Equities held onto gains throughout Thursday’s trading session despite a cornucopia of mixed economic data releases on the home front. The Nasdaq continued its rise into multi-year highs territory, gaining 0.74% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by only 0.22%. Gold prices bounced back slightly following yesterday’s brutal sell-off; futures prices for the precious yellow metal settled near $1,720 an ounce as the trading session drew to a close.
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The bulls and the bears clashed on Wall Street today as investors digested encouraging economic data while profit taking temptations intensified. Back-and-forth trading paved the way for an all around volatile day in the markets as indexes oscillated between multi-year highs and intraday-lows. Although fundamental news were positive, equity benchmarks at home ended the trading [...]
Bullish euphoria continues to permeate Wall Street as major indexes finished the day in bright green territory, settling above key resistance levels. The Nasdaq led the way higher, gaining 0.7% on the day, bolstered by Apple, which hit an all-time high of $535.38 a share [see also How An Apple Dividend Would Impact ETFs]. The [...]
Despite better-than-expected economic data on the home front, equity indexes were mixed and investors on Wall Street were reluctant to jump aboard the Dow and help push it through the 13,000 mark. The S&P 500 led the way higher, gaining 0.14% on the day, while the “blue chip” benchmark finished the day off by 0.01%. [...]
Investors on Wall Street have endured another tumultuous week as domestic indexes have been flirting with historically significant resistance levels while developments in the financially fragile Euro zone appear to be progressing towards stability [see Is SPY Overbought?]. Despite the back-and-forth price action in the stock market, issuers have continued to fill the product pipeline with exciting [...]
With more than 1,400 exchange-traded products now available to U.S. investors, odds are that there will be more than one option for most desired exposures. In many cases, the generally similar products targeting a specific asset class or strategy will deliver generally similar returns. But just because two ETFs have names that sound alike or [...]
Equity markets started off the week on a mixed note, soaring higher after the opening bell only to succumb to broad-based profit taking pressures as the trading session drew to a close. On the home front, the Dow Jones Industrial Average led the way higher, gaining 0.12% on the day, although it failed to close above resistance at [...]
Natural gas has been one of the most talked about commodities this year, as its prices have been on a slippery slope, bringing them down to historical lows. NG futures have sank more than 17% on the year as investors have been scrambling in and out of positions which have continually turned sour. The issues [...]
Equity indexes on Wall Street oscillated between minor gains and losses early in the day, however, cautious words from the Fed tipped stocks south right before lunch time. Selling pressures accelerated across the board as investors grew worried that without another round of quantitative easing the economic recovery could loose steam and falter [see also Five ETFs [...]
Equity markets have been quietly drifting higher throughout the week as ongoing Greek debt woes can’t seem to hold back the bulls on Wall Street. Activity on the product development front has been quite robust; VelocityShares added 8 leveraged ETNs to their growing lineup of trading instruments while iShares debuted the cheapest yet small cap India ETF. The industry [...]
Today was a peculiar day for the markets as indexes got off to a shaky start, but managed to recover their lost ground, while volatility ticked higher amidst the plethora of good news. On the home front, the Nasdaq led the way higher, gaining 0.39% on the day, while the Dow Jones Industrial Average lagged [...]