Bullish momentum extended into Wednesday as investors rejoiced over encouraging earnings and economic data on the home front. The Nasdaq led the way higher, soaring 1.53% on the day, while the Dow Jones Industrial Average lagged behind, clinching a gain of 0.78%. Investors focused on better-than-expected quarterly results from Goldman Sachs, while Citigroup’s earnings miss received little to no attention on Wall Street. Gold continues to edge higher amidst earnings season euphoria, and futures prices for the precious yellow metal settled near $1,660 an ounce as the trading session drew to a close. According to data compiled by Bloomberg, roughly half of the companies in the S&P 500 have posted results surpassing analyst expectations so far this earnings season. Euphoria in the financials sector bolstered broad equity indexes higher as investors were pleasantly surprised to see Goldman Sachs beat estimates. The financial behemoth posted impressive results as the firm had [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Surges On Housing Starts, VXX Gets Clobbered By Strong Markets Daily ETF Roundup: VXX Soars On Shaky Markets, XHB Flails On Housing Outlook Daily ETF Roundup: VXX Plunges On Debt Ceiling Hopes, XHB Jumps On Housing Starts Number Daily ETF Roundup: VXX Sinks On Market Optimism, XHB Surges On Pulte Report ETF Insider: Euro Woes Weigh On Earnings
Bullish momentum extended into Wednesday as investors rejoiced over encouraging earnings and economic data on the home front. The Nasdaq led the way higher, soaring 1.53% on the day, while the Dow Jones Industrial Average lagged behind, clinching a gain of 0.78%. Investors focused on better-than-expected quarterly results from Goldman Sachs, while Citigroup’s earnings miss received little to no attention on Wall Street. Gold continues to edge higher amidst earnings season euphoria, and futures prices for the precious yellow metal settled near $1,660 an ounce as the trading session drew to a close. According to data compiled by Bloomberg, roughly half of the companies in the S&P 500 have posted results surpassing analyst expectations so far this earnings season. Euphoria in the financials sector bolstered broad equity indexes higher as investors were pleasantly surprised to see Goldman Sachs beat estimates. The financial behemoth posted impressive results as the firm had [...]
Click here to read the original article on ETFdb.com.
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