[Chart courtesy of MarketWatch.com] US stocks slumped today, posting there biggest slide in nearly a month, as weak eurozone economic data, the continued crisis in Cyprus and disappointing quarterly earnings of Oracle Corp. eclipsed better-than-estimated American economic data. Early Thursday, the European Central Bank said it may cut off emergency funding to Cypriot banks if it fails to reach a …
Fed’s ‘All-Clear’ Lifts US Equities; Europe Recovers From Cyprus Drop
[Chart courtesy of MarketWatch.com] Equities recovered from yesterday’s minor pullback, with the S&P 500 Index snapping its first three-day decline of the year, after the Federal Reserve said it would continue to support the US recovery (AKA continuing its relentless money printing efforts) while eurozone leaders mulled options for Cyprus. Speaking to reporters at the conclusion of the two-day FOMC …
Index ETFs Still Affected By Cyprus; European Stocks Slump On Concern Cyprus To Reject Bank Tax
[Chart courtesy of MarketWatch.com] US equity averages ended mixed with the Dow Industrials eking out a slight gain, and the S&P 500 Index extending its longest slump of the year as Cyprus’ rejection of a bailout levy eclipsed economic data that showed growth in new home construction. Stocks retreated as lawmakers rejected an unprecedented levy on bank deposits, throwing into …
Cyprus Drags Down Wall Street; Europe Bruised By Cyprus Bank-Deposit Levy
[Chart courtesy of MarketWatch.com] US indexes fell for a second day, after the Dow Industrials reached record highs last week as a controversial bank tax levied by euro-area leaders on Cypriot bank deposits in return for a bailout reminded investors Europe’s debt problems are far from over. Equities fell hard at the start as investors grew worried by news that …
ETF/No Load Fund Tracker Newsletter For Friday, March 15, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/03/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-03142013/ ———————————————————— Market Commentary Friday, March 15, 2013 DOW RETREATS AFTER 10-DAY STREAK OF GAINS; EUROPE SLIPS US stock indexes retreated, sending the Dow Industrials lower for the first time in 11 days and containing the S&P 500 just as it neared its record close …
Jobless Data Lifts S&P 500 To Near Record; Europe Stocks Rise To 4 ½ Year High On US Rally
[Chart courtesy of MarketWatch.com] US stocks climbed today, sending the Standard & Poor’s 500 index within two points of its all-time closing high and lifting the Dow to yet another record high, after government data showed jobless claims dropped unexpectedly last week to the lowest level in almost two months in a sign the economy is expanding. Earlier in the …