[Chart courtesy of MarketWatch.com] The day started off on shaky ground, with markets slipping early as fresh trade headlines put a lid on any bullish momentum. China’s Foreign Ministry said Presidents Trump and Xi had a phone call—initiated by Trump—but details were scarce. Trump called it a “very positive conclusion,” but investors weren’t exactly buying it. On the economic front, …
S&P 500 And Nasdaq Return To Positive Territory, Lagging Behind Gold
[Chart courtesy of MarketWatch.com] Early gains helped the S&P 500 and Nasdaq return to positive territory for the year, although both are still trailing gold’s performance by over 23%. Nvidia boosted the Nasdaq with a 7% rise in early trading, while the Dow remained in the red. Sentiment remains positive following yesterday’s surge, with traders pleased that Trump secured more …
ETF Tracker Newsletter For June 14, 2024
ETF Tracker StatSheet You can view the latest version here. TECH TITANS TUSSLE FOR TOP SPOT AMIDST MARKET MELT-UP AND MAIN STREET MALAISE [Chart courtesy of MarketWatch.com] Stocks fell right after the opening, as a decline in consumer sentiment gave the bears a reason to cheer. However, the S&P 500 ended only marginally lower but gained for the week. …
First Day Of Trading Seems Sour, Economy Looks Sweeter
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock indexes posted their largest decline in three weeks on the first trading day of 2014, after the benchmark S&P 500 finished its best year since 1997. Oil and gas producers were among the hardest hit following a 3% drop in oil prices to under $96 a barrel as Libya prepares to …
New ETFs On The Block: Credit Suisse Silver Shares Covered Call ETN (SLVO)
To offset the downside risks of precious metals as prices come under increasing pressure, Credit Suisse has launched a silver exchanged traded note that aims to generate income through a covered call options strategy. The Credit Suisse Silver Shares Covered Call ETN (SLVO) provides exposure to the iShares Silver ETF (SLV) and is the first exchange-traded product in the US …
Up, Up And Away; Dow Hits 2007 High; Europe Touches 23-Month High
[Chart courtesy of MarketWatch.com] Equity ETFs mostly advanced today with the Dow Jones Industrial Average hitting a five-year high after data released showed continued improvement in housing and companies including Pfizer and Valero Energy reported earnings that beat estimates. The indexes picked up pace and rallied as the S&P/Case-Shiller index of US property values rose 5.5 percent in November after …