Despite better-than-expected economic data on the home front, equity indexes were mixed and investors on Wall Street were reluctant to jump aboard the Dow and help push it through the 13,000 mark. The S&P 500 led the way higher, gaining 0.14% on the day, while the “blue chip” benchmark finished the day off by 0.01%. Although stocks started off the session in a hole, major equity indexes pushed higher throughout the day, putting the pressure on gold prices. Futures contracts for the precious yellow metal just barely finished the day flat, giving up gains in afternoon trading settling near $1,770 an ounce [see ETF Insider: Will Economic Data Derail The Bull Train?]. With no major developments in the Euro zone, investors turned their attention to data releases at home to kick off the week. Investors cheered on the latest pending home sales index figure, which helped to restore confidence in [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Jumps On Cold Weather, XHB Falls Despite Upbeat Housing Data Daily ETF Roundup: XHB Pops On Upbeat Fed, UNG Drops On Warm Weather Three ETFs To Watch During Hurricane Season Daily ETF Roundup: UNG Slides On Mild Weather, XHB Rises On Construction Report Daily ETF Roundup: GDX Pops, XHB Drops
Despite better-than-expected economic data on the home front, equity indexes were mixed and investors on Wall Street were reluctant to jump aboard the Dow and help push it through the 13,000 mark. The S&P 500 led the way higher, gaining 0.14% on the day, while the “blue chip” benchmark finished the day off by 0.01%. Although stocks started off the session in a hole, major equity indexes pushed higher throughout the day, putting the pressure on gold prices. Futures contracts for the precious yellow metal just barely finished the day flat, giving up gains in afternoon trading settling near $1,770 an ounce [see ETF Insider: Will Economic Data Derail The Bull Train?]. With no major developments in the Euro zone, investors turned their attention to data releases at home to kick off the week. Investors cheered on the latest pending home sales index figure, which helped to restore confidence in [...]
Click here to read the original article on ETFdb.com.
Related Posts:
