[Chart courtesy of MarketWatch.com] Major market ETFs rallied for the second day Thursday, marking its biggest two-day gain in 2012, as the Federal Reserve signaled continuation of low interest rate and accommodative monetary policies to avoid a slowdown. Sentiments were also buoyed after data released by the Chinese central bank showed new loan volumes were higher than estimated, reducing fears …
Equity ETFs Reverse Losing Streak After Five Days; TAN Shines, VXX Sinks
[Chart courtesy of MarketWatch.com] Equity ETFs rebounded Thursday following a streak of five down days that had wiped out more than 3 percent of the major indices, as concerns over Spain eased and hopes for better-than-expected profits rose ahead of the earnings season following Alcoa’s surprise profit surge. US Treasuries retreated after six sessions of gains amid rumors that Madrid …
US Stocks Slip For Fifth Day; VXX Surges, GAZ Tanks
[Chart courtesy of MarketWatch.com] US stocks closed sharply down Tuesday, extending losses for the fifth session as fear trade gathered steam over Eurozone’s financial health. All the three major stock indices tumbled more than 1.5 percent after the spread between Spanish and German bond yields surged in European trade, bringing back memories of the Greek crisis just before the beginning …
US Equity ETFs Suffer Delayed Fall On Weak Jobs Data; VXX Rises For The Fifth Day While GAZ Slips
[Chart courtesy of MarketWatch.com] Following the government’s nonfarm payrolls report on Friday that showed companies added fewer jobs than forecast, US stocks suffered their biggest loss in over a month on Monday, reacting on the first trading day since the report was published last week. Analysts however, attributed Monday’s pull-back to profit booking by investors, pointing out average monthly job-addition …
US Stocks End Mixed; VXX Rallies On Fear, EWO Tanks
US stocks ended mixed Thursday with the broad market ETFs retreating for the third successive day in a shortened week, as worries over Spanish debt crisis returned to haunt Wall Street. All the indices closed lower for the week despite better weekly claims data ahead of Friday’s nonfarm payrolls reading for March. As equities sank, US Treasuries marched ahead for …
Equity ETFs Retreat Over Europe Worries; VXX Jumps, GDXJ Lags
[Chart courtesy of MarketWatch.com] US stocks slipped to their lowest level in nearly a month Wednesday following a weak Spanish bond auctions report that revived the specter of the Greek debt crisis being repeated. Markets were also spooked as investors remained worried about how markets would react without further monetary stimulus from the Federal Reserve, as the bunch bowl got …