[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks ended lower as investors digested a mixed batch of retail earnings reports and benchmark indexes struggled to surpass major milestones. However, a recovery in the U.S. housing market helped Home Depot top profit and sales estimates for the third quarter, prompting the No. 1 home improvement chain to raise its fiscal-year outlook …
The Bull Market Remains Charging Forward
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Many spectators held their breath today as both the S&P and Dow both strained to reach their all-time highs of 1,800 and 16,000 respectively. But alas, neither index could hold on to the mighty achievements as both eventually dropped to 1,791 and 15,976. Still, the Dow and S&P 500 are up more …
Index ETFs Maintain Upward Bias
[Chart courtesy of MarketWatch.com] 1. Moving The Markets European equities headed higher supported by strong readings on factories and hopes that the ECB may take additional easing steps. That proved to be a springboard for the domestic indexes which, after an early rally, pulled back and then slowly inched their way higher with the DIA reaching a closing high. Again, …
Rally Ends After Fed’s Weak Growth Outlook
[Chart courtesy of MarketWatch.com] U.S. equity markets were unable to extend recent gains as stocks closed the trading session lower on the heels of yesterday’s record setting performances for the Dow and S&P. In economic news, the Federal Reserve announced no changes to its asset purchase program, leaving the target for the fed funds rate unchanged near zero. Trading was …
Bulls Continue Record Run
[Chart courtesy of MarketWatch.com] Despite a mixed bag of data from the earnings and economic fronts, and the Federal Reserve’s monetary policy decision on the horizon, U.S. equities notched further gains today. The S&P 500 continued to set records and registered its fourth consecutive advance to extend its October gain to 5.4%. Treasuries finished unchanged following the deluge of data, …
Stocks Little Changed On Upcoming Fed Decision
[Chart courtesy of MarketWatch.com] The U.S. markets finished mixed and near the flatline, as traders look toward a barrage of earnings and economic data this week, headlined by the Fed’s monetary policy decision on Wednesday. The S&P 500 closed at another record high on Monday as expectations were high that the Fed will keep its stimulus in place when it …