Stocks were able to climb out of their hole to finish out the week in positive territory, despite abysmal markets mid-way through the week. The S&P 500 was able to tack on 0.4% on the day while the Dow was able to make mild gains to erase its near 200 point nosedive on Tuesday. Today’s gains were spurned by strong jobs data, as this is the third consecutive month that has seen significant jobs growth. “Employers added 227,000 jobs last month, finishing three of the best months for hiring since the recession began, the government said before the market opened. The unemployment rate was unchanged at 8.3 percent as workers streamed into the labor force” writes Daniel Wagner. [click to continue…]
After recently rolling out a suite of ETFs linked to popular S&P indexes, Vanguard continued its push to grab a larger share of the ETF market on Wednesday by introducing seven new products linked to Russell benchmarks. The new Vanguard ETFs include:
U.S. equity markets rose for the second straight day as the Dow and Nasdaq posted 1% gains and the S&P 500 ended higher by 0.8% to finish the week above the 1,100 mark. Two solid days in a row reignited traders’ demand for risky securities which sent gold down more than $7/oz. and pushed up [...]
Equity markets fell sharply again to finish the week, as the Dow posted another triple digit loss after one of the wildest trading days in history on Thursday. The tech heavy Nasdaq sank by 2.3% while European equities also fell as Greek debt issues remained in focus and Britain’s general election vote ended in a [...]
Fidelity Investments announced today that it will offer its retail customers commission-free online trades for a suite of 25 iShares ETFs. The funds included in the commission-free platform include ETFs in all nine domestic equity style/size categories, as well as international equity and fixed income options. “Fidelity has partnered with the leading ETF provider in [...]
Leveraged ETFs were in the headlines a great deal in 2009, but most of the coverage was less than favorable. Misinformation on these products was widespread throughout the year, leading to confusion on many aspects of these products and some unfair generalizations. One of the primary points of discussion was the performance of leveraged ETFs [...]
When discussing their portfolios and asset allocation tactics, many investors and advisors indicate their preference for either value and growth investing in an effort to define their general investment strategy. ETF investors are no different, with dozens of funds that tilt their holdings towards each strategy offering ways to construct portfolios designed to take advantage [...]
Unemployment was the story of the day on Friday, as a report from the Labor Department showed that unemployment unexpectedly declined to 10.0% in November. Only 11,000 jobs were shed in the U.S., the best monthly showing since December 2007. Economists had predicted a loss of 125,000 jobs and an unemployment rate holding steady at [...]
The recovery showed signs of falling into chaos on Thursday, with Treasury Secretary Geithner facing a firestorm in Washington as lawmakers called for his resignation and Dell reported a decline in profits of more than 50%. Elsewhere in the world, EU leaders (as expected) selected Belgian Premier Herman van Rompuy as the bloc’s first full-time [...]
The wild ride on Wall Street continued on Thursday, with stocks posting big gains as Starbucks and CBS posted profits and retail sales moved slightly higher for the last month. Cisco led tech stocks higher, driving the Dow to a gain of more than 200 points for the first time in three months. The ETFdb [...]