12 Reasons Markets Moved This Week
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Dow 11,577 S&P500 1,257 Nasdaq 2,652 Gold 1,421
The markets closed the week flat on light volume. (Markets were closed Friday.) Happy New Year!!
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Now, for the 12 reasons markets moved this week:
- China (NYSE:FXI) tightened rates over Christmas weekend. The 25 basis point move sure made less waves than if over half Wall Street was at work. Let’s See How US Treasuries are Reacting to China’s Tighter Rates >>
- New study shows not all bailed out banks (NYSE:XLF) will survive. 98 banks may become black holes for TARP. Don’t Miss: The One Reason You MUST Own Gold and Silver >>
- Oil (NYSE:USO) finally takes a breather. China’s move to tighten splashed cold water on the red hot commodity. What Bubble? Commodities Have More Upside in 2011 >>
- Homebuilders (NYSE:XHB) witnessed another overall housing price decline of 1.3% in the month of October.20 cities were evaluated within the Case-Shiller Index. Here’s Why Case-Shiller Shows House Prices are Double-Dipping
- Gold (NYSE:GLD) and Silver (NYSE:SLV) both outperformed the returns of the Dow Jones (NYSE:DIA), S&P 500 (NYSE:SPY) and the Nasdaq (NASDAQ:QQQQ).Is the rise in precious metals poised to continue or headed for choppy waters?Don’t Miss: 3 Things That Could Halt Gold’s Run.
- Today’s Consumer Confidence survey release missed analyst expectations.Analysts expected a release of 55.8 and were met with a reality check of 52.5. Even though more people were holding shopping bags this holiday season, it appears consumers are still fearful of a fast economic recovery. Your Ultimate Cheat Sheet to Consumer Confidence>>
- Weather delays hindering travelers and holiday vacation continue to slow the December trading volume on Wall Street. A report released by by the Office of the Comptroller of the Currency and Office of Thrift Supervision discovered Q3 foreclosures were on the rise. The number of completed foreclosures rose to nearly 245,000 in Q3, an 11.2%increase from the prior quarter. Time to checkout: Your Cheat Sheet to the Foreclosure Crisis.
- The S&P 500 is headed for its best December since 1991. The S&P has gained 6.8% this month and rose in 17 of the last 20 trading sessions. Learn how U.S. companies dodge repatriation taxes>>
- Gold (NYSE:GLD) barely had a heartbeat today. But this rare earth miner delivered major upside. Don’t Miss: What Bubble? Commodities Have More Upside in 2011 >>
- Mortgage rates continue to rise as the 30-year fixed rate hit 4.86% this week, the highest level in seven months. Wondering if you qualify for an attractive mortgage rate? You Cheat Sheet to Credit Reports and Scores>>
- Technically, the markets ticked higher in the early morning and made a lower high in the afternoon. This morning, the market was hit with great news on the initial jobless claims front, pending home sales and a better than expected Chicago PMI release. See: Macro Economic Mashup: Good News for Jobless Claims and Existing Homes Sales>>
- The AAII Sentiment Survey released today shows an increase in bearish sentiment. See how this week’s survey compares to historical averages: AAII Sentiment Survey: Bullish Sentiment Dips, But Still at High Levels>>
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