[Chart courtesy of MarketWatch.com] US stocks bounced back Thursday with the S&P 500 snapping its five-day losing streak after Spain officially released its 2013 budget outlining more spending cuts than tax hikes, a move seen by markets as a key development before the debt stricken country formally seeks ECB intervention. Risk sentiment was boosted further after last week’s initial jobless …
Domestic Equities Continue Their Slide Despite Dead Cat Bounce; Spain Weighs On Europe
[Chart courtesy of MarketWatch.com] As violent protests march through Europe, major US ETF stock indexes retreated Wednesday with the S&P 500 tumbling for the fifth day in a row as investors moved to the sidelines and cut exposure in equities. Markets were spooked following media reports that Catalonian President Artur Mas called for early elections yesterday during with an eye …
Equity Indexes End Lower Over Europe, Growth Worries; Greece Concerns Surface Again
[Chart courtesy of MarketWatch.com] US stocks lost traction Monday with the S&P 500 extending losses over the weekend for the third straight day as data from China and Germany indicated global recovery is slowing while Europe squabbled over the deadline of proposed banking oversight system. The Dow Jones Industrial Average (DJIA) lost 21 points while the S&P 500 Index (SPX) …
Market Indexes Dip On Europe Worries; Banks, Oil Firms Drag Europe Lower
[Chart courtesy of MarketWatch.com] Despite the housing market showing signs of improvement in September, US stocks closed mostly lower for the second straight day Tuesday on uncertainties in Europe as Spain continues to drag its feet over seeking a formal bailout from the European Central Bank despite Spanish 10-year borrowing costs edging higher in recent auctions. My view of why …
US Indexes Trim Losses While Europe Tumbles Ahead Of ECB Meeting
[Chart courtesy of MarketWatch.com] US equity indexes started September on a weak note as investors’ concern that the economy was slowing over weak manufacturing data was somewhat tempered by hopes the European Central Bank will intervene to tame the continent’s debt crisis. Here we go again. We will find out soon if Mario Draghi’s promise to deliver a European solution …