Euphoria returned to Wall Street once again as encouraging development from the overseas currency bloc gave the bulls a reason to stampede. Investors cheered on the debt swap in Europe as Greek bondholders pushed forward with the proposed bailout helping to ease many of the looming uncertainties. The Nasdaq took the lead, gaining 1.18% on the day, while the Dow Jones Industrial Average lagged behind, creeping higher by 0.55% [see also 3 ETF Trades For The Next Euro Zone Debt Crisis]. Worse-than-expected economic news on the home front was overshadowed by optimism spilling over from the Euro zone. Investors brushed aside the less-than-stellar weekly jobless claims report; 362,000 people filed for unemployment benefits versus the previous reading of only 354,000. Aside from the Greek debt deal news, the other major developments overseas included two key central bank meetings. The Bank of England and the European Central Bank both held interest rates steady, keeping their benchmark [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Jumps On Uncertainty, VGK Drops On Greece Jitters Daily ETF Roundup: VXX Rises With Uncertainty, VGK Slips On Debt Drama Daily ETF Roundup: VXX Jumps With Uncertainty, VGK Drops On Greek Woes Daily ETF Roundup: VGK Climbs On Euro Hopes, VXX Sinks As Sentiment Improves Daily ETF Roundup: VXX Feeds On Market Woes, VGK Tanks On Europe Action
Euphoria returned to Wall Street once again as encouraging development from the overseas currency bloc gave the bulls a reason to stampede. Investors cheered on the debt swap in Europe as Greek bondholders pushed forward with the proposed bailout helping to ease many of the looming uncertainties. The Nasdaq took the lead, gaining 1.18% on the day, while the Dow Jones Industrial Average lagged behind, creeping higher by 0.55% [see also 3 ETF Trades For The Next Euro Zone Debt Crisis]. Worse-than-expected economic news on the home front was overshadowed by optimism spilling over from the Euro zone. Investors brushed aside the less-than-stellar weekly jobless claims report; 362,000 people filed for unemployment benefits versus the previous reading of only 354,000. Aside from the Greek debt deal news, the other major developments overseas included two key central bank meetings. The Bank of England and the European Central Bank both held interest rates steady, keeping their benchmark [...]
Click here to read the original article on ETFdb.com.
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