American equity markets started the day on a weak note thanks to troubles in Europe, but surged in the final few hours of trading on hopes of a solution in Greece. The Dow finished the day up by 1.3% while the broader indexes posted better performances, gaining 1.4% for the S&P 500 and 1.6% for the Nasdaq. Commodities, on the other hand, largely finished the day down as gold’s safe haven appeal declined, sending the precious metal below the $1,825/oz. level while oil fell off its recent highs, sinking by about 1.8% in comparison. Softs were more mixed on the day as many grains rebounded from yesterday’s slump while livestock products finished in the green pretty much across the board. In currency trading, the dollar fell broadly against most currencies, sinking by about half a percent against the euro and about 0.3% against the yen. The greenback did, however, rise against the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VGK Slides On More Contagion Fears, GDX Jumps As Gold Hits $1,600 Daily ETF Roundup: VGK Soars On European Optimism, GDX Continues Slide Daily ETF Roundup: VGK Capsizes, GDX Spikes Daily ETF Roundup: GDX, VGK Jump Daily ETF Roundup: GDX Sinks, VGK Surges
American equity markets started the day on a weak note thanks to troubles in Europe, but surged in the final few hours of trading on hopes of a solution in Greece. The Dow finished the day up by 1.3% while the broader indexes posted better performances, gaining 1.4% for the S&P 500 and 1.6% for the Nasdaq. Commodities, on the other hand, largely finished the day down as gold’s safe haven appeal declined, sending the precious metal below the $1,825/oz. level while oil fell off its recent highs, sinking by about 1.8% in comparison. Softs were more mixed on the day as many grains rebounded from yesterday’s slump while livestock products finished in the green pretty much across the board. In currency trading, the dollar fell broadly against most currencies, sinking by about half a percent against the euro and about 0.3% against the yen. The greenback did, however, rise against the [...]
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