[Chart courtesy of MarketWatch.com] U.S. equity indexes eked out gains, showing some resilience in the face of headwinds from mixed earnings reports and economic data. The broader market’s advance was modest after another round of mixed earnings reports. Specifically, PulteGroup Inc was sharply lower after the homebuilder’s results missed analysts’ forecasts, while General Motor’s stronger-than-anticipated results were overshadowed by continued …
Profit-Taking Pulls Stocks Down Despite Upbeat Data
[Chart courtesy of MarketWatch.com] Wall Street backed off record highs despite a jump in U.S. new home sales to the highest level in five years and an unexpected expansion for Eurozone manufacturing activity. The Standard & Poor’s 500 Index suffered its first-two day drop in a month, as losses in utility and commodity shares more than offset gains in the …
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 …