The US markets ended mostly in red on Wednesday as a lack of major U.S. economic kept some traders on the sidelines ahead of the release of several key reports in the coming days. On Thursday, the Labor Department is scheduled to release its report on producer price inflation in the month of February, which may shed additional light on the outlook for interest rates. Producer prices are expected to rise by 0.3 percent in February, matching the increase seen in January, while the annual rate of producer price growth is expected to accelerate to 1.1 percent from 0 .9 percent. Reports on weekly jobless claims and retail sales are also due to be released on Thursday, with retail sales expected to rebound in February after slumping in January.
On the sectoral front, most of the major sectors showed only modest moves on the day, contributing to the lackluster performance by the broader markets. Energy stocks saw considerable strength, however, with a sharp increase by the price of crude oil contributing to the strength in the sector. With crude for April delivery spiking $2.16 to $79.72 a barrel, the NYSE Arca Oil Index surged by 2.3 percent and the Philadelphia Oil Service Index shot up by 1.9 percent. An increase by the price of gold also contributed to considerable strength among gold stocks, as reflected by the 2.2 percent jump by the NYSE Arca Gold Bugs Index. On the other hand, semiconductor stocks showed a significant move to the downside, dragging the Philadelphia Semiconductor Index down by 2.5 percent.
Nasdaq fell 87.87 points or 0.54 percent to 16,177.77 and S&P 500 was down by 9.96 points or 0.19 percent to 5,165.31, while Dow Jones Industrial Average added 37.83 points or 0.1 percent to 39,043.32.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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