Stock markets headed south last week as uncertainty over the political situation in Greece led many investors to question the health of the fragile currency bloc as a whole. Amidst the flurry of volatile trading on Wall Street, profit taking pressures also spread to commodities; futures prices for gold and oil both traded lower, settling below $1,600 an ounce and $96 a barrel respectively. The coming week appears to be stacked with key economic releases from both sides of the Atlantic ocean, and as such, investors will look for signs to bolster confidence in the global recovery [see also 3 ETFs For A Euro Zone Double-Dip].
Equity markets took a nosedive last week as resurfacing Euro zone debt woes welcomed back the bears on Wall Street. Political turbulence in Greece has sparked a wave of worry, with many fearing that the nation will have to face default unless the opposing parties agree to implement the proposed austerity measures. On the home [...]
Mixed economic releases coupled with concerning nonfarm payrolls data left many scrambling to take profits, sending major indexes into red territory for the week. With earnings season in the books, investors will once again focus their attention on fundamental data releases along with headlines from the Euro zone. The week ahead looks to be clouded with uncertainty as parliamentary elections across the [...]
Equity markets turned south this past week as sour economic data deteriorated investors’ confidence, dragging down major indexes into red territory. Volatility was quick to return as mixed economic reports paved the way for profit taking on Wall Street. On the bright side, manufacturing and weekly jobless claims both came in better-than-expected; nonetheless, investors focused [...]
U.S. stocks staged an impressive recovery last week as major indexes held above key technical resistance levels, 1,360 for the S&P 500 Index, bolstered by upbeat earnings results. Investors also reacted positively following the latest FOMC announcement which reaffirmed the Fed’s commitment to keeping interest rates low until late 2014. Confidence in the domestic recovery is growing judging from the [...]
Equity markets broadly climbed higher throughout the week as investors digested upbeat earnings results from a number of industry giants including Amazon and Apple, both of which bolstered confidence in the technology sector. Surprisingly, investors brushed aside a number of less-than-stellar economic reports; durable goods orders data came in negative and U.S. GDP came in at 2.2% [...]
With Euro zone debt woes creeping back onto Wall Street last week, investors were reminded of the looming challenges that will continue to pose headwinds for the currency bloc in the foreseeable future. Nonetheless, from a technical perspective, the longer-term uptrend in broad equity indexes including the S&P 500, Dow Jones Industrial Average, and Nasdaq [...]
Stocks endured a volatile trading week, the first one in a while, as investors digested a number of worse-than-expected economic data releases along with the general feelings of uncertainty that are associated with corporate earnings season. Resurfacing Euro zone debt woes also played a key role in bringing back the bears, as markets endured a rough sell-off [...]
After taking a dip lower last week, equity markets will look to shake off profit taking pressures and resume the bull-run on Wall Street. With corporate earnings season on tap to kick-off with Alcoa on Tuesday, investors will have platefuls of fresh economic data to digest throughout the trading week. In international developments, the China GDP release [...]
Profit taking pressures swept over Wall Street this past week as the bulls retreated following the latest FOMC meeting. Investors started to scale back on their risk exposure early in the week after the Fed made no hints of an upcoming round of stimulus; with no mention of QE3, investors gave into broad-based selling pressures, [...]
Equity indexes on Wall Street oscillated between gains and losses throughout the majority of the trading week as slightly disappointing economic data releases were enough to encourage broad-based profit taking. Investors were displeased with a slow down in durable goods orders, although better-than-expected consumer sentiment on Friday helped to restore confidence. This week will see a host [...]