[Chart courtesy of MarketWatch.com] Major Market ETFs closed higher Tuesday for the second straight day, pushing the Dow Industrials into the green territory and snapping four loss-sessions, as investors cheered a better-than-expected ISM index’s nonmanufacturing businesses reading. Gains, however, were limited as the ongoing European sovereign debt crisis continued to overshadow this positive US economic development. Ratings agency Standard & …
US Stocks Slide As Spanish Storm Looms; ZROZ Soars,
[Chart courtesy of MarketWatch.com] US stocks ended in the red Wednesday, losing more than one percent after reports suggested that the European Central Bank has rejected the recently nationalized Bankia group’s bailout plea. The ECB issued a statement Wednesday stating it was not consulted and can’t recapitalize Spain’s fourth largest bank. US Treasuries soared as investors sought refuge in safe …
Equity ETFs Rebound On Week’s First Trading Day; CHIM Vaults, VXX Tanks
[Chart courtesy of MarketWatch.com] As recent polls suggested that Greece is moving towards honoring its commitments ahead of next month’s elections, US stocks rose one percent Tuesday even as US consumer confidence reading dropped unexpectedly in May and home prices dipped further. Sentiment was buoyed further as investors hoped that central banks globally would provide further stimulus and China would …
US Stocks Fight Back Clinging To Rumors After Sharp Initial Fall; GLDX Glitters, GAZ Sinks
[Chart courtesy of MarketWatch.com] US stocks fought back in the final hour of trading Wednesday despite witnessing sharp declines with the NASDAQ and the S&P 500 reclaiming the green territory even though the threat of a possible Greece exit continues hang over the markets. If things look desperate, hanging on to the latest rumor can restore momentum as ZeroHedge points …
Major Market ETFs In Stall Speed As Concern Over Europe Lingers; VXX Soars, GDXJ Tanks
[Chart courtesy of MarketWatch.com] Wall Street closed flat Tuesday despite surging in early trade as worries over Europe overshadowed upbeat US economic reports. The above chart says it all. The markets turned choppy in the last hour of trading as Dow Jones Newswire reported that former Greek Prime Minister Lucas Papademos has said Greece is preparing to leave the 17-member …
US Equities Bounce Back From Worst Week Of The Year
[Chart courtesy of MarketWatch.com] US stocks bounced back Monday to break the weeklong losing streak as broader markets rallied, despite social-networking site Facebook plummeting more than 10 percent following its Friday debut. The S&P 500 snapped its six straight day of losses to post its best session in two months while the Dow made the biggest single-day gain in over …