[Chart courtesy of MarketWatch.com] Domestic equities bounced off of session lows, rebounding from the benchmark index’s biggest two-day slump since June, with the Dow and S&P 500 gaining modest ground while the Nasdaq finished lower for a third day, pressured as investors sold this year’s winning tech stocks including Netflix and Fastenal. Traders were skeptically optimistic following the nomination of …
Major Index ETFs Drown In Fiscal Uncertainty
[Chart courtesy of MarketWatch.com] U.S. equities extended yesterday’s solid losses as a gauge of Wall Street anxiety hit its highest level in more than three months with equity markets showing growing concern over no indication of progress from lawmakers on budget and debt ceiling negotiations. A disappointing debt auction of one-month Treasury bills, which saw the rate almost triple the …
Stocks Dive Heading Into Second Week Of Shut Down
[Chart courtesy of MarketWatch.com] U.S. equities fell on Monday, extending two weeks of losses, amid the continued stalemate in Washington over a budget for the fiscal year, exacerbated by concerns surrounding the looming debt ceiling deadline. It was a poor start to the week for the equity market and the same thing could be said for politics in Washington. The …
Floating Lower
[Chart courtesy of MarketWatch.com] Domestic equities slipped for the second-straight session on Thursday, with the Standard & Poor’s 500 Index dropping the most in a month, as global and domestic investors continue to anxiously await resolutions from Congress to solve Washington’s budget crisis. The situation has now partially shut down the government for three days, while the debt ceiling limit …
Stocks Ignore Shutdown; Buyers Step In
[Chart courtesy of MarketWatch.com] After falling to a three-week low yesterday, U.S. equity markets closed the trading session higher to begin the new month and quarter, led by some upbeat manufacturing activity data despite the first partial government shutdown in 17 years. Investors for now appeared confident that the situation would be short-lived. After dropping seven out of the past …
Major Index ETFs Slip And Slide As Spending Battle Begins
[Chart courtesy of MarketWatch.com] Domestic equity markets fell today and the S&P 500 put in a fifth day of losses, its longest losing streak since the end of 2012, following some diverging domestic economic reports. Including today’s decline, the benchmark index has surrendered 1.9% since last Thursday. Treasuries were higher amid the U.S. fiscal uncertainty and after durable goods orders …