[Chart courtesy of MarketWatch.com] Major market ETFs got spanked on Thursday closing lower for the fifth straight day with the Dow industrials retreating for the 11th out of 12 sessions when the Philly Fed manufacturing index contracted unexpectedly to -5.8 in May from 8.5 in April as export growth slowed. Treasury 10-year yields headed towards record lows as Greece’s future …
US Equity ETFs Slide As Greece’s Exit Continues To Loom; VXX Surges, GLDX Plummets
[Chart courtesy of MarketWatch.com] US equity ETFs retreated Tuesday, while the Dow inched towards its four-month low as developments from eurozone kept investors edgy despite steady economic numbers from the home-front. US retail sales grew by 0.1 percent in April, while CPI reading changed little for the month. The New York Empire State Index showed manufacturing bounced bank in May, …
Equity Markets Celebrate A Delayed “Sinko De Mayo;” Fear Of Greece Exit From EU Spooks US Stocks
[Chart courtesy of MarketWatch.com] US equities sank Tuesday as the Greek political uncertainty continued to haunt markets though major indexes managed to cut losses and clawed back to recoup earlier losses. Good thing, because for a while serious downside prospects loomed very large. As Athens struggled to form a coalition government, Treasury yields sank to a three-month low as demand …
Major Market ETFs Slide Ahead Of Friday’s Jobs Data; UNG Shines, GAZ Tanks
[Chart courtesy of MarketWatch.com] US stocks declined for the second day as investors took a cautious stance ahead of the US government’s monthly jobs report on Friday and digested mixed earnings reports. That should come as no surprise, as the jobs report is one of the most widely anticipated data points with market moving powers. Investor sentiment got a boost …
US Equities End Mixed On Europe Concerns; ICF Crawls Up, VXX Sinks
[Chart courtesy of MarketWatch.com] US equities ended mixed Monday despite higher corporate earnings and better-than-estimated retail sales boosting sentiments as investors weighed US economic data with a contagion possibility in Europe. Heavy selling in the tech area more than offset a rebound in blue-chip stocks, dragging the major US indices down. Yield on benchmark 10-year Treasuries consolidated below the 2-percent …
US Stock Rally Runs Out Of Steam; VXX Floats, VNM Sinks
[Chart courtesy of MarketWatch.com] US stocks took a break to close lower Tuesday, as the day’s economic data gave investor’s little reason to cheer about after Monday’s rally. Treasuries rallied today showing not everybody believed that the bond bear market started Monday when economic reports showed decline in home consumer confidence and prices. Demand for US debt was well supported …