Daily Data Flow: Stocks Fall on Decreased Confidence; Gold Profits off Stock Fall; Nikkei Hits 4-1/2-Year High

Daily Data Flow

Stocks Fall on Decreased Confidence (Bloomberg)
Reports of a decline in March’s consumer confidence levels contributed to a fall in stocks today, snapping the Dow’s ten-day streak of daily growth. “This is a market that is digesting, it’s a market that is in watchful wait mode, and waiting either to continue this pullback or getting ready for the next leg,” Quincy Krosby, a market strategist for Newark, New Jersey-based Prudential Financial Inc., said. “It’s healthy to have these gaps between run-ups.”

Gold Grows on Weakness Elsewhere (CNBC)
Today the price of gold rose, as both U.S. and European stocks fell. Much of gold’s rise is attributable to expectations that the U.S. Federal Reserve will continue its monetary easing policies. “The Fed said it is going to expand its balance sheet for a while, and for that reason inflation and inflation-related data are not a concern, whereas it is clearly a factor for gold that monetary easing in key markets continues,” Danske Bank analyst Christin Tuxen said.

Nikkei Hits 4-1/2-Year High (Reuters)
While U.S. stocks fell today, Japan’s Nikkei rose to a four and a half-year high, thanks to high hopes for the Bank of Japan’s new leadership and expectations for aggressive monetary easing. “Approval by the upper house will boost hopes for more decisive and swift policy easing,” said Yoshiyuki Kondo, an analyst at Daiwa Securities.

Exclusive  Small-Cap Companies Power Curent Market Optimism

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

The U.S. Federal Reserve dealt an unkind blow to four of the largest banks, slapping their “stress test” capital plans back at them.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE