Equity markets drifted sideways throughout most of the day with a downward bias, ultimately closing out the trading session in shallow red territory. The Nasdaq led the way lower, shedding 0.52% on the day, while the Dow Jones Industrial Average proved most resilient, losing only 0.21% as the closing bell rang. Equity indexes on Wall Street flirted with technical resistance levels much like yesterday, however, selling pressures prevailed in the end and the bulls backed off [see Is SPY Overbought?].
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Investors cheered as European leaders were able to come to a consensus on a Greek debt deal late yesterday to help the severely indebted nation. The terms will total to a 130 billion euro package marking the second relief funding that the country has received in the past two years. Some believe that this may [...]
Van Eck announced today the debut of an exchange-traded fund that offers exposure to companies employing “unconventional” approaches towards producing energy commodities such as crude oil and natural gas. The new Market Vectors Unconventional Oil & Gas ETF (FRAK) will seek to replicate an index comprised of companies operating in segments such as coalbed methane, [...]
iShares, the largest U.S. ETF issuer in terms of both assets and number of funds, continued the aggressive expansion of its product lineup this week with five new products offering exposure to commodity-related stocks. Each of the new ETFs will compete with existing products offering indirect exposure to natural resources through stocks of companies that [...]
Although uncertainty continues to linger across financial markets, investors’ confidence in the global economic recovery has without a doubt improved considerably going forward, shaking off much of last year’s pessimism. Debt negotiations in the Euro zone have played a key role in ensuring stability, while better-than-expected economic data releases on the home front have helped [...]
Stocks marched higher on Wednesday as investors rejoiced over encouraging fundamental economic data on all fronts. In the U.S., better-than-expected manufacturing and employment reports bolstered stocks higher; the Nasdaq led the way higher, gaining 1.22% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by just 0.66%. Euphoria was further bolstered [...]
This week got off to a rocky start as Greece and Germany remained at odds regarding the fiscal future of the currency bloc. Many investors fear that without a significant aid package, Greece will endure a widespread default which has the potential to sink markets around the world. Despite the issues persisting overseas, the focus [...]
Though the year is still very young, 2012 has gotten off to a promising start for investors. Major stock indexes have generally climbed higher throughout the first few weeks thanks to a number of encouraging data releases and reduced anxiety over the potential fallout from the European debt crisis [see also Early ETF Stars of [...]
Equities started the day in green territory and gave into selling pressures throughout the day as investors digested less-than-stellar economic and earnings reports. The S&P 500 sat at the bottom of the barrel, clinching a 0.58% loss on the day, while the Dow Jones Industrial Average proved to be most resilient, finishing with a minor [...]
As we dive further into earnings season, investors will do their best to focus on relatively strong U.S. data, as opposed to decisions by the Fed, the Greek debt crisis, and other factors hindering the recovery. On Tuesday, investors saw Apple (AAPL) crush market estimates with their quarterly earnings. The shares soared the most in [...]
Stocks are on a roll. Equity indexes climbed higher for a third day this week as bullish momentum kept the winning streak alive on Wall Street. Investors were cheerful to see Bank of America swing a fourth-quarter profit, although Morgan Stanley on the other hand missed estimates. Nonetheless, optimism prevailed thanks to encouraging data from [...]
