The stock market has been unnervingly similar to a pendulum lately. One day European bond markets have investors shaking in their boots, leading to a massive sell-off and pushing the pendulum into the red -- while the next day all is forgotten and the pendulum swings back into the green. Today, investors had a change to exhale while European debt was financed at acceptable levels; the Dow Jones Industrial Average
Not up to expectations?
Not only did the Nasdaq recoil with the pre-close Apple decline, but it also took a hit from the freefalling Netflix
Economic data didn't take its toll on the markets today -- it pretty much stayed unnoticed. The latest Case-Shiller report came out today, stating that U.S. single-family homes took a step in the right direction by showing price increases for the first time in almost a year. This is great news for a sector that's been in shambles since 2008. However, actual home sales decreased to their lowest level in four months.
In line with home sales, consumer confidence also decreased in April. However, tomorrow will be a telling day, with the Federal Open Market Committee meeting to discuss the state of the economy. This meeting gets a lot of close scrutiny because it can decide future monetary policy, and it could also carry political ramifications. This being the final year of the current presidential term, it's imperative to stay current with current political agendas and the benefits or consequences they can cause to your portfolio. We can help you do just that with "Stocks That Could Skyrocket After the 2012 Presidential Election." Get a free copy of this insightful report now!
Joel South and The Motley Fool own shares of Apple. Motley Fool newsletter services have recommended buying shares of Netflix and Apple and creating a bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.