It was a tumultuous day on Wall Street today, after a false tweet nearly derailed the markets. During the afternoon hours, the Twitter account of the Associated Press was hacked, and a tweet claiming that there were two explosions in the White House and that Obama was injured sent markets veering; the Dow plunged 145 points in less than two minutes, U.S. Treasury bond prices soared, and oil briefly dipped. Despite the knee-jerk reaction traders had to the Twitter debacle, markets manged to recover to end higher. Lesson of the day: buy the rumor, sell the tweet [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Buy The Rumor, Sell The Tweet Despite today’s rather bizarre Twitter episode, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF ended 1.02% higher, as its underlying index rallied 152.29 points. The S&P 500 ETF rose 1.03%, while the tech-heavy Nasdaq ETF jumped [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013 Daily ETF Roundup: Housing Data Brings Back The Bulls Daily ETF Roundup: Dow Hits Multi-year High Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Housing Soars, Earnings Miss
It was a tumultuous day on Wall Street today, after a false tweet nearly derailed the markets. During the afternoon hours, the Twitter account of the Associated Press was hacked, and a tweet claiming that there were two explosions in the White House and that Obama was injured sent markets veering; the Dow plunged 145 points in less than two minutes, U.S. Treasury bond prices soared, and oil briefly dipped. Despite the knee-jerk reaction traders had to the Twitter debacle, markets manged to recover to end higher. Lesson of the day: buy the rumor, sell the tweet [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Buy The Rumor, Sell The Tweet Despite today’s rather bizarre Twitter episode, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF ended 1.02% higher, as its underlying index rallied 152.29 points. The S&P 500 ETF rose 1.03%, while the tech-heavy Nasdaq ETF jumped [...]
Click here to read the original article on ETFdb.com.
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