[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 …
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 …
ETF/No Load Fund Tracker Newsletter For Friday, October 18, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10172013/ ———————————————————— Market Commentary Friday, October 18, 2013 EARNINGS INSPIRE MARKETS Domestic equity markets were solidly higher to end the week with the S&P hitting a fresh record high, as better-than-expected earnings results from Google, Morgan Stanley, and General Electric overshadowed Honeywell’s quarterly revenue missing …
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 …