Stocks kicked off yesterday’s trading session with worrisome losses only to come back and stage a massive rebound, ending in bright green territory as the closing bell rang. Optimism over the looming “fiscal cliff” returned to Wall Street as President Obama laid out a timetable to hammer out a deal by Christmas, as opposed to dragging out negotiations until December 31 like many had anticipated. In economic news, October new home sales data missed the mark, although investors payed little attention to this hiccup; the figure came in at 368,000, falling short of the estimated 390,000 [see 5 Important ETF Lessons In Pictures]. With U.S. GDP slated to come out at the opening bell later today, our spotlight will shift to the State Street SPDR Gold Trust , which may experience volatile trading as markets digest the latest data. Gold prices may face headwinds throughout the day if market expectations come to [...] Click here to read the original article on ETFdb.com. Related Posts: 5 Best (And 5 Worst) ETF Performers Over The Last 5 Years ETF Insider: Debt Drama Spoils Confidence Wednesday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Ultimate Guide To Van Eck Market Vectors TR Gold Miners (GDX)
Stocks kicked off yesterday’s trading session with worrisome losses only to come back and stage a massive rebound, ending in bright green territory as the closing bell rang. Optimism over the looming “fiscal cliff” returned to Wall Street as President Obama laid out a timetable to hammer out a deal by Christmas, as opposed to dragging out negotiations until December 31 like many had anticipated. In economic news, October new home sales data missed the mark, although investors payed little attention to this hiccup; the figure came in at 368,000, falling short of the estimated 390,000 [see 5 Important ETF Lessons In Pictures]. With U.S. GDP slated to come out at the opening bell later today, our spotlight will shift to the State Street SPDR Gold Trust , which may experience volatile trading as markets digest the latest data. Gold prices may face headwinds throughout the day if market expectations come to [...]
Click here to read the original article on ETFdb.com.
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