Stocks plunged lower on Tuesday as investors expressed their concerns over the ongoing parliamentary elections in the debt burdened currency bloc overseas. Uncertainty levels intensified after Greece failed to form a coalition government, leading to a wave of profit taking across equity markets all around the globe. Amidst the resurfacing debt drama, gold faced major headwinds; futures prices for the precious yellow metal broke below $1,600 an ounce, sinking over 2% on the day [see also Have Gold ETFs Lost Their Luster?].
[click to continue…]
The global economy seems to be screeching to a halt, as the first two trading days of the week marked some of the toughest on the year. While major benchmarks have been surging for the majority of 2012, they are slated to report a loss this week, as investors continually worry over the safety of [...]
Wall Street was fairly tame these last few trading days of the year as light volume trading and an uncertain economic backdrop gave way to a less-than-spectacular finale to one of the most volatile years in financial history. Amongst the major domestic equity indexes, the Dow Jones Industrial Average was the only one to finish [...]
Equity markets inched higher last week as news from the Euro zone was sparse, while economic data releases on the home front surprised to the upside. The final trading week of one of the most volatile periods in financial history is sure to abundant with more of the same: excitement, drama, and perhaps even the [...]
Euro zone worries took a backseat as investors instead turned their attention to the latest U.S. housing market data. The bulls came charging through Wall Street on Tuesday as new home starts in November surged to multi-month highs, showing signs of life in the battered down housing market. The Nasdaq charged ahead with a strong [...]
After the best performance since early 2009, markets finished today relatively flat as no major data or news had an effect on stocks. Both the Dow and S&P dipped by about 0.20% while the NASDAQ jumped by that same amount. Gold suffered by just $1/oz. while oil saw slight losses but was able to hold [...]
This past week featured volatility that has become all too familiar to investors. The week started off on a strong note as news from the euro-zone seemed to point in a positive direction, only to have the exact opposite reaction on Wednesday. After a shaky guidance from Europe hit home in the middle of the [...]
Euro zone debt woes took investors for another roller coaster ride as uncertainty from overseas led to volatile trading across equity markets all over the globe. Investors were spooked early in the week after Greek Prime Minister George Papandreou announced a proposal for a referendum to the three-pronged “bailout plan” proposed by EU leaders earlier [...]
Stocks got off to a fairly weak start on Monday as investors took profits off the table given last weeks monster gains. Euro zone debt woes resurfaced on Tuesday, dragging down equity markets all over the globe, after Greek Prime Minister, George Papandreou, put the latest “bailout plan” to a referendum. Greek default fears returned [...]
Halloween day was certainly a spooky one for investors, as one of the best months in years ended on a terrible note. The Dow surrendered over 275 points while the S&P 500 was the biggest loser with a near 2.5% decrease. What is perhaps more surprising is that the NASDAQ was the best performing of the three benchmarks; that [...]
Improving optimism over the Euro zone debt negotiations coupled with positive earnings and economic data releases at home pushed stock markets higher last week. Investor confidence improved considerably as domestic equity indexes climbed higher above key resistance levels and held onto gains the entire week. Bailout talks in the Euro zone reignited fears of inflation, [...]
