Despite the death of American icon and former Apple CEO Steve Jobs, American stocks rose yet again in Thursday trading, as investors bought up shares of securities across the board thanks to solid data and more hope from the ECB. The Dow gained about 1.7% on the session while the S&P posted a 1.8% jump and the Nasdaq led the way on the upside gaining 1.9% on the day. The banking sector was among the biggest winners on the day while large gains were also had in the basic materials and some corners of the tech market. For losers, most names in health care slumped while telecom and big oil also had trouble in Thursday’s session. In commodity markets, both oil and gold rose on the day as gold added about $11/oz. and oil continued its surge, rising by about 3.6% in today’s trading. In currency trading, the U.S. dollar [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Soars On Market Woes, EWZ Dives On Europe Concerns ETF Insider: The Dust Has Yet To Settle Daily ETF Roundup: EWZ Up On Inflation Report, VXX Finally Reverses On Jobs Report Daily ETF Roundup: VXX Sinks, EWZ Soars Daily ETF Roundup: VXX Surges, EWZ Sinks
Despite the death of American icon and former Apple CEO Steve Jobs, American stocks rose yet again in Thursday trading, as investors bought up shares of securities across the board thanks to solid data and more hope from the ECB. The Dow gained about 1.7% on the session while the S&P posted a 1.8% jump and the Nasdaq led the way on the upside gaining 1.9% on the day. The banking sector was among the biggest winners on the day while large gains were also had in the basic materials and some corners of the tech market. For losers, most names in health care slumped while telecom and big oil also had trouble in Thursday’s session. In commodity markets, both oil and gold rose on the day as gold added about $11/oz. and oil continued its surge, rising by about 3.6% in today’s trading. In currency trading, the U.S. dollar [...]
Click here to read the original article on ETFdb.com.
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