The bulls ran will on Wall Street as fairly upbeat commentary from the Fed coupled with better-than-expected retail sales data paved the way higher for stocks across the board. The Nasdaq led the way higher, gaining 1.88% on the day, while the Dow Jones Industrial Average lagged behind, although not by much, inching higher by 1.68%. Crude oil prices took traders for a wild ride amidst the stock market euphoria; prices hit a low near $105.80 a barrel barrel in early morning trading, only to climb as high as $107.35 a barrel around noon [see also Why You Should Sell UNG, Buy FCG]. Positive economic data on the home front rightfully set the tone for a broad-based rally. The NFIB Index, which measures small business optimism, came in at 94.3, inching past the previous reading of 93.9. Retail data further bolstered investors’ confidence; sales in February grew by 1.1%, posting a modest [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLF Jumps On U.S. Data, GLD Slumps On Profit Taking November ETF Stats: Small Step Back Daily ETF Roundup: XLF Soars On Euro Zone Hopes, GLD Continues Slide On Market Optimism August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Daily ETF Roundup: XLF Tumbles On BAC Lawsuit, GLD Surges On Easing Concerns
The bulls ran will on Wall Street as fairly upbeat commentary from the Fed coupled with better-than-expected retail sales data paved the way higher for stocks across the board. The Nasdaq led the way higher, gaining 1.88% on the day, while the Dow Jones Industrial Average lagged behind, although not by much, inching higher by 1.68%. Crude oil prices took traders for a wild ride amidst the stock market euphoria; prices hit a low near $105.80 a barrel barrel in early morning trading, only to climb as high as $107.35 a barrel around noon [see also Why You Should Sell UNG, Buy FCG]. Positive economic data on the home front rightfully set the tone for a broad-based rally. The NFIB Index, which measures small business optimism, came in at 94.3, inching past the previous reading of 93.9. Retail data further bolstered investors’ confidence; sales in February grew by 1.1%, posting a modest [...]
Click here to read the original article on ETFdb.com.
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