[Chart courtesy of MarketWatch.com] US stocks ended in the red Wednesday, losing more than one percent after reports suggested that the European Central Bank has rejected the recently nationalized Bankia group’s bailout plea. The ECB issued a statement Wednesday stating it was not consulted and can’t recapitalize Spain’s fourth largest bank. US Treasuries soared as investors sought refuge in safe …
Equity ETFs Rebound On Week’s First Trading Day; CHIM Vaults, VXX Tanks
[Chart courtesy of MarketWatch.com] As recent polls suggested that Greece is moving towards honoring its commitments ahead of next month’s elections, US stocks rose one percent Tuesday even as US consumer confidence reading dropped unexpectedly in May and home prices dipped further. Sentiment was buoyed further as investors hoped that central banks globally would provide further stimulus and China would …
US Broad Markets End Losing Streak; EWP Pops, KWT Drops
[Chart courtesy of MarketWatch.com] US broad markets ended higher with the NASDAQ dropping after blue-chips reversed their longest losing streak in nine months following a dip in jobless claims. Investors, however, remained cautious as Europe wavered over Greece’s possible exit from the monetary union. Treasuries cut losses as investor-demand for safe-haven US debts remained strong, though yields rose for the …
ETF/No Load Fund Tracker Newsletter For Friday, April 20, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04192012/ ———————————————————— Market Commentary Friday, April 20, 2012 US BROAD MARKET EDGES HIGHER ON EARNINGS US stocks mostly ended higher Friday with two indices reversing a two-week losing streak and recouping early week losses, as Wall Street welcomed another round of decent earnings from American …
US Equity ETFs End Lower As Tech Falters; VXX Rises, EWP Sinks
[Chart courtesy of MarketWatch.com] US equity ETFs ended lower Wednesday with the broad indices retreating a day after the markets posted their biggest gains in a month, as technology bellwethers Intel Corp and IBM Corp’s results came in below (already lowered) expectations. Treasuries advanced as concern over the European sovereign-debt crisis deepened before a crucial Spanish debt auction Thursday, spurring …
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 …