[Chart courtesy of MarketWatch.com] 1. Moving The Markets On this very April Fool’s day, domestic equities rallied for the second day in a row, powered by consumer and technology stocks, and pushed the benchmark S&P 500 to an all-time high as the chart above shows. Optimism prevailed as the ISM index rose in March indicating that the economy may not …
SPY And DIA Head Into Record Territory
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Christmas rally continued today with the Dow and S&P 500 eking out another record close during this Holiday-shortened session caused by a positive durable goods orders report. Big ticket items (aircraft and transportation equipment) rose 3.5% vs. an expected 2%. Home prices gained 8.2% in October from the same month last …
SPY Snaps 4-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The bulk of today’s advance occurred shortly after the open as the Dow, Nasdaq, and S&P 500 notched their highs during the initial 30 minutes. Despite today’s gain, the benchmark index remains lower by 1.1% in December. The energy sector (+1.0%) displayed strength from the open after its largest component, Exxon Mobil …
Euro Continues To Climb—Equities In The Red—Facebook To Join S&P 500
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Domestic Equities posted their largest drop in a month, with traders locking in recent gains after a provisional budget deal out of Washington. The bipartisan budget agreement reached late Tuesday would end three years of political confrontations and fiscal instability in Washington. The final Fed policy statement of the year is expected …
Mixed Emotions
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The major indexes appeared to meander aimlessly with the Dow and Nasdaq edging slightly higher while the S&P 500 dropped late in the session to post a minor loss. After breaking major milestones last week, the market looked a little tired as volume slowed down during this Holiday shortened week, which can …
The German Surplus And Some Insight Into An Overlooked ETF Segment
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Wall Street closed in the red on Wednesday as traders responded to slightly more hawkish-than-expected minutes from the Federal Reserve. Many members of the Federal Reserve’s policy-setting committee said they could see the central bank trimming its $85-billion-a-month bond-buying program at ‘one of its next few meetings,’ minutes from the October meeting …