Major indexes are, as AC/DC once said, “back in black” for 2011, as Friday’s trading session brought a welcomed performance with strong gains. As Veteran’s Day came to a close, the Dow jumped 259 points while the S&P tacked on nearly 2% in trading. Despite the abysmal performance on Wednesday, both of the aforementioned indexes finished the week up, marking the fifth weekly gain over the last six weeks. But the end story hardly tells how the week unfolded as equities endured a brutal session on Wednesday that had investors fleeing for higher ground. Oil posted strong figures today as it closed above $99/barrel and has a good chance of breaking triple digits as next week plays out. Gold also had a good day with an appreciation of over $30/oz. as it makes its way towards $1,800/oz [see also Surprising ETF Standouts Of 2011]. The past week was dominated by [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: GDX Gains On Gold’s Glitter, VXX Recedes On Market Strength 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
Major indexes are, as AC/DC once said, “back in black” for 2011, as Friday’s trading session brought a welcomed performance with strong gains. As Veteran’s Day came to a close, the Dow jumped 259 points while the S&P tacked on nearly 2% in trading. Despite the abysmal performance on Wednesday, both of the aforementioned indexes finished the week up, marking the fifth weekly gain over the last six weeks. But the end story hardly tells how the week unfolded as equities endured a brutal session on Wednesday that had investors fleeing for higher ground. Oil posted strong figures today as it closed above $99/barrel and has a good chance of breaking triple digits as next week plays out. Gold also had a good day with an appreciation of over $30/oz. as it makes its way towards $1,800/oz [see also Surprising ETF Standouts Of 2011]. The past week was dominated by [...]
Click here to read the original article on ETFdb.com.
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