American markets closed a very solid week on a high note as quality earnings helped to boost stocks in Friday trading. The Dow finished the day higher by about 1.5% while the broader indexes added ever more impressive gains as the S&P 500 rose by 1.7% and the Nasdaq gained 1.8% for the session. For winning sectors, energy and tech were the big gainers while pockets of the services and financial sector also outerperformed on the day. In terms of laggards, no one sector really stood out but consumer goods and some big health care names certainly finished below the market averages. Commodity markets also saw inflows in the session as gold added about 0.8% and oil surged $3.05/bbl. to finish just under the $87.30 mark in Friday trading. Beyond the headline commodities, copper added about 3.8% while ag products also saw continued gains as hogs rose 2.2% and softs [...] Click here to read the original article on ETFdb.com. Related Posts: UBS Unveils Natural Gas, Oil “Contango ETNs” Daily ETF Roundup: UNG Tumbles On EIA Report, VXX Continues Surge On Uncertainty Daily ETF Roundup: UNG Surges On Warm Weather, VXX Tumbles On Rising Market Daily ETF Roundup: UNG Jumps On Weather Forecast, VXX Slumps On M&A Activity Daily ETF Roundup: VXX Stumbles On Strong Earnings, UNG Skyrockets On Supply Issues
American markets closed a very solid week on a high note as quality earnings helped to boost stocks in Friday trading. The Dow finished the day higher by about 1.5% while the broader indexes added ever more impressive gains as the S&P 500 rose by 1.7% and the Nasdaq gained 1.8% for the session. For winning sectors, energy and tech were the big gainers while pockets of the services and financial sector also outerperformed on the day. In terms of laggards, no one sector really stood out but consumer goods and some big health care names certainly finished below the market averages. Commodity markets also saw inflows in the session as gold added about 0.8% and oil surged $3.05/bbl. to finish just under the $87.30 mark in Friday trading. Beyond the headline commodities, copper added about 3.8% while ag products also saw continued gains as hogs rose 2.2% and softs [...]
Click here to read the original article on ETFdb.com.
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