[Chart courtesy of MarketWatch.com] US stocks rallied Monday, extending last week’s advances, after better-than-expected latest domestic manufacturing data stretched Wall Street’s best first quarter since 1998. The Dow climbed to its highest level since 2007 after the Institute of Supply Management’s index on manufacturing activity rose to 53.4 in March, slightly beating market expectations. The Federal Reserve kept buying debt …
ETF/No Load Fund Tracker Newsletter For Friday, March 23, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/03/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-03222012/ ———————————————————— Market Commentary Friday, March 23, 2012 EQUITY ETFs RISE TO SHAVE WEEKLY LOSSES; GDXJ SHINES, TVIX NOSEDIVES FOR THE SECOND DAY US stocks closed higher Friday as a weak dollar and a rise in oil prices boosted commodities related stocks, helping shave weekly …
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 …
Major Market ETFs Open Month Higher
[Chart courtesy of MarketWatch.com] Stocks closed higher Thursday as investors weighed improved reading on the jobs front against slightly disappointing construction spending and manufacturing data. According to the Labor Department, the number of Americans filing first-time claims for unemployment benefits dropped 2,000 to 351,000 last week, the lowest since March 2008. Four-week average now stands lower by 5,500 at 354,000, …
U.S. Stock Indexes Slide, UUP Gains, GLD Loses Shine
[Chart courtesy of MarketWatch.com] U.S. indexes reversed Tuesday’s gains after Fed Chairman Ben Bernanke hinted at stopping further liquidity expansion measures today. In other words, he took the punch bowl away for the time being by showing no monetary exuberance. In a testimony before the Congress that started at 10 a.m. Wednesday, Bernanke said though continuing with liquidity enhancing measures …
U.S. Stocks Rise With Consumer Confidence, UNG Dips With Oil, SLV Zooms
[Chart courtesy of MarketWatch.com] Soaring consumer confidence and falling oil prices triggered a rally in US stocks as the Dow Jones Industrial Average closed over the psychologically important 13,000 mark for the first time since May ’08. The DJIA ended at 13,005.12, a gain of 0.2 percent, while the S&P 500 added 0.3 percent to close at 1,372.18, its highest …