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June 12, 2012 at 17:58 PM EDT
Daily ETF Roundup: PBW Rises With Optimism, VXX Turns Lower
Markets finally caught their break today, as positive reports from both sides of the Atlantic helped boost investors’ confidence. When Euro Zone central bankers called for more unified efforts towards staving off sovereign-debt defaults, investor fears seemingly vanished, making yesterday’s rapid and panicked sell off “old news”. Optimism from the Federal Reserve helped bolster this renewed enthusiasm on Wall Street, pushing domestic equities into positive territory; the Dow Jones Industrial Average rallied 0.9%, while the S&P 500 and Nasdaq charged ahead with a 0.8% and 0.7% gain respectively [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Federal Reserve Bank of Chicago President Charles Evans announced today his expectations for the future of the U.S. economy, citing that he is “hopeful, but it could get rocky “. Evans further expressed his confidence in the strength of the U.S. economy and its continued resilience against the Euro Zone debt crisis, but stressed that further monetary stimulus should be [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Jumps On Uncertainty, PBW Sinks With Profit Taking Daily ETF Roundup: VXX Surges Nearly 10% On Market Woes, PBW Dips On Obama Speech Daily ETF Roundup: VXX Rises On Jobs Uncertainty, PBW Tumbles After Solyndra Bankruptcy Daily ETF Roundup: VXX Skyrockets On Market Crash, PBW Plummets On Slowdown Fears Daily ETF Roundup: PBW Tanks On Risk Aversion & Oil, VXX Jumps On Continued Uncertainty
Markets finally caught their break today, as positive reports from both sides of the Atlantic helped boost investors’ confidence. When Euro Zone central bankers called for more unified efforts towards staving off sovereign-debt defaults, investor fears seemingly vanished, making yesterday’s rapid and panicked sell off “old news”. Optimism from the Federal Reserve helped bolster this renewed enthusiasm on Wall Street, pushing domestic equities into positive territory; the Dow Jones Industrial Average rallied 0.9%, while the S&P 500 and Nasdaq charged ahead with a 0.8% and 0.7% gain respectively [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Federal Reserve Bank of Chicago President Charles Evans announced today his expectations for the future of the U.S. economy, citing that he is “hopeful, but it could get rocky “. Evans further expressed his confidence in the strength of the U.S. economy and its continued resilience against the Euro Zone debt crisis, but stressed that further monetary stimulus should be [...]

Click here to read the original article on ETFdb.com.

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