[Chart courtesy of MarketWatch.com] US stocks pulled back sharply Wednesday with the S&P 500 posting its fourth down session in a row, as investors became concerned over growth, or the lack thereof, after aluminum producer Alcoa cut its global demand outlook citing weak Chinese demand. Chevron’s warning on third quarter profits weighed on the Dow Industrials after the oil conglomerate …
Equities Tumble Ahead Of Earnings Season; Europe Drops After IMF Forecast
[Chart courtesy of MarketWatch.com] Equities plunged today with the S&P 500 and NASDAQ extending losses for the third straight day as investors chose to remain on the sidelines while third quarter earnings season started unofficially. The Dow Jones Industrial Average (DJIA) slipped 110 points, finishing lower for the second day in a row. The 30-stock blue chip index turned overtly …
Earnings Worries Pull The Major Indexes Off Their Highs; Europe Stumbles
There was no surprise in this corner as Wall Street pulled back in anticipation of a weak earnings season with the 11-quarter year over year streak of gains being in jeopardy. Even though expectations have been ‘dumbed’ down, it’s still questionable whether this very low bar can even be conquered. If not, we’re in for a pullback, which is long …
ETF/No Load Fund Tracker Newsletter For Friday, October 5, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10042012/ ———————————————————— Market Commentary Friday, October 5, 2012 US RALLY LOSES STEAM AS JOBS DRIVEN ADVANCE FADES; EUROPE HEADS HIGHER ON US JOBS REPORT US equities closed mixed Friday, but posted weekly gains after initial euphoria over a significant drop in US unemployment rate faded, …
Economic Report, ECB Spur Bank Rally; Europe Wobbles
[Chart courtesy of MarketWatch.com] US stocks jumped Thursday with the Dow registering its third gain session in four after the latest jobless report beat estimates, and the US Fed said it allegedly can manage risks arising out of the latest round of balance sheet expansion. Sentiment got a boost after a Labor Department report revealed initial unemployment benefits claims rose …
US Indexes Edge Higher On Data; Europe Ends Lower On Spain Jitters
US indexes finished marginally higher Wednesday as improved services sector and payroll data lifted investor sentiments but the gains were pared after China’s official non-manufacturing PMI reading for August dropped to the lowest level since March 2011. The Institute for Supply Management’s non-manufacturing index that covers nearly 90 percent of the economy rose to 55.1 in September from 53.7 in …