[Chart courtesy of MarketWatch.com] Disappointing economic data finally dragged stocks down. The Dow Jones Industrial Average was down 138 points (0.9%) to 14,701, the S&P 500 Index lost 15 points (0.9%) from its record high to 1,583, and the Nasdaq Composite decreased 30 points (0.9%) to 3,299. Volume came in slightly lower than Tuesday. Commodity companies dropped the most among …
More Bad Economic News = More Gains in the Market
[Chart courtesy of MarketWatch.com] The bulls simply don’t know how or when not quit as stocks ended Tuesday’s session on a modestly higher note in the face of another day of mushy global economic data. The Dow Jones Industrial Average moved up 21 points (or 0.1%) to 14,839, the Nasdaq Composite gained 22 points (0.7%) to 3,329, and the Standard …
Markets Hit New Record Though It Was A One-Sided Affair
[Chart courtesy of MarketWatch.com] Stocks climbed throughout the session today to kick off the week with solid gains despite mixed economic data. The Standard & Poor’s 500 Index rose 11 points to 1,594 surpassed its previous record close set earlier this month. Growth-oriented stocks, including energy and technology, lead the way to the index’s sixth rise in the past seven …
ETF/No Load Fund Tracker Newsletter For Friday, April 26, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04252013/ ———————————————————— Market Commentary Friday, April 26, 2013 UNINSPIRING GDP GROWTH DRAGS DOWN THE BULL The major averages entered the weekend on a mixed note following a lackluster result on 1Q US GDP growth and a slew of below average earnings releases. The Standard & …
Positive Data Equals Another Consecutive Day of Gains
[Chart courtesy of MarketWatch.com] The Standard & Poor’s 500 Index extended its rally to a fifth day as major U.S. equity indices closed the trading day positive. For much of Thursday, markets were boosted by a number of earnings beats and encouraging jobless numbers from the Labor Department; but gave back some gains late after reports that Germany’s central bank …
Index ETFs Fail to Find Direction; Mixed Finish
[Chart courtesy of MarketWatch.com] Investors are left with little convictions as a result of disconcerting earnings results and a disappointing read on US durable goods orders. The market closed marginally lower at the Dow while extended gains in the Standard & Poor’s 500 Index to a fourth day. More than three stocks rose for every two that fell on U.S. …