Equity markets took investors for a roller-coaster ride today as selling pressures in the morning were eventually overturned by bullish fever in the afternoon. On Wall Street, the Nasdaq charged ahead, gaining 0.39% on the day, while the Dow Jones Industrial Average just barely missed the green, settling 0.05% lower as the trading session drew to a close. Gold and oil both climbed higher amidst the flurry of trading activity; futures prices for these commodities settled near $1,560 an ounce and $90.50 a barrel respectively [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Investors cheered on better-than-expected housing market data on the home front. New home sales in April came in at 343,000 versus the expected 335,000, while also sailing past last month’s reading of 332,000. FHFA home prices data also painted an optimistic look for the domestic real estate recovery; this figure came in at 1.8%, easily [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: GDX Snaps Higher, VXX Corrects Lower Daily ETF Roundup: VXX Pops With Uncertainty, GDX Drops With Gold Daily ETF Roundup: VXX Inches Up, GDX Continues To Sink Daily ETF Roundup: VXX Jumps After FOMC Meeting, GDX Plunges With Gold Daily ETF Roundup: VXX Pops, GDX Drops As Stocks Retreat
Equity markets took investors for a roller-coaster ride today as selling pressures in the morning were eventually overturned by bullish fever in the afternoon. On Wall Street, the Nasdaq charged ahead, gaining 0.39% on the day, while the Dow Jones Industrial Average just barely missed the green, settling 0.05% lower as the trading session drew to a close. Gold and oil both climbed higher amidst the flurry of trading activity; futures prices for these commodities settled near $1,560 an ounce and $90.50 a barrel respectively [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Investors cheered on better-than-expected housing market data on the home front. New home sales in April came in at 343,000 versus the expected 335,000, while also sailing past last month’s reading of 332,000. FHFA home prices data also painted an optimistic look for the domestic real estate recovery; this figure came in at 1.8%, easily [...]
Click here to read the original article on ETFdb.com.
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