Stocks got off to a weak start on Thursday but managed to regain some momentum throughout the trading session and close out the day in green territory. Domestic equity indexes were mixed: The Dow Jones Industrial Average led the way higher with a 0.96% gain on the day, while the NASDAQ lagged behind, clinching a 0.13% gain for the day. Crude oil futures surged higher by 2%, closing the day just under $98 a barrel. Gold on the other hand tumbled lower, as investors took profits given the impressive run-up from last week. Futures prices for the precious yellow metal closed near $1,760 an ounce for the day. Investor confidence in the U.S. economic recovery was lifted as new claims for unemployment benefits dropped to the lowest level since April of 2011, showing that labor market conditions are slowly, but steadily, improving. The U.S. trade deficit data surpassed analyst expectations [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VGK Soars As Berlusconi Resigns, VXX Tumbles On Market Strenght Daily ETF Roundup: VGK Rises On Rate Cut And Greek Flip Flow, VXX Sinks On Euro Euphoria Daily ETF Roundup: VGK Soars On Europe Hopes, VXX Dips On Strong Equities Three ETFs To Watch This Week: SPY, VGK, VXX Six ETFs Up 45% Or More During The Recent Crisis
Stocks got off to a weak start on Thursday but managed to regain some momentum throughout the trading session and close out the day in green territory. Domestic equity indexes were mixed: The Dow Jones Industrial Average led the way higher with a 0.96% gain on the day, while the NASDAQ lagged behind, clinching a 0.13% gain for the day. Crude oil futures surged higher by 2%, closing the day just under $98 a barrel. Gold on the other hand tumbled lower, as investors took profits given the impressive run-up from last week. Futures prices for the precious yellow metal closed near $1,760 an ounce for the day. Investor confidence in the U.S. economic recovery was lifted as new claims for unemployment benefits dropped to the lowest level since April of 2011, showing that labor market conditions are slowly, but steadily, improving. The U.S. trade deficit data surpassed analyst expectations [...]
Click here to read the original article on ETFdb.com.
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