Tuesday trading continued the solid week for equity markets as all of the major indexes managed to finish in the green after the Fed released minutes from its most recent meeting. The Dow and S&P 500 both finished up by about 0.2% while the Nasdaq continued its outperformance of the other two benchmarks, gaining close to 0.6% in comparison. Tech and oil companies led the day higher while some level of weakness was seen in the financial and consumer sectors after the horrendous consumer confidence report shook those sectors. Commodity markets also finished the day higher as strength in gold and oil led most commodities to the green for the day. Gold added just under $50/oz. while oil managed to add about $1.5/bbl. to finish the session just below the $88.75 mark while broad strength was also seen in the rest of the metals and energy categories as well. Only the agriculture [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: GLD Slumps On Profit Taking, XLF Jumps On BAC’s Surge Ten Commandments Of ETF Investing June ETF Data: Cash Keeps Coming Daily ETF Roundup: XLF Slides As GLD Surges The New and Improved ETF Database: Fact Sheets, Holdings “X-Ray”, Technical Data, and More!
Tuesday trading continued the solid week for equity markets as all of the major indexes managed to finish in the green after the Fed released minutes from its most recent meeting. The Dow and S&P 500 both finished up by about 0.2% while the Nasdaq continued its outperformance of the other two benchmarks, gaining close to 0.6% in comparison. Tech and oil companies led the day higher while some level of weakness was seen in the financial and consumer sectors after the horrendous consumer confidence report shook those sectors. Commodity markets also finished the day higher as strength in gold and oil led most commodities to the green for the day. Gold added just under $50/oz. while oil managed to add about $1.5/bbl. to finish the session just below the $88.75 mark while broad strength was also seen in the rest of the metals and energy categories as well. Only the agriculture [...]
Click here to read the original article on ETFdb.com.
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