[Chart courtesy of MarketWatch.com] US equities ended mostly higher Wednesday as Wall Street applauded comments from President Obama on the fiscal cliff, and investors lapped up upbeat corporate news, but Apple Inc dragged down the NASDAQ Composite. On the economic front, the Institute for Supply Management reported a slightly faster pace of growth for the US services sector in November, …
US Indexes Ease As Fiscal Cliff Wrangling Continues; Europe Wobbles On Uncertainties
[Chart courtesy of MarketWatch.com] US stocks turned lower, sending the major equity averages down for a second straight day, as Democrats stuck to their guns on raising taxes for the richest Americans and eurozone differences continued to fester over a new banking regulator in the single currency bloc. In the latest round of US budget negotiations, the White House rejected …
More Fiscal Cliff Rhetoric With No Tangible Results; Weak Data Pulls Down Indexes
[Chart courtesy of MarketWatch.com] US equities finished lower as politicians in Washington restarted the rhetoric on how to manage the nation’s fiscal policy, and a measure of factory output showed unexpected contraction in November. The Institute for Supply Management’s index of manufacturing activity dropped to 49.5 in November from 51.7 a month earlier, signaling contraction for the first time since …
Fiscal Cliff Jawboning Reverses Triple Digit Sell Off
Market volatility took on a new meaning today as the Dow rose 107 points after having slid way south to a loss of 112 points early on with all major indexes following suit in similar fashion. To be clear, nothing was resolved in regards to the fiscal cliff issue, but much jawboning by Speaker John Boehner and President Obama threw …
Equities Slip As Budget Worries Overshadow Alleged Greece Deal; Europe Rises
[Chart courtesy of MarketWatch.com] Equity ETFs edged lower as rhetoric over progress on budget negotiations by Senate Majority Leader Harry Reid triggered a late sell off that eclipsed better than expected Economic data and an alleged European deal on Greece aid. Investors mostly shrugged off strong reports on the US economy and positive developments in Europe. The S&P/Case-Shiller 20 city …
Indexes Stall Ahead Of Budget Negotiations; Europe Slips On Greece Worries
[Chart courtesy of MarketWatch.com] The S&P 500 snapped a five-day winning streak in the first full trading session since Wednesday, with stocks finishing mostly lower Monday as investors grew wary ahead of budget negotiations in Washington and Europe struggled to reach a consensus over Greece that would release the next tranche of aid money. After slipping 109 points in early …