[Chart courtesy of MarketWatch.com] Domestic equities managed to close higher for a second straight session, despite an afternoon stumble, thanks to a solid read on the pace of U.S. economic growth and weekly jobless claims remaining near 5-year lows, while the immediate threat of military action against Syria diminished slightly. Meanwhile, gold and crude oil retracted from their recent rally, …
Mixed Signals Keep Investors On The Fence
[Chart courtesy of MarketWatch.com] U.S. stocks ended mixed with the Dow industrials and the S&P 500 staying close to record intraday highs in a tight trading range, as the unexpected contraction in regional manufacturing activity and the plethora of divergent earnings reports left traders on the fence. SPY fell, halting a streak of four straight gains. Overseas, investors increased speculation …
SPY’s Third Consecutive Record Closing High
[Chart courtesy of MarketWatch.com] The major U.S. equity indices closed the trading day with modest gains after housing data and earnings from companies including McDonald’s Corp. fueled speculation stimulus would continue. Investors have increasingly turned to stocks this month, as U.S. equity ETFs are receiving money at the fastest rate since September 2008. On the flip side, this will end …
ETF/No Load Fund Tracker Newsletter For Friday, July 19, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07182013/ ———————————————————— Market Commentary Friday, July 19, 2013 TECH GIANTS DRAG STOCKS TO MIXED ENDING On the heels of the Dow and S&P setting new highs yesterday, the U.S. equity markets experienced a lackluster trading session that wavered to a mixed finish today following weak …
Major Index ETFs Advance To New Records On Upbeat Economy
[Chart courtesy of MarketWatch.com] U.S. equity index ETFs closed higher today thanks to mostly upbeat economic data, stronger-than-expected reported earnings from IBM, UnitedHealth Group, and Morgan Stanley, along with Fed Chairman Bernanke’s comments further reassuring markets. The Dow Jones Industrial Average and the Standard & Poor’s 500 Index closed at record highs; with the S&P 500 notching a fresh intraday …
Bernanke’s Reassurance On Stimulus Lifts Stocks
[Chart courtesy of MarketWatch.com] The major U.S. equity ETFs finished trading with modest gains after a choppy session, amid the Federal Reserve Chairman Bernanke reiterating in Congressional testimony, that the Central Bank’s asset purchases could be increased or reduced depending on the health of the economic recovery. Supporting the up-down session were an unanticipated declines in domestic building permits and …