[Chart courtesy of MarketWatch.com] US stocks edged higher Tuesday after the latest ISM data indicated that US manufacturing activities expanded in April, offsetting concerns of an economic slowdown. The Dow hit its highest level since 2007 on hopes of better jobless data due this week. Treasury yields climbed from near three-month lows after slipping yesterday as two regional Federal Reserve …
Major Market ETFs Continue In Rally Mode, Advance For The Second Day; XLK Pops, VXX Tanks
[Chart courtesy of MarketWatch.com] Major Market ETFs gained for the second straight day Wednesday as investors offered muted reactions to the news that the Fed is keeping its interest rate target unchanged and cheered strong Q1 performance from big US companies including Apple and Boeing. Following Wednesday’s Federal Open Market Committee meeting in Washington, Chairman Ben Bernanke dropped enough hints …