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 positive reaction on Wall Street after last Friday’s GDP report [see also Free Report: How To Pick The Right ETF Every Time].
Innovation remains a dominant and exciting theme in the ETF universe, although as with any financial instrument, with growth and evolution also comes increasing complexity and newly discovered nuances. The towering lineup of over 1,400 exchange-traded products is probably intimidating for many investors who are new to industry and aren’t exactly sure where (or how) [...]
Equity markets broadly charged higher on Wednesday following the latest FOMC announcement coupled with stellar earnings from Apple. On Wall Street, the Nasdaq took the lead, gaining an impressive 2.30% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by 0.69% as the trading session drew to a close. As many [...]
Equity markets drifted sideways for the most part on Tuesday, managing to post a positive performance as the trading session drew to a close, despite weaker-than-expected economic data. On Wall Street, the Dow Jones Industrial Average took the lead, gaining 0.58% on the day, while Apple’s lackluster pre-earnings performance dragged the Nasdaq down 0.30% on [...]
After a bumpy session last week, stocks on Wall Street stumled out of the gates on Monday morning as more of the same uncertainty weighted on investors’ confidence. Earnings reports at home remain a mixed bag, making way for looming Euro zone debt woes, and ultimately paving the way for profit taking. On the home [...]
Investors got an unfriendly reminder of the looming Euro zone debt woes last week as resurfacing fears surrounding rising yields on Spanish government bonds paved the way for profit taking across the board. Earnings season at home remains a “mixed bag” judging by Wall Street’s movement last week, although surprises have been predominantly upbeat. As [...]
Markets were able to finish the week out with mild gains as strong earnings from General Electric and McDonald’s gave a much needed push to equities. The Dow jumped by 65 points while the S&P 500 gained a meager 0.1% as a late day sell-off put early gains in check. All in all, this was [...]
Equity markets staged a ferocious rebound today following Monday’s dismal sell-off. Investors brushed aside worse-than-expected economic data on the home front, instead focusing on upbeat commentary from the International Monetary Fund (IMF) as well as a successful Spanish bond auction overseas. On Wall Street, the Nasdaq charged ahead, clinching gains of 1.82% on the day, while the [...]
It seems that yesterday’s rumors of strong China GDP growth were merely that, rumors. GDP sank to 8.1%, the weakest in three years, causing stocks to erase Thursday’s bull run as volatility spiked yet again, marking one of the more active weeks in recent memory. The Dow lost over 130 points while the S&P surrendered [...]
The rough start to the week had a number worried over the fate of Q2, but the past two days have seen the bull train get back on track, as investors have cheered on positive data and earnings releases. Today saw Google beat estimates after the bell as well as announce an essential stock split, [...]
Equity markets regained their footing on Wednesday as bargain buyers swooped in following yesterday’s dismal sell-off. Stocks marched higher thanks to better-than-expected earnings from Alcoa coupled with upbeat commentary from the latest Fed Beige Book report. The Nasdaq led the way higher on the home front, gaining 0.84% on the day, while the Dow Jones [...]
