[Chart courtesy of MarketWatch.com] The U.S. equity markets extended their winning ways for a third-straight session, with benchmark indexes staging the longest rally since July, as some favorable employment reports and a record high reading in services sector activity suggested that investors may be expecting the Federal Reserve to begin tapering its asset purchases later this month. Meanwhile, gold sank …
Bulls March On Powered By Good Data
[Chart courtesy of MarketWatch.com] Domestic stocks rallied to close higher for a second-straight session, led by automakers and technology companies, as a Senate panel voted to authorize military action in Syria and on the heels of the Federal Reserve releasing an upbeat Beige Book report. The S&P 500 settled higher after regaining its 100-day moving average shortly after the open. …
Major Indexes Edge up Cautiously On Upbeat Economic Data
[Chart courtesy of MarketWatch.com] U.S. equities bounced off afternoon lows to finish in the positive but were far off session highs in choppy action, as investors received many market moving news. Catalysts included upbeat manufacturing reports out of the U.S., China, and Europe with the increasing likelihood of a US-led military response toward Syria, as House Speaker Boehner said that …
ETF/No Load Fund Tracker Newsletter For Friday, August 30, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/08/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-08292013/ ———————————————————— Market Commentary Friday, August 30, 2013 MAJOR INDEX ETFS END AUGUST ON DOWN NOTE U.S. stocks snapped their recent two-day winning streak to fall in a thinly traded session as the S&P 500 index recorded its worst loss since May 2012. Stocks struggled …
Growth Data Supports Stocks’ Advance
[Chart courtesy of MarketWatch.com] Domestic equities managed to close higher for a second straight session, despite an afternoon stumble, thanks to a solid read on the pace of U.S. economic growth and weekly jobless claims remaining near 5-year lows, while the immediate threat of military action against Syria diminished slightly. Meanwhile, gold and crude oil retracted from their recent rally, …
Bulls Prevail Despite Military Tensions
[Chart courtesy of MarketWatch.com] U.S. equity indexes showed a little resiliency and closed higher, recouping some of the losses from two-straight sessions in negative territory, as investors shrugged off disappointing housing data and escalating tensions in Syria. Crude oil prices continued to rally amid political tensions, boosting energy stocks, and the U.S. dollar gained ground. Meanwhile, Treasuries were lower despite …