[Chart courtesy of MarketWatch.com] The major market ETFs began the trading week in limbo, giving the Standard & Poor’s 500 Index its fifth drop in six sessions, as an empty economic calendar and news on the equity front failed to inspire investors. A weak read on 2Q GDP out of Japan became a little dark cloud early on, as markets …
ETF/No Load Fund Tracker Newsletter For Friday, August 9, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/08/weekly-statsheet-for-the-etf-newsletter-through-08082013/ ———————————————————— Market Commentary Friday, August 9, 2013 MARKETS TURN SOUTH FOR THE FOURTH TIME TO CLOSE THE WEEK U.S. equity markets closed the day lower as domestic data remained light and the lingering Fed taper uncertainty hamstrung equities, despite some upbeat Chinese economic data. …
Losing Streak Comes To A Halt Thanks To Data
[Chart courtesy of MarketWatch.com] U.S. equity indexes rebounded from the morning lows to close higher for the first time this week, halting a three-day drop, aided by a stronger-than-expected export growth report out of China and a smaller-than-anticipated rise in domestic jobless claims. The markets were also fueled by some widely followed companies like Tesla and Groupon, which skyrocketed based …
Growing Speculation On Fed Cuts Keeps Bears Growling
[Chart courtesy of MarketWatch.com] U.S. equities continued their red figures for a third consecutive session on Wednesday amid a mixed bag on the earnings front, while a sedentary economic calendar offered little help. Mortgage applications snapped a seven-week losing streak, while consumer credit expanded. Growing uncertainty over when the Federal Reserve may start to wind down its stimulus played a …
Major Market Index ETFs Drop Again On Earnings And Fed’s Comments
[Chart courtesy of MarketWatch.com] U.S. equity ETFs slid for a second consecutive day amid a plethora of mediocre earnings reports on both sides of the pond, despite the U.S. trade balance narrowing to its smallest deficit since October 2009. Adding to the negative atmosphere on the markets were comments from a pair of U.S. Federal Reserve officials fueling concern the …
After A Breather, Bulls Hit Fresh All-Time Highs
[Chart courtesy of MarketWatch.com] Equities got back to their winning ways, notching solid gains amid optimism that the bulls still have room to run. The Nasdaq hit its highest level since November 2000 while the Dow Jones Industrial Average and Standard & Poor’s 500 Index hit fresh all-time highs. The Dow Jones jumped 124 points (0.8%) to 15,215, the S&P …