Stocks endured yet another bumpy trading session as indexes oscillated between gains and losses for most of the day thanks to mixed economic developments. On the home front, Exxon Mobil posted strong quarterly earnings, although lackluster home prices data overshadowed the energy giant’s profits. The Nasdaq proved to be most resilient, gaining 0.07% on the day, while the Dow Jones Industrial Average slipped lower, shedding 0.16% as the trading session drew to a close. Gold prices whiplashed back-and-forth as investors dealt with conflicting developments; futures contracts for the precious metal soared as high as $1,750 an ounce, only to tumble back to $1,730 an ounce in a matter of hours, and finally settle near the $1,740 level as the closing bell rang. Sentiment took a pessimistic turn on Wall Street after a string of worse-than-expected data releases [see also How To Invest Like UBS In 2012]. The Case-Shiller home prices [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Surges On International Deal, VGK Slips On Profit-Taking Daily ETF Roundup: UNG Slides On EIA Data, VGK Jumps On Liquidity Infusion Daily ETF Roundup: VGK Sinks On Italian Woes, UNG Rises On Rig Count Drop Daily ETF Roundup: VGK Sinks On Euro’s Woes, UNG Soars On Weather Forecast Daily ETF Roundup: VGK Tumbles, UNG Continues Surge
Stocks endured yet another bumpy trading session as indexes oscillated between gains and losses for most of the day thanks to mixed economic developments. On the home front, Exxon Mobil posted strong quarterly earnings, although lackluster home prices data overshadowed the energy giant’s profits. The Nasdaq proved to be most resilient, gaining 0.07% on the day, while the Dow Jones Industrial Average slipped lower, shedding 0.16% as the trading session drew to a close. Gold prices whiplashed back-and-forth as investors dealt with conflicting developments; futures contracts for the precious metal soared as high as $1,750 an ounce, only to tumble back to $1,730 an ounce in a matter of hours, and finally settle near the $1,740 level as the closing bell rang. Sentiment took a pessimistic turn on Wall Street after a string of worse-than-expected data releases [see also How To Invest Like UBS In 2012]. The Case-Shiller home prices [...]
Click here to read the original article on ETFdb.com.
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