[Chart courtesy of MarketWatch.com] US equity markets staged a harsh downside reversal Wednesday and closed the trading day lower in the wake of the remarks from Fed Chairman Ben Bernanke and minutes from the recent policymakers meeting that sparked fears of less easing in the near future. The Dow Jones Industrial Average lost 80 points (0.5%) to 15,307, the S&P …
Stocks Defend Gains Ahead Of Fed’s Outlook
[Chart courtesy of MarketWatch.com] Another record day as the Dow and the S&P 500 closed at new all-time highs. Markets got a leg up due to stronger-than-expected earnings and guidance from Dow member Home Depot, and further amplified by comments from two Federal Reserve officials that suggested that the Central Bank hasn’t yet set a course to taper its bond-buying …
Index ETFs Back Off Slightly On Lack Of News And Direction
[Chart courtesy of MarketWatch.com] The markets started the week lower, by and large there just wasn’t a lot of conviction on the part of either buyers or sellers. Amid a dormant economic calendar, stocks spent time on both sides of the flat line, but never put a whole lot of distance between themselves and that point for most of the …
ETF/No Load Fund Tracker Newsletter For Friday, May 17, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05162013/ ———————————————————— Market Commentary Friday, May 17, 2013 BULLS NOWHERE TO GO BUT UP Stocks continued their climb into uncharted territory today and more than made up for yesterday’s sell off. The Dow Jones Industrial Average and the Standard & Poor’s 500 finished at fresh …
Too Much Bad News To Handle
[Chart courtesy of MarketWatch.com] After trading in a narrow range through out the day, US index ETFs finished lower as investors turned negative following lackluster economic data and mixed earnings reports. Today snapped a string of record-high closes. The Dow Jones Industrial Average (DJIA) depreciated 42 points (0.3%) to 15,233, the S&P 500 Index was 8 points (0.5%) lower at …
Defying Negative Data
[Chart courtesy of MarketWatch.com] Despite disappointing US industrial production and regional manufacturing reports, the major domestic equity markets were able to continue their recent rally and finish the trading session higher. The Dow Jones Industrial Average added 60 points (0.4%) to 15,276, the S&P 500 Index was 8 points (0.5%) higher at 1,659, setting another record in nine of the …