[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 index fell 0.1 %, staying near its all-time high of 1,890 that it posted a day earlier. The Dow broke even, and the Nasdaq composite fell 0.9% due to poor biotech performance and a selloff of recent “momentum” stocks. Among the big momentum Nasdaq stocks that fell were Tesla …
S&P Reaches New High; GOOGLE To Initiate Stock Split
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks ended the day in positive territory for the fourth straight day on Wednesday, driven largely by positive economic reports on employment. The S&P 500 closed at a new record high of 1,890.90, while the Dow and Nasdaq closed up 0.24% and 0.20% respectively. The report released by the ADP showed that …
Equities Bounce Back, Gold Takes A Dive
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a lively day in the stock market today with equities making a major rebound from the disappointing performance so far this week. In fact, the major indexes nearly regained all of the losses since the start of the week. Until today, the markets were subdued by emerging market turbulence alongside …
Stocks Slump, But Corn Looks Tasty!
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks experienced a late day sell off that brought the benchmark indexes to a 4-month low. The sell-off was primarily a reaction to the weak December jobs report and the Fed’s comments about further reducing the stimulus. The December jobs report claimed that only 74,000 jobs were added in December, which …
US Equity ETFs Vacillate As Blue-Chips Retreat; INXX Soars, VXX Tanks
[Chart courtesy of MarketWatch.com] US equities wavered Monday with the blue-chip Index closing lower while the broader markets gained modestly as investors remained uncertain about the European debt crisis following the outcome of French and Greece elections. Yield on 10-year notes continues to trade at three-month lows as investors continue to buy world’s safest assets in an increasingly uncertain environment. …