It was yet another rocky start to the week for American equity markets as a rough couple of hours to begin trading gave way to roubst performances in the final hours, sending equities sharply higher on the day. The Dow led the way with a 2.5% gain while the S&P 500 and the Nasdaq both rose as well, gaining 2.3% and 1.4%, respectively. Arguably the biggest gains were had in the financial, industrial goods, and basic materials sectors while utilities, services, and tech lagged on the day. Commodities were more mixed on the session as gold continued its losing streak to open up the week lower, while oil gained about $1.10/bbl., sending prices above the $81.25 mark. Other commodities mostly gained on the day as most grains finished higher and softs were in the green as well except for a few stragglers such as cotton, rice, and orange juice. In [...] Click here to read the original article on ETFdb.com. Related Posts: August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Daily ETF Roundup: XLF Tumbles On BAC Lawsuit, GLD Surges On Easing Concerns Daily ETF Roundup: GLD Slumps On Profit Taking, XLF Jumps On BAC’s Surge Ten Commandments Of ETF Investing June ETF Data: Cash Keeps Coming
It was yet another rocky start to the week for American equity markets as a rough couple of hours to begin trading gave way to roubst performances in the final hours, sending equities sharply higher on the day. The Dow led the way with a 2.5% gain while the S&P 500 and the Nasdaq both rose as well, gaining 2.3% and 1.4%, respectively. Arguably the biggest gains were had in the financial, industrial goods, and basic materials sectors while utilities, services, and tech lagged on the day. Commodities were more mixed on the session as gold continued its losing streak to open up the week lower, while oil gained about $1.10/bbl., sending prices above the $81.25 mark. Other commodities mostly gained on the day as most grains finished higher and softs were in the green as well except for a few stragglers such as cotton, rice, and orange juice. In [...]
Click here to read the original article on ETFdb.com.
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