued to rally amid political tensions, boosting energy stocks, and the U.S. dollar gained ground. Meanwhile, Treasuries were lower despite …
Syria Tensions Take Down Stocks
[Chart courtesy of MarketWatch.com] Major Index ETFs suffered the worst day since June slumping in a broad decline as geopolitical concerns over a possible US-led military response against Syria worsened, overshadowing data showing an unexpected improvement in Consumer Confidence, a rise in housing prices, and a jump in regional manufacturing activity. The S&P 500 closed below its 100-day moving average, …
Stocks Dive After Kerry Blasts Syria
[Chart courtesy of MarketWatch.com] After spending most of the day in positive territory, U.S. equities lost steam in the final hour of trading to end mostly lower, halting two days of gains, after U.S. Secretary of State John Kerry called Syria’s use of chemical weapons “undeniable.” Once again, a larger-than-expected decline in July’s durable goods orders report did little to …
ETF/No Load Fund Tracker Newsletter For Friday, August 23, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/08/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-08222013/ ———————————————————— Market Commentary Friday, August 23, 2013 BULLS ADVANCE DESPITE HOUSING SALES SLUMP Domestic equity markets were able to hold onto gains and close Friday’s trading session higher, as investors weighed how a sharp decline in U.S. new home sales may affect the Federal …
Bulls Show Signs Of Life, Finally
[Chart courtesy of MarketWatch.com] U.S. equity index ETFs finally snapped their six-day losing streak to finish higher, thanks to some encouraging reads on manufacturing in the U.S., China and Europe, despite a lackluster weekly jobless claims figure and a halt in trading on the Nasdaq. The second-largest U.S. stock exchange ceased trading on all securities, remaining dormant for three hours …
Tug-Of-War Gives Bears The Upper Hand
[Chart courtesy of MarketWatch.com] Investors were anxiously waiting to see when the Fed would start to slow its $85 billion monthly asset purchases, with most predicting September as the beginning of the end of the aggressive quantitative easing program, known as QE4. However, the Fed’s report offered no additional insight into the timing, keeping the taper anxiety of late intact. …