[Chart courtesy of MarketWatch.com] Domestic equity ETFs closed the trading session nicely higher, putting the Standard & Poor’s 500 Index three points from a record, in the wake of a stronger-than-forecasted read on Chinese manufacturing activity and as another plethora of earnings reports flooded the Street. Treasuries were slightly lower following a report that showed initial weekly jobless claims came …
Earnings Take Center Stage
[Chart courtesy of MarketWatch.com] U.S. equity markets closed mostly in the positive sending the S&P 500 to record high, while disappointing earnings reports pushed the Dow slightly lower. Early session pessimism that last night’s short-term agreement by Congress may only be delaying another fiscal showdown to early next year, was met with optimism that tapering of the Fed’s asset purchase …
Market Signals Government Shut Down Is Ending
[Chart courtesy of MarketWatch.com] Domestic equity markets closed the trading session sharply higher as the fiscal stalemate on Capitol Hill is expected to possibly end a day before the Treasury’s debt ceiling is reached. The Senate is agreeing to a plan that will be voted on by the House later today. The day’s gains brought the S&P 500 within a …
The Relentless Equity March Continues; Europe Slips
[Chart courtesy of MarketWatch.com] US stocks gained Tuesday with the S&P 500 and the Dow finishing at fresh five-year highs amid better-than-expected quarterly results from corporations including insurer and Dow component Travelers Cos Inc. Equity averages were briefly dented earlier, offering the only buying opportunity of the day, after a report from the National Association of Realtors showed US existing-home …
Hopium Lifts Equities As Budget Talks Are Still Alive; Europe Turns Lower On Cliff Worries
[Chart courtesy of MarketWatch.com] Led by gains in financial stocks, US equity indexes pushed higher with the S&P 500 logging its biggest gain in about a month, as markets weighed news of progress on budget negotiations in Washington to avoid tax hikes and spending cuts that may tip the economy back in recession. With about two week weeks remaining to …
Major Market ETFs Caught In Downward Spiral; TTIs Remain Above Their Trend Lines; Europe Heads South On German Worry
US stocks slumped Wednesday after a sell-off on Wall Street gained momentum as investors focused on the looming fiscal cliff and Europe’s debt crisis. The Dow Industrials logged its worst daily decline since November 2011 following President Barack Obama’s re-election Tuesday night. Risk sentiment soured after violent protests broke out in Greece as the country’s parliament got ready to vote …