[Chart courtesy of MarketWatch.com] I did not think it was possible that the markets were actually able to lose a face-off with gravity after their relentless and almost uninterrupted ascent since mid-November. Even the by now well documented afternoon “lift-a-thon” was notably absent, as the major market indexes took their cue from Europe and produced their worst loss of this …
Indexes Rise On Budget Hopes, China; Europe Tracks Higher; Stunning Video Demonstrates US Debt
[Chart courtesy of MarketWatch.com] The major market indexes finished modestly higher with the S&P 500 index extending tiny gains into the fourth straight session, it’s longest since August after economic data in China beat estimates, overshadowing political uncertainties in Europe and the continued stalemate over budget negotiations in Washington. Europe was back in the spotlight after Italian Prime Minister Mario …
Indexes Stall Ahead Of Budget Negotiations; Europe Slips On Greece Worries
[Chart courtesy of MarketWatch.com] The S&P 500 snapped a five-day winning streak in the first full trading session since Wednesday, with stocks finishing mostly lower Monday as investors grew wary ahead of budget negotiations in Washington and Europe struggled to reach a consensus over Greece that would release the next tranche of aid money. After slipping 109 points in early …
Equities Get Bruised Again; Middle East Weighs; Europe Sinks
[Chart courtesy of MarketWatch.com] Equities finished sharply lower Wednesday to extend losses into the third straight session this week, as major averages fell to multi-month lows over concerns about the upcoming budget debate. Markets turned jittery on news of conflict between Israel and Palestine, wiping out an early tech-driven rally. Stocks were on the decline after Egypt recalled its ambassador …
Equities Log Modest Gains Ahead Of Elections; Europe Turns Lower On Greece
[Chart courtesy of MarketWatch.com] US equities posted modest gains Monday as investors turned cautious ahead of what’s expected to be a tight presidential election Tuesday. Earlier losses were driven by concerns over a worsening European debt crisis. Greek Prime Minister Antonis Samaras will fight it out in the parliament later this week seeking another round of tax hikes and spending …
US Markets To Reopen Wednesday; BP, Deutsche Bank Lift Europe
[Chart courtesy of MarketWatch.com] Traders are bracing for a volume surge Wednesday when US stock markets reopen after being shuttered for two days to deal with the devastating effects of Hurricane Sandy that triggered an unexpected shutdown on Wall Street. An average of 3.5 billion shares have been changing hands everyday throughout much of the month, but traders say that …