Domestic equity markets got off to an explosive start as Fed Chairman Ben Bernanke expressed his concerns regarding the ongoing recovery and reaffirmed his support of accommodative policies as deemed necessary. Stocks rallied higher as investors were relieved to see that the central bank is committed to promoting the recovery even if it entails another round of quantitative easing [see also How To Play A Treasury Bubble With ETFs]. On the home front, the Nasdaq led the way higher, gaining 1.78% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by 1.23%. Gold soared on the day as inflation worries resurfaced after the Fed dropped subtle hints of potentially more stimulus to come; futures prices for the precious metal gained over 1.5% on the day, settling near $1,690 an ounce. Worse-than-expected housing market data was brushed off to the side; pending home sales for February came in at negative [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: IWO Soars On Small Cap Strength, VXX Falters On Upbeat Markets Daily ETF Roundup: VXX Continues Higher, IWO Tumbles Daily ETF Roundup: VXX Jumps, Small Caps Sink Daily ETF Roundup: IWM Leads Winners As VXX Slides Daily ETF Roundup: VXX Jumps On Weak Equities, TVIX Plummets 30% In Odd Day
Domestic equity markets got off to an explosive start as Fed Chairman Ben Bernanke expressed his concerns regarding the ongoing recovery and reaffirmed his support of accommodative policies as deemed necessary. Stocks rallied higher as investors were relieved to see that the central bank is committed to promoting the recovery even if it entails another round of quantitative easing [see also How To Play A Treasury Bubble With ETFs]. On the home front, the Nasdaq led the way higher, gaining 1.78% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by 1.23%. Gold soared on the day as inflation worries resurfaced after the Fed dropped subtle hints of potentially more stimulus to come; futures prices for the precious metal gained over 1.5% on the day, settling near $1,690 an ounce. Worse-than-expected housing market data was brushed off to the side; pending home sales for February came in at negative [...]
Click here to read the original article on ETFdb.com.
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