[Chart courtesy of MarketWatch.com] US stocks rallied late Tuesday with the NASDAQ Composite Index topping the 3,000 level for the first time since Nov. 15, 2000, ahead of an earlier-than-due release of Federal stress-test results of the nation’s biggest banks. JP Morgan Chase’s announcement of higher dividends, better retail sales number in February, and the Fed’s decision to continue with …
Equity ETFs Remain Range-Bound As Investors Remains Skeptical; CORN Grows, KWT Flickers
[Chart courtesy of MarketWatch.com] Equity ETFs remained range-bound with blue-chips advancing for the fourth day Monday, ahead of the Federal Reserve’s monetary policy meeting and a raft of economic data releases this week, which are expected to support the case for a rate hike and undermine the requirement for another round of assets purchase by the Fed. The Dow Jones …
U.S. Stocks Decline Despite Rising Service-Sector Index; GAZ Burns Bright, KWT Slumps
[Chart courtesy of MarketWatch.com] U.S. stocks ended lower Monday despite the service-sector gauge advancing in February. The Institute for Supply Management’s non-manufacturing index came in better-than-expected. However, its employment index dropped, while the inflation-measuring price index jumped in January. Not helping the markets were the Chinese lowest growth target in eight years for 2012 and a survey that showed a …
Uranium ETFs Hammered
In view of last week’s event in Japan, it’s only logical that “Uranium ETFs Slammed While Solar ETFs Rally in Wake of Japan Nuclear Blasts:” It should come as no surprise that Uranium stocks are down with the predictable anti-nuclear backlash coming worldwide in the wake of the events unfolding in Japan. One question is whether the market reaction is …