Stocks bounced back higher on Wednesday as investors took the opportunity to scoop up beaten down securities on the cheap following Tuesday’s massive sell-off. With no news headlines from the Euro zone, trading was quite tame on Tuesday as investors turned to the FOMC decision on the home front. The Fed left interest rates unchanged as expected, and surprisingly, volatility did not sweep over Wall Street as Ben Bernanke addressed the nation. The chairman made no announcements of further stimulus, although many economists are anticipating some sort of QE3 in the not too distant future. Gold inched a bit higher amidst the uncertainty, and the precious metal closed near $1,730 an ounce for the day. The European Central Bank is slated to announce its decision regarding interest rates later today and analysts are expecting for the rate to remain unchanged at 1.5%. Investors will be paying close attention to the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Can Earnings Trump Euro Drama? Thursday’s ETF Chart To Watch: Rydex CurrencyShares Euro Trust (FXE) ETF Insider: Greece Flirts With Default Three ETFs To Watch This Week: PBJ, FXE, KROO Thursday’s ETF To Watch: CurrencyShares Euro Trust (FXE)
Stocks bounced back higher on Wednesday as investors took the opportunity to scoop up beaten down securities on the cheap following Tuesday’s massive sell-off. With no news headlines from the Euro zone, trading was quite tame on Tuesday as investors turned to the FOMC decision on the home front. The Fed left interest rates unchanged as expected, and surprisingly, volatility did not sweep over Wall Street as Ben Bernanke addressed the nation. The chairman made no announcements of further stimulus, although many economists are anticipating some sort of QE3 in the not too distant future. Gold inched a bit higher amidst the uncertainty, and the precious metal closed near $1,730 an ounce for the day. The European Central Bank is slated to announce its decision regarding interest rates later today and analysts are expecting for the rate to remain unchanged at 1.5%. Investors will be paying close attention to the [...]
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