iBankCoin
Home / Market Update (page 32)

Market Update

ETF Corner

Here is today’s action in the ETF world:

Gainers: SOXL, UMDD, PEK, MIDU, XPP

Losers: UVXY, SOXS, MIDZ, SMDD, SSG

Most Heavily Shorted: XRT, RTH, FXE, XOP, FXY

Discounted to NAV: EGRW, QQQV, QQQM, SZR, JFY

Top Performers: SVXY, ITB, BIB, RETL, CURE

Most widely held stocks by ETFs: $CHL, $LFC, $MSFT, $TSM, $FSX

Source

Comments »

Circle Jerk Trade, U.S. Equities Open and Trade on Low Volume in Sandy’s Aftermath

U.S. equities opened higher to find itself in the red by lunch time. By the close the markets made a comeback to go green and essentially close flat on the day.

Trading took place on a wait and see basis as to whether technological connectivity would allow for normal trade.

The DOW closed down 10 @ 13,097

S&P up .23 @ 1,412

NASDAQ down 10 @ 2,977

WTI up $0.49 @ $86.18

Gold up $13 @ $1,721.7

Market update

The Story

Just for fun i thought a positive song for America was in classic fashion given our “disaster.”

[youtube://http://www.youtube.com/watch?v=w8i500NGJsw 450 300]

Comments »

European Markets Lift on Good Earnings Reports

 

European (SXXP) stocks climbed, heading for a fifth straight month of gains, as Air France-KLM (AF) Group and Deutsche Lufthansa AG (LHA) posted earnings that beat estimates. U.S. index futures and Asian shares also advanced.

Air France-KLM and Lufthansa, Europe’s two largest airlines, both rallied at least 7 percent.ArcelorMittal (MT) declined 4.8 percent after the world’s biggest steelmaker posted its lowest quarterly profit in almost three years. BG Group Plc (BG/) sank 17 percent after it forecast production growth that disappointed investors.”

Full report

Comments »

S&P Futures Right on Target…Historically Speaking

“Stocks Historically Move Little Day after Emergency Closures..

If history is any guide, stocks won’t change much when the exchanges re-open, now scheduled for Wednesday.

CNBC compiled a chart of the last 13 emergency-related market closures going back to 1945. On the day that the market re-opened, the Standard & Poor’s 500 inched down an average of 0.05 percent, and the Dow Jones Industrial Average eased 0.17 percent.

If the markets match that average when they re-open now, the S&P 500, currently 1,411.94, would shed less than a point. And the Dow, now 13,107.2, would fall 22 points.”

Full article

S&P Futures

 

Comments »

European Markets Rally on Good Earnings Reports

 

European stocks rose as companies from BP Plc (BP/) to Deutsche Bank AG (DBK) reported earnings that topped estimates. Asian shares and U.S. futures were little changed as Hurricane Sandy closed New York markets for a second day.

BP, Europe’s second-biggest oil company, gained 5 percent and Deutsche Bank, Germany’s largest lender, advanced 3.8 percent. UBS (UBSN) AG, Switzerland’s biggest bank, jumped to a 15- month high after raising a profitability goal. Danske Bank (DANSKE) A/S tumbled 6.8 percent on plans to sell new shares.”

Full article

Comments »