[Chart courtesy of MarketWatch.com] Domestic equity markets finished the month on a mixed note following a relatively positive statement release by the Federal Reserve affirming no changes to current monetary policy and a stronger-than-expected private sector job report from ADP. Stocks held slim gains into the afternoon when the latest policy directive from the Federal Open Market Committee sent the …
Mixed Earnings—Index ETFs Are Going Nowhere Fast
[Chart courtesy of MarketWatch.com] U.S. index ETFs finished nearly unchanged, while the Nasdaq was able to post a modest gain as traders again appeared guarded ahead of tomorrow’s monetary policy decision from the Federal Reserve. A rebound in Japanese equities, along with some favorable global earnings reports, a more than five-year high in German consumer sentiment, and another solid gain …
Fed Back In Headlines As Investors Stay Cautious
[Chart courtesy of MarketWatch.com] The major U.S. equity index ETFs finished modestly lower, pulling back before this week’s Federal Reserve meeting that could signal when the Fed is going to begin reducing its bond purchases aimed at helping the economic recovery. Key upcoming events kept traders at bay, with Wednesday’s Fed policy decision and Friday’s U.S. nonfarm payroll report looming …
ETF/No Load Fund Tracker Newsletter For Friday, July 26, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07252013/ ———————————————————— Market Commentary Friday, July 26, 2013 DOWN EARLY, BUT UP LATE Despite starting the day sharply lower, the U.S. equity markets eked out gains to close the Friday session marginally higher. Stocks started the day to the downside in the wake of a …
Late Rally Helps Index ETFs Overcome Mixed Data
[Chart courtesy of MarketWatch.com] U.S. equity indexes eked out gains, showing some resilience in the face of headwinds from mixed earnings reports and economic data. The broader market’s advance was modest after another round of mixed earnings reports. Specifically, PulteGroup Inc was sharply lower after the homebuilder’s results missed analysts’ forecasts, while General Motor’s stronger-than-anticipated results were overshadowed by continued …
Profit-Taking Pulls Stocks Down Despite Upbeat Data
[Chart courtesy of MarketWatch.com] Wall Street backed off record highs despite a jump in U.S. new home sales to the highest level in five years and an unexpected expansion for Eurozone manufacturing activity. The Standard & Poor’s 500 Index suffered its first-two day drop in a month, as losses in utility and commodity shares more than offset gains in the …