Selling pressures prevailed on Tuesday as investors fretted over commentary from the latest FOMC meeting. Stocks took a nose dive lower after Chairman Bernanke made no direct hints of more stimulus to come. With no word on QE3, investors were quick to take profits across virtually every asset class; stocks and bonds both plunged lower alongside falling gold prices [see also 3 ETFs For The End Of Operation Twist].
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Euphoria returned to Wall Street once again as encouraging development from the overseas currency bloc gave the bulls a reason to stampede. Investors cheered on the debt swap in Europe as Greek bondholders pushed forward with the proposed bailout helping to ease many of the looming uncertainties. The Nasdaq took the lead, gaining 1.18% on the day, while [...]
The bears made an appearance on Wall Street on Tuesday as resurfacing Euro zone debt woes sparked a global sell-off. The Dow Jones Industrial Average gave into selling pressures, shedding a dismal 1.57% on the day, while the Nasdaq fared slightly better, turning in a loss of 1.36%. Gold failed to take on safe haven [...]
The Euro zone debt crisis has been at the forefront since late 2009 when it became apparent that Greece was struggling to curb its towering deficit. Greece unsuccessfully implemented several austerity meassures aimed at restoring financial stability, ultimately succumbing to a bailout package in early May of 2010. History has repeated itself since then seeing as [...]
Europe has been at the forefront of headlines around the world, as their debt crisis has been one of the most significant market movers over the past two years. Recently, Greece was granted a second bailout in an effort to bring stability to its economy, though many are unconvinced that this will be enough to [...]
As we enter March, investors have plenty on their minds for the coming month. Yesterday saw a slew of important U.S. data hit the market as both GDP and personal consumption saw a healthy uptick, sparking more confidence in domestic markets. In fact, U.S. confidence also showed a sizable gain on Tuesday, giving a fair amount of [...]
After a strong close to last week–the Dow jumped by more than 150 points in the last two sessions–U.S. stock markets will have to wait until Tuesday to try to continue the positive momentum. Major exchanges are closed on Monday in observance of President’s Day, which this year falls two days before the anniversary of [...]
Equity indexes broadly drifted lower throughout the day, although a last-hour rally on Wall Street helped many benchmarks to end the day in green territory. Investors expressed their concerns over lackluster retail sales data at home coupled with looming debt-deal drama in the currency bloc overseas. On the home front, the Dow Jones Industrial Average [...]
Stock markets enjoyed yet another day in green territory as investors rejoiced over encouraging economic data on the home front. The latest jobless claims report gave the bulls a reason to rally after the figure came in better-than-expected; the number of people who filed for unemployment benefits fell to 358,000, versus the expected 370,000. News [...]
Stocks endured yet another bumpy trading session as indexes oscillated between gains and losses for most of the day thanks to mixed economic developments. On the home front, Exxon Mobil posted strong quarterly earnings, although lackluster home prices data overshadowed the energy giant’s profits. The Nasdaq proved to be most resilient, gaining 0.07% on the [...]
Equity markets got off to a choppy start as major indexes oscillated between minor gains and losses throughout the first trading day of the week. Investor sentiment turned for the worst on Monday as resurfacing Greek debt woes brought the limelight onto the debt burdened currency bloc once again. Stocks tipped to the downside as [...]
