[Chart courtesy of MarketWatch.com] Moving the Markets Even President-elect Trump’s early remarks that “I am going to bring down drug prices” couldn’t prevent the major indexes from storming into record territory with the exception being Healthcare-names as the Biotech ETF IBB got flattened by losing -2.94%. It started in Europe where, despite the worsening Italian banking crisis, which is counting …
US Equities Get Spanked; AKA When Good News Is Bad News
[Chart courtesy of MarketWatch.com] 1. Moving The Markets What a difference a day makes. After the markets fell in love with yesterday’s Fed minutes, which caused a nice rebound rally, today it was back to reality as the major indexes reversed affected by the same suspects during the last sell off, namely technology and biotech sectors with IBB losing 5.61%. …
Bulls Out In Force
[Chart courtesy of MarketWatch.com] Domestic stock markets surged to close at the highs of the day, marking the second-best single day gains year-to-date, on signs that the fiscal stalemate on Capitol Hill may be beginning to thaw. The Dow rocketed over 300 points while the market rally left the S&P 500 less than 2 percent away from its record closing …
Bulls Dismiss Negativities And Volatilities
[Chart courtesy of MarketWatch.com] Stocks opened a new trading week with gains Monday in a choppy session, despite dismal data which supported views the Federal Reserve will keep economic stimulus in place. The Dow Jones Industrial Average rose 138 points (0.9%) to 15,254, the S&P 500 Index moved 10 points (0.6%) higher to 1,640, and the Nasdaq Composite appreciated by …
Equities Flat Ahead Of Budget Talks; Europe Slips Over Greece Uncertainty
[Chart courtesy of MarketWatch.com] US equities finished mostly flat with investors sticking to the sidelines before talks to head off tax hikes and automatic spending cuts that would begin in January as uncertainty over Greece and Europe still loomed on the horizon. Chinese exports grew the fastest in five months, topping estimates at over 11 percent, a report over the …
Equities Rally On Strong Economic Data—Gasoline ETF Booms As Pump Prices Gain
[Chart courtesy of MarketWatch.com] Strong economic data drove US equities higher today paring yesterday’s losses with the S&P climbing to a near ten-month high. Major indexes are already in the green on the week after investors were greeted with better-than-expected unemployment data on Thursday. A strong report on German economic outlook boosted sentiments further. The stock markets have performed well …
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