[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 …
China And CAT Take Down Bulls
[Chart courtesy of MarketWatch.com] Following four-straight sessions of record highs for the S&P 500, domestic equities finished the session in negative territory on Wednesday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings. Moreover, Chinese liquidity and banking concerns along with uncertain domestic earnings reports weighed on sentiment. Meanwhile, Treasuries were mixed following reports that …
Ignoring Weakness In Jobs Data
[Chart courtesy of MarketWatch.com] U.S. equities finished higher, despite a softer-than-forecasted U.S. September nonfarm payroll report. The data may have solidified expectations that the Federal Reserve may hold off on tapering its asset purchases until signs of a healthy economy become more lucid. Speculation pushed the annual advance in the Standard & Poor’s 500 Index within a percentage point of …
Earnings In Focus Ahead Of Jobs Data
[Chart courtesy of MarketWatch.com] U.S. equities finished mixed and near the flatline in a choppy session, as investors await a week chock full of earnings and economic data, headlined by tomorrow’s release of the September nonfarm payroll report. Meanwhile, the Dow was pressured by McDonald’s disappointing same-store sales and lackluster guidance which overshadowed its better-than-expected 3Q earnings. In other equity …
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 …