What started off as a down day saw markets turn things around and hold tight to cap off the week. Despite today’s minimal gains, markets were forced to ink a down week, marking only the second time that has happened this year. The S&P 500 gained 0.3% but was unable to break through the 1,400 barrier that it lost hold of earlier in the week. Luckily, the Dow was able to gain roughly 34 points and keep from sinking below the coveted 13,000 line that it worked for so long to pass. The only major data point on the day came from new home sales, which disappointed, however, home prices were still high, leading to a mixed outlook from the indicator [see also UBS Launches Leveraged Real Estate ETN (RWXL)]. Commodities took over during the session, as gold was able to amass gains of nearly 20 points. The precious metal [...] Click here to read the original article on ETFdb.com. Related Posts: August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Daily ETF Roundup: VXX Jumps On Weak Equities, TVIX Plummets 30% In Odd Day Daily ETF Roundup: GDX Jumps, VXX Falters Despite Weak Equities Daily ETF Roundup: VXX Jumps, GDX Slumps Three ETFs Trading At A Huge Premium To NAV (And Three Alternatives)
What started off as a down day saw markets turn things around and hold tight to cap off the week. Despite today’s minimal gains, markets were forced to ink a down week, marking only the second time that has happened this year. The S&P 500 gained 0.3% but was unable to break through the 1,400 barrier that it lost hold of earlier in the week. Luckily, the Dow was able to gain roughly 34 points and keep from sinking below the coveted 13,000 line that it worked for so long to pass. The only major data point on the day came from new home sales, which disappointed, however, home prices were still high, leading to a mixed outlook from the indicator [see also UBS Launches Leveraged Real Estate ETN (RWXL)]. Commodities took over during the session, as gold was able to amass gains of nearly 20 points. The precious metal [...]
Click here to read the original article on ETFdb.com.
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