[Chart courtesy of MarketWatch.com] 1. Moving the Markets Gains were led mostly by energy stocks as oil prices rebounded slightly after Wednesday’s steep decline. U.S. benchmark crude rose 0.7% to $50.84 a barrel after plunging 6% the previous day on a larger-than-expected inventory build-up. In tech, shares of Altera (ALTR) rose and Intel (INTC) fell on reports that Intel has …
Stocks Respond Well To Fed Minutes; Shell To Buy BG
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended up higher after the release of minutes from the Fed’s meeting in March showed policymakers were divided on the timing of the first interest rate hike. The report remained consistent, however, with Fed policymakers’ forecasts that indicate the first hike in rates since 2006 is unlikely to take place before …
Post Holiday Hype Fades On Tuesday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks withered early gains and fell sharply in the last hour of trading, as the major indexes closed lower, breaking a two-day bunny hop winning streak. April has always been a volatile month, as investors are typically on edge in advance of Q1 earnings season. First-quarter earnings season kicks off Wednesday as …
Wall Street Bounces Back From Easter Holiday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street seemed to ignore the lackluster jobs report that was released Friday when the stock market was closed for Easter. Since bad news is good news these days, equities pushed sharply higher today amid a growing sense that the Fed will push back its first rate hike to sometime in Q3 or …
ETF/No Load Fund Tracker Newsletter For April 3, 2015
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04022015/ ———————————————————— Market Commentary Friday, April 3, 2015 MARKETS BACK ON TOP TO CLOSE OUT THE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. indexes closed higher after a reading on the labor market came in better than expected. That report raised hopes …
The Equity Slide Continues
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets still could not find much footing and continued to slip for the second day, although it could have been a lot worse. In the humor department (it’s April Fool’s day after all), the sucker of the day award has to go to the High Frequency Trading algos, who swallowed the …