[Chart courtesy of MarketWatch.com] US equities remained just about flat with a slight negative bias today, snapping a two-day winning streak as investors chose to hold back ahead of the central bank meetings and monthly jobs report later this week. The Dow Jones Industrial Average (DJIA) lost 3 points, with the index’s heaviest component JP Morgan Chase (JPM) leading the …
The Rally Monkey Feasts On Tech Earnings, Bernanke Testimony; PXQ Soars, GDX Sinks
[Chart courtesy of MarketWatch.com] US stocks extended gains for the second day in three as earnings by tech stocks lent an assist in helping the rally of the indexes to continue for the time being. The Dow Jones Industrial Average (DJIA) jumped 103 points with chipmaker Intel Corp (INTC) posting its biggest single-session gain since November 30. Not that Intel …
US Equities Leak As Retail Sales Disappoint; CORN Pops
[Chart courtesy of MarketWatch.com] US equities finished lower Monday as retail sales dropped unexpectedly for the third straight month, even though economists had forecasted a slight increase, raising concerns about the economic recovery that ultimately pushed down two of the three indexes for the seventh session in last eight. US Treasury five-year yields fell to a record low of 0.60 …
Fed Disappoints—Major Market ETFs Slip And Slide; Punk Economics Video Simplifies Understanding Of Economic Connections
[Chart courtesy of MarketWatch.com] Major Market ETFs extended losses for the fourth day, although only slighty, after the latest Federal Reserve minutes showed few members arguing in favor of further assets purchase despite US unemployment rate remaining elevated. As the chart above shows, the QE junkies were disappointed as the markets stumbled. Despite sinking 118 points earlier, the Dow Jones …
US Stocks Slip And Slide On Earnings Concerns, Spanish Debt; VIXY Edges Up, UNG Sinks
[Chart courtesy of MarketWatch.com] US stocks tumbled Tuesday with the Dow and the NASDAQ ending lower for the fourth straight day as investors became wary of corporate earnings looking softer than forecasted based on a string of weak results by technology companies. Stocks opened strong earlier over news that EU finance ministers agreed late Monday to release an initial €30 …
US Equities Go Nowhere As Jitters Grow Ahead Of Q2 Results; Merkel Seen At Wimbledon
[Chart courtesy of MarketWatch.com] US stocks finished lower Monday, extending their losing streak for the third straight day as investors became jittery on worries that profits will fall compared to the first quarter after Corporate America lowered earnings forecast as the second quarter earnings season takes off. US government debt rallied led by the 30-year bonds as Italy’s 10-year bond …