Wall Street got off to a roaring start as optimism from the euro zone spilled over on Monday. Domestic equity indexes surged, with the Dow Jones Industrial Average gaining upwards of 300 points, as investor confidence saw a big boost after France and Germany pledged their full support to restoring stability in the banking sector of the debt-stricken Euro zone. German Chancellor Angela Merkel and French President Nicolas Sarkozy said over the weekend that they would reveal plans for a banking-sector recapitalization by early November. Surprisingly, gold also made a move higher on Monday amidst the equity market euphoria, and the precious metal inched higher to close near $1,670 an ounce for the session. Last month’s FOMC meeting unveiled the so-called “Operation Twist“, which proved to be a major headwind for stock markets upon its release. Investors will be paying close attention to the FOMC minutes as they are released [...] Click here to read the original article on ETFdb.com. Related Posts: September’s ETF Studs: Five Funds That Thrived During A Wild Month ETF Insider: Can Earnings Trump Euro Drama? September ETF Data: Back Below $1 Trillion Three ETFs To Watch This Week: XHB, UUP, IGV ETF Insider: A Week In The Green
Wall Street got off to a roaring start as optimism from the euro zone spilled over on Monday. Domestic equity indexes surged, with the Dow Jones Industrial Average gaining upwards of 300 points, as investor confidence saw a big boost after France and Germany pledged their full support to restoring stability in the banking sector of the debt-stricken Euro zone. German Chancellor Angela Merkel and French President Nicolas Sarkozy said over the weekend that they would reveal plans for a banking-sector recapitalization by early November. Surprisingly, gold also made a move higher on Monday amidst the equity market euphoria, and the precious metal inched higher to close near $1,670 an ounce for the session. Last month’s FOMC meeting unveiled the so-called “Operation Twist“, which proved to be a major headwind for stock markets upon its release. Investors will be paying close attention to the FOMC minutes as they are released [...]
Click here to read the original article on ETFdb.com.
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