Domestic equity markets got off to an encouraging start, only to give into profit-taking pressures in the final hours of trading. Major indexes ended up in red territory as escalating worries that Greece would exit the euro weighted on investors’ confidence. On Wall Street, the S&P 500 Index came out on top, clinching a gain of 0.05% on the day, while the Nasdaq settled in red territory, shedding 0.29% on the day. Gold and oil finished lower as well; futures prices for these commodities settled near $1,565 an ounce and $91.40 a barrel respectively [see also 3 ETF Trading Tips You Are Missing]. Stocks kicked off the day with a rally as investors cheered on the latest housing market data. Existing home sales in April came in at 4.62 million, inching past analyst estimates of 4.60 million as well as the previous month’s reading of 4.47 million. On the international [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Jumps On Greek Woes, EWZ Slides With Petrobras Daily ETF Roundup: EWZ Rises With Risk Appetite, VXX Drops On Greek Deal Daily ETF Roundup: EWZ Gains On Real Strength, VXX Falters On Market Win Daily ETF Roundup: VXX Soars On European Uncertainty, EWZ Slumps On Inflation Forecast September’s ETF Studs: Five Funds That Thrived During A Wild Month
Domestic equity markets got off to an encouraging start, only to give into profit-taking pressures in the final hours of trading. Major indexes ended up in red territory as escalating worries that Greece would exit the euro weighted on investors’ confidence. On Wall Street, the S&P 500 Index came out on top, clinching a gain of 0.05% on the day, while the Nasdaq settled in red territory, shedding 0.29% on the day. Gold and oil finished lower as well; futures prices for these commodities settled near $1,565 an ounce and $91.40 a barrel respectively [see also 3 ETF Trading Tips You Are Missing]. Stocks kicked off the day with a rally as investors cheered on the latest housing market data. Existing home sales in April came in at 4.62 million, inching past analyst estimates of 4.60 million as well as the previous month’s reading of 4.47 million. On the international [...]
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