From the category archives:

Daily ETF Roundup

U.S. equities snapped their multi-day winning streak today, as investors digested a mixed bag of economic and earnings reports. Beverage giant Coca-Cola (KO) reported weaker-than-expected sales, while Goldman Sachs (GS) posted earnings per share of $3.70, well past the $2.82 estimate. Johnson & Johnson (JNJ) also posted better-than-expected earnings. In economic news, the consumer-price index for June rose slightly more than expected and June industrial production also saw an increase. The National Association of Homebuilders’ housing market index also beat analyst expectations. Meanwhile, investors remained cautious ahead of Fed Chairman Ben Bernanke’s semiannual testimony on monetary policy to Congress on Wednesday and Thursday [see The Cheapest ETF for Every Investment Objective].

[click to continue…]

{ Comments on this entry are closed }

U.S. equities got off to a strong start this week with the Dow Jones Industrial Average and S&P 500 logging in record closes. Though trading was relatively light, investors turned their attention to China’s GDP figures; the nation’s annual economic growth slowed to 7.5% in the second quarter from 7.7%. In other economic news, retail sales rose just 0.4% in June, greatly missing expectations of a 0.8% uptick. Meanwhile, New York State’s manufacturing sector grew 9.46 in July from 7.84 in June [see The Cheapest ETF for Every Investment Objective].

[click to continue…]

{ Comments on this entry are closed }

U.S. equities ended little changed today as investors digested a slew of corporate news and earnings, as well as Bernanke’s commentary from earlier this week. JPMorgan Chase (JPM) reported earnings and revenue that were well above Wall Street expectations. Wells Fargo & Co. (WFC) also posted better-than-expected results, with profit rising 20% in the second quarter. Shares […]

{ Comments on this entry are closed }

Dovish comments from Fed Chairman Ben Bernanke sent U.S. equities surging higher today, finishing near record levels. In his press conference after the closing bell on Wednesday, Bernanke stated that monetary policy would remain accomodative for the foreseeable future, even if the unemployment rate fell to the central bank’s target rate of 6.5%. In economic […]

{ Comments on this entry are closed }

U.S. equities ended the day barely changed as investors turned their focus to the the latest FOMC minutes and Ben Bernanke’s press conference. The minutes hinted that central bank officials are divided on when the Fed should begin scaling back its massive bond-buying program. The minutes stated that “Several members judged that a reduction in […]

{ Comments on this entry are closed }

U.S. equities ended in positive territory once again today after the second quarter earnings season kicked off on a relatively positive note. Yesterday, bellwether Alcoa reported adjusted earnings that were higher than expected, while revenues fell in line with expectations. In economic news, the National Federation of Independent Business reported that its small-business optimism index […]

{ Comments on this entry are closed }

Following a holiday-shortened week, U.S. equities logged in their three-session win streak ahead of the unofficial kickoff of the Q2 earnings season. After the closing bell, aluminum giant Alcoa (AA) reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether’s EPS at a mere 7 cents per share. Later this […]

{ Comments on this entry are closed }

Despite a relatively good start to the month, U.S. equities slid into red territory during today’s volatile and thin trading session. Though jitters over Friday’s key labor report and a spike in crude prices pushed stocks lower, investors did welcome a pair of upbeat economic reports. According to the Commerce Department, factory orders increased 2.1% […]

{ Comments on this entry are closed }

Wall Street started off the month of July with a bang, with bullish momentum returning full force on upbeat economic data. Fueling today’s rally, the Institute for Supply Management reported that its manufacturing purchasing managers index rose to 50.9 in June, up from last month’s reading of 49 (a reading above 50 indicates industry expansion). […]

{ Comments on this entry are closed }

U.S. equities closed higher once again today, as investors weighed today’s GDP report against the possibility of the Fed scaling back its bond buying program. According to the Commerce Department, the U.S. economy grew by 1.8% during the first quarter of 2013, revised downward from the previous reading of 2.4%. The underwhelming report had investors […]

{ Comments on this entry are closed }

A slew of better-than-expected economic reports helped U.S. equities erase most of the previous session’s losses during today’s session. The S&P Case-Shiller 20-City home price index was reported to have risen 12.1% in April from a year earlier, topping analysts forecasts of an 11.1% increase. Durable goods orders also beat expectations, rising 3.6% in May from […]

{ Comments on this entry are closed }

Daily ETF Roundup: XLF Slumps, HAO Tumbles

by on June 24, 2013 | Updated June 25, 2013

Wall Street started off the week on a sour note after a volatile U.S. Treasuries trading session sparked a sell-off in equity markets. Investors also paid close attention to commentary from Fed officials; Dallas Fed President Richard Fisher stated his support of the central bank tapering its bond-buying program, but emphasized the need for the […]

{ Comments on this entry are closed }