[Chart courtesy of MarketWatch.com] The Dow staged a late-session comeback to break a two-session losing streak even as US stocks ended mixed Thursday. A raft of weak economic numbers, including a higher-than-expected jobless claim, soured investor sentiments driving both the NASDAQ and the S&P 500 lower for the second day in a row. Strong demand for Treasuries pushed yields down …
Major Market ETFs Rally On Better Retail Sales Data; URA Rises, VXX Sinks
[Chart courtesy of MarketWatch.com] US stocks rallied late Tuesday with the NASDAQ Composite Index topping the 3,000 level for the first time since Nov. 15, 2000, ahead of an earlier-than-due release of Federal stress-test results of the nation’s biggest banks. JP Morgan Chase’s announcement of higher dividends, better retail sales number in February, and the Fed’s decision to continue with …
Dow Witnesses Biggest Fall In Three Months; VXX Soars On Higher Volatility, ERUS Sinks
[Chart courtesy of MarketWatch.com] U.S. stocks suffered their biggest drop this year on Tuesday as fears of a disorderly Greek default loomed large. The DJIA sank by more than 200 points after the US markets witnessed a sell-off following weak economic data from Europe and rising yields on EZ government bonds. As Greece struggles to meet Thursday’s deadline to convince …
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 …
ETF/No Load Fund Tracker Newsletter For Friday, March 2, 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-03012012/ ———————————————————— Market Commentary Friday, March 2, 2012 U.S. INDEXES SNAP WINNING STREAK; XLE SLUMPS AS OIL SINKS; GAZ BURNS BRIGHT The Dow Jones Industrial Average (DJIA) snapped a three week winning streak as indexes closed lower on Friday. Treasuries advanced for the first time …
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 …