After a miserable start to the month, markets were able to rebound to put November back on track. The day saw the Dow top out at 1.53% while the S&P 500 added nearly 20 points. The NASDAQ and 10-year bonds also recovered the day after less-than-encouraging news from Europe hit markets hard. After it had been announced that Greece was working on a referendum regarding the bailout package, markets took a bitter nosedive as investors quickly sold out. Today also saw the FOMC interest rate release as well as a major speech from Ben Bernanke [see also 10 Strange But True Facts About The ETF Industry]. As we near the middle of the fourth quarter, investors are looking for another strong GDP growth to help bolster an economy that has been stuck in a rut for quite some time. With the holiday season approaching, consumption should see a nice uptick [...] 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: GDX Tumbles On Gold’s Weakness, VXX Soars On More European Worries Daily ETF Roundup: GDX Rises On Slumping Dollar, VXX Declines On Greek Optimism Daily ETF Roundup: GDX Continues Slide, VXX Rises On Uncertainty Daily ETF Roundup: GDX Surges, VXX Falls Off A Cliff
After a miserable start to the month, markets were able to rebound to put November back on track. The day saw the Dow top out at 1.53% while the S&P 500 added nearly 20 points. The NASDAQ and 10-year bonds also recovered the day after less-than-encouraging news from Europe hit markets hard. After it had been announced that Greece was working on a referendum regarding the bailout package, markets took a bitter nosedive as investors quickly sold out. Today also saw the FOMC interest rate release as well as a major speech from Ben Bernanke [see also 10 Strange But True Facts About The ETF Industry]. As we near the middle of the fourth quarter, investors are looking for another strong GDP growth to help bolster an economy that has been stuck in a rut for quite some time. With the holiday season approaching, consumption should see a nice uptick [...]
Click here to read the original article on ETFdb.com.
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