Investors were spooked today by more bad news from Europe as the ECB made an unexpected move. Almost every major asset class took a nosedive on the day as traders feel that Friday’s European summit will not bring the good news that many had been hoping for. The DOW lobbed off nearly 200 points and closed below 12,000 after a nice rallying period to start the month. The S&P 500 lost grip on the 1,240 mark that many hoped would act as a resistance level; the index dropped over 2.1% for the total session. Though it was a choppy day for gold, the precious metal was finally able to break its correlation rut and feature a small jump on the day. But the hardest hit, no doubt, was crude oil, as the commodity lost 2.5% and finished at $98/barrel [see also 25 Ways To Invest In Crude Oil]. [click to continue…]
UBS, the issuer behind one of the broadest lineups of ETNs available to U.S. investors, continued the aggressive expansion of its product lineup this week with the introduction of two unique offerings. The company rolled out a pair of blunt instruments designed to be used in high level “risk on / risk off” trades, a [...]
Today started off on a rough note, as more troubles in Europe combined with the still unresolved debt crisis that has only a week left in its timetable. Stocks made a climb during midday to nearly break even, but then tumbled to finish out the day. The Dow lobbed off nearly 200 points while the S&P saw [...]
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 [...]
Stocks got off to a weak start on Thursday but managed to regain some momentum throughout the trading session and close out the day in green territory. Domestic equity indexes were mixed: The Dow Jones Industrial Average led the way higher with a 0.96% gain on the day, while the NASDAQ lagged behind, clinching a [...]
Euro zone euphoria spilled over onto Wall Street yet again, carrying stocks higher to close out the trading session in bright green territory. Tech stocks led the way higher with the NASDAQ clinching a 1.20% gain on the day, while the Dow Jones Industrial Average lagged behind, inching higher by just 0.84% for the day. [...]
Stocks finished the day in bright green territory as Euro zone euphoria paved the way higher for equities all around the globe. One the home front, the NASDAQ led the way higher with a 2.2% gain on the day, while the S&P 500 Index climbed 1.88%. Gold and oil both went along for the ride [...]
After closing one of the better weeks in recent memory, investors were content to see most major asset classes finish out the week in the black. As October comes to a close and we enter the Halloween weekend, the outlook on the overall economy is anything but scary. In fact, with a stunning GDP growth, [...]
Today saw another market rally as investors grew more and more hopeful that there will be some sort of detailed plan from the European nations by the end of the day. Talks had been seemingly deadlocked and overly delayed, causing a bit of panic in equities yesterday. Today saw major steps by countries like Germany [...]
American markets rose again in Thursday trading as some of the world’s most important central banks launched a coordinated effort to provide dollar liquidity to market participants through the end of the year. Thanks to this bold move by the ECB, SNB, BOJ, and BOE, as well as coordination from the Fed, the Dow managed [...]
American equity markets started the day on a weak note thanks to troubles in Europe, but surged in the final few hours of trading on hopes of a solution in Greece. The Dow finished the day up by 1.3% while the broader indexes posted better performances, gaining 1.4% for the S&P 500 and 1.6% for [...]
