Domestic equity indexes finally slipped lower yesterday following a solid three-day rise. Stocks were hit as investors worries over the Euro zone resurfaced, consequently sparking a rally in the gold market. Futures prices for the yellow metal soared over $30, managing to close just around resistance levels at the $1,700 an ounce mark. Industry giants 3M and Netflix both missed analyst earnings estimates, spooking investors on Wall Street and inevitably putting downward pressure on stocks. Oil futures have been quite volatile this week and prices for crude oil climbed for a second day in a row, settling around $93 a barrel. The U.S. durable goods report for September comes out later today around noon, bringing the spotlight to the industrial sector and making the State Street Industrial Select Sector SPDR (XLI) our ETF to watch for the day. Analysts are expecting for durable goods orders in the previous month to [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bulls In Drivers Seat Wednesday’s ETF To Watch: Industrial Select Sector SPDR (XLI) Tuesday’s ETF To Watch: Industrial Select Sector SPDR (XLI) Daily ETF Roundup: GDX Jumps On Gold’s Surge, XLI Sinks On Spending Fears ETF Insider: Equities Poised To Pop
Domestic equity indexes finally slipped lower yesterday following a solid three-day rise. Stocks were hit as investors worries over the Euro zone resurfaced, consequently sparking a rally in the gold market. Futures prices for the yellow metal soared over $30, managing to close just around resistance levels at the $1,700 an ounce mark. Industry giants 3M and Netflix both missed analyst earnings estimates, spooking investors on Wall Street and inevitably putting downward pressure on stocks. Oil futures have been quite volatile this week and prices for crude oil climbed for a second day in a row, settling around $93 a barrel. The U.S. durable goods report for September comes out later today around noon, bringing the spotlight to the industrial sector and making the State Street Industrial Select Sector SPDR (XLI) our ETF to watch for the day. Analysts are expecting for durable goods orders in the previous month to [...]
Click here to read the original article on ETFdb.com.
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