Stocks put an end to this week’s losing streak as better-than-expected economic data on the homefront welcomed back the bulls, at least for the time being. Investors rejoiced after existing home sales topped expectations, with the figure coming in at 4.82 million versus the expected 4.60 million in August. In light of recent central bank stimulus efforts at home and in Europe, the Bank of Japan announced it is beefing up its asset-purchase program to a whopping $1.01 trillion, helping to restore confidence in the fragile global recovery while also raising inflation concerns [see also How To Play $10,000 Gold]. Investors will refocus their attention back towards home later today as a number of economic reports hit the street. As such, our ETF to watch for the day is the State Street SPDR Gold Trust (GLD, A), which could experience volatile trading as investors react to the latest weekly jobless claims [...] Click here to read the original article on ETFdb.com. Related Posts: Thursday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Brief History Of ETFs ETF Insider: Pressure On Fed To Follow Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD)
Stocks put an end to this week’s losing streak as better-than-expected economic data on the homefront welcomed back the bulls, at least for the time being. Investors rejoiced after existing home sales topped expectations, with the figure coming in at 4.82 million versus the expected 4.60 million in August. In light of recent central bank stimulus efforts at home and in Europe, the Bank of Japan announced it is beefing up its asset-purchase program to a whopping $1.01 trillion, helping to restore confidence in the fragile global recovery while also raising inflation concerns [see also How To Play $10,000 Gold]. Investors will refocus their attention back towards home later today as a number of economic reports hit the street. As such, our ETF to watch for the day is the State Street SPDR Gold Trust (GLD, A), which could experience volatile trading as investors react to the latest weekly jobless claims [...]
Click here to read the original article on ETFdb.com.
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