From the category archives:

This Week in ETFs

Investors digested a slew of economic data this week, as well as the Fed’s latest policy statement. On Thursday, the central bank pulled back to $55 billion from $65 billion for its monthly bond-buying program. The Fed also eliminated the reference to the 6.5% unemployment rate as a threshold to consider raising rates; furthermore, several Fed officials projected that their first increase in interest rates will come in 2015. In other news, President Obama announced his executive order allowing U.S. to impose sanctions on key sectors of the Russian economy [see The Fed Effect: How Monetary Policy Impacts Your ETFs].

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Despite a mixed bag of economic reports, this week saw the S&P 500 hit a new record closing high. The Conference board reported consumer confidence falling to 78.1, while the S&P/Case-Shiller 20-City home-price index rose 13.4% (slightly below the 13.5% expectations). Bolstering equities on Thursday and Friday, sales of new homes were reported to have risen 9.6%, the highest level since July 2008, and the ISM Chicago-area purchasing managers index for February rose, bucking analyst expectations for a decline. Meanwhile, investors paid close attention to Fed Chairwoman Jan Yellen’s testimony before the Senate [see The Fed Effect: How Monetary Policy Impacts Your ETFs].

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Wall Street turned its attention to the Federal Reserve once again this week, as Chairwoman Janet Yellen testified on the Semiannual Monetary Policy Report before the House and Senate. After Yellen stated that she expects a great deal of continuity in the Fed’s approach to monetary policy, the Dow snapped its four-day losing streak, rallying 193 […]

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Wall Street was in for yet another volatile week as global growth concerns weighed heavily on the markets. On Monday, stocks fell after the January ISM manufacturing PMI came in at 51.3, the lowest figure since May. On the labor front, ADP said that 175,000 private sector jobs were created in January, which was below […]

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U.S. equities were up-and-down during this holiday-shortened week, as mixed earnings and economic reports weighed heavily on the markets. In economic news, data showed China’s manufacturing activity contracting in January, which caused the CBOE Volatility index to spike 11% – its biggest one-day jump since December 11. On the corporate front, Verizon, Travelers, Norfolk Southern, […]

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U.S. equities started the week on a sour note once again, though they managed to recover slightly on Tuesday and Wednesday following upbeat economic and earnings data. Retail sales for December rose 0.2%, versus the expected 0.1%; excluding auto sales, retail sales rose 0.7%. On the corporate front, JP Morgan, Citigroup, and Wells Fargo reported […]

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U.S. equities got off to a rocky start this week, as markets continued to struggle to find a definitive direction in the New Year. On the economic front, the ISM Non-Manufacturing Purchasing Managers Index for December slipped to 53 from 53.9. Elsewhere, the U.S. trade deficit narrowed to $34.25 billion, versus the expected $40 billion. […]

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Wall Street was in for yet another whirlwind year in 2013, with several major U.S. equity indexes breaking new all-time record highs. Bullish momentum continued to a be a dominant force despite several headwinds, including Washington’s budget battles, taper talks, and mixed economic data from around the globe. On the ETF front, however, the industry wrapped […]

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All eyes were on the Federal Reserve this week after the central bank announced that it would begin tapering its bond-buying program. In his final news conference, Bernanke commented “Today’s policy actions reflect the assessment that the economy is continuing to make progress, but that it also has much farther to travel before conditions can […]

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Wall Street marked its second-straight weekly decline, as investors continued to weigh the possibility of the Federal Reserve tapering its bond buying purchases in the near future. Last week, investors paid close attention to speeches by Federal Reserve bank presidents James Bullard and Richard Fisher, which indicated that tapering could begin as early as this month. On […]

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U.S. equities were once again in the red for the majority of the week, as investors weighed the prospect of the Fed tapering its bond-buying program. In economic news, U.S. initial jobless claims rose by 68,000 to 368,000 in the latest week; analysts had expected the figure to come in at 328,000. Meanwhile, investors focused […]

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U.S. equities were in the red this week as upbeat economic data had investors weighing the possibility of the Fed scaling back its stimulus program in the near future. On the labor front, 215,000 private sector jobs were added last month, up from 130,000 in October and above the expected 178,000. The Commerce Department also reported […]

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