[Chart courtesy of MarketWatch.com] Worry returned to Wall Street today, a day after stocks surged to record highs following the Federal Reserve’s decision to continue its stimulus of the economy. The S&P 500 Index and the Dow 30 both retreated, while the Nasdaq gained ground, as traders contemplated a plethora of positive U.S. economic reports. Meanwhile, gold had its biggest …
Traders Say “Thanks, Fed”
[Chart courtesy of MarketWatch.com] Domestic equity markets erased early losses and closed the trading session solidly higher after the Federal Open Market Committee failed to announce plans to reduce the pace of its asset purchases, as many had expected. The S&P 500 jumped 1.2%, erasing an earlier decline of as much as 0.3 percent and closing at a record high …
Stock Indexes Quietly Advance Ahead Of Fed’s Decision
[Chart courtesy of MarketWatch.com] Amid a benign read on consumer price inflation and a report that showed homebuilder sentiment remains near an eight-year high, U.S. equities advanced on Tuesday on expectations the Federal Reserve will make only moderate changes to its stimulus at the conclusion of its two-day meeting. There wasn’t a whole lot of trading action as volume was …
Major Indexes Rise On Prospective Fed Chairman Summers Withdrawal
[Chart courtesy of MarketWatch.com] One uncertainty factor was removed from the markets today as prospective Fed Chairman Summers called it quits before a two-day Fed meeting scheduled to start tomorrow. The markets took this as a positive, and the rally was on. The Dow and S&P 500 gave back some of their early gains but managed to close solidly on …
ETF/No Load Fund Tracker Newsletter For Friday, September 13, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09122013/ ———————————————————— Market Commentary Friday, September 13, 2013 MAJOR INDEX ETFs END THE WEEK HIGHER ON NEGATIVE DATA Domestic equity markets ended in positive territory and the Dow registered its best weekly gain since January, despite lackluster reads on U.S. consumer sentiment and retail sales, …
Green Streak Comes To An End
[Chart courtesy of MarketWatch.com] The U.S. Federal Reserve was back in the spotlight again as traders worried that the Fed would begin to scale back its monetary stimulus when it meets on Tuesday and Wednesday next week. U.S. equity averages fell, halting a seven-day win streak for the Standard & Poor’s 500 Index as materials producers slid amid growing concern …