The tug of war between the bulls and bears continues on Wall Street as investors digested yet another plateful of mixed earnings results coupled with encouraging economic data. The Nasdaq remains at the front of the pack for the week, gaining 0.67% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains of 0.36%. Euphoria across equity markets created headwinds for the U.S. dollar for a third day in a row this week, which has helped beat down commodity prices to edge higher. Gold fell victim to choppy trading on Thursday, although bearish pressures tipped the precious metal lower and futures prices settled just below $1,660 an ounce [see also Earnings Spotlight: Freeport McMoRan (FCX)]. Financials led the way higher on the day, although fundamental developments in the sector were a mixed bag; investors were cheerful to see Bank Of America beat analyst estimates, although Morgan Stanley [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Tumbles On EIA Report, IYT Rises On Crude’s Fall Daily ETF Roundup: UNG Surges On Weather Forecast, IYT Tumbles On Crude Spike Daily ETF Roundup: UNG Tumbles On Storage Report, IYT Continues Higher Daily ETF Roundup: IYT Jumps, UNG Continues Slide Daily ETF Roundup: UNG Slides, IYT Soars
The tug of war between the bulls and bears continues on Wall Street as investors digested yet another plateful of mixed earnings results coupled with encouraging economic data. The Nasdaq remains at the front of the pack for the week, gaining 0.67% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains of 0.36%. Euphoria across equity markets created headwinds for the U.S. dollar for a third day in a row this week, which has helped beat down commodity prices to edge higher. Gold fell victim to choppy trading on Thursday, although bearish pressures tipped the precious metal lower and futures prices settled just below $1,660 an ounce [see also Earnings Spotlight: Freeport McMoRan (FCX)]. Financials led the way higher on the day, although fundamental developments in the sector were a mixed bag; investors were cheerful to see Bank Of America beat analyst estimates, although Morgan Stanley [...]
Click here to read the original article on ETFdb.com.
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