There was a sense of anxiety concerning whether or not yesterday’s QE rally would hold, or if it was a one time buying spree. Luckily, markets were able to close out the day on a positive note, holding tight to the gains they posted yesterday. Stocks and indexes saw a welcomed rally even today, as the Fed’s most aggressive move in recent memory sparked a vote of confidence across Wall Street. Among the best performers was Apple (AAPL), who released the long-awaited iPhone 5 on Wednesday only to watch share prices close today’s session at an all time high [see also Why QE3 is Just Delaying the Inevitable]. Global Market Overview: Big Ben’s Rally Holds Major benchmarks were able to post decent gains for the week-ending session as they set their sights on all-time highs, and erasing the notion of reaching for “pre-recession” highs. The S&P 500 (SPY) jumped by 0.44% while the [...] Click here to read the original article on ETFdb.com. Related Posts: 101 ETF Lessons Every Financial Advisor Should Learn Seven Surprising ETF Performance Comparisons ETFs: The $10 Billion Club Alternatives To The 20 Most Popular ETFs September’s ETF Studs: Five Funds That Thrived During A Wild Month
There was a sense of anxiety concerning whether or not yesterday’s QE rally would hold, or if it was a one time buying spree. Luckily, markets were able to close out the day on a positive note, holding tight to the gains they posted yesterday. Stocks and indexes saw a welcomed rally even today, as the Fed’s most aggressive move in recent memory sparked a vote of confidence across Wall Street. Among the best performers was Apple (AAPL), who released the long-awaited iPhone 5 on Wednesday only to watch share prices close today’s session at an all time high [see also Why QE3 is Just Delaying the Inevitable]. Global Market Overview: Big Ben’s Rally Holds Major benchmarks were able to post decent gains for the week-ending session as they set their sights on all-time highs, and erasing the notion of reaching for “pre-recession” highs. The S&P 500 (SPY) jumped by 0.44% while the [...]
Click here to read the original article on ETFdb.com.
Related Posts:
