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This Week In ETFs: December 4th Edition
December 04, 2011 at 09:00 AM EST
Investors were in for wild ride this week as stock markets skyrocketed to record-high week levels not seen in almost three years. The Dow Jones Industrial Average peaked during Wednesday’s trading session, gaining a remarkable 490 points while the S&P jumped 4.3%. Major stock indexes continued to rally through the end of the week with the financial sector coming out on top as the biggest gainer. This latest surge was fueled by several substantial economic developments, including the coordinated actions of central banks to ease lending restrictions and positive U.S. employment data. The notion that the U.S. is finally gaining some momentum was supported by reports of unemployment dropping 0.4% from last month’s numbers and nonfarm payrolls rising by 120,000. Although these reports are a positive sign for U.S. recovery, economists attribute these good numbers to a shrinking of the labor force, meaning the labor markets will remain weak while the [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Investors were in for wild ride this week as stock markets skyrocketed to record-high week levels not seen in almost three years. The Dow Jones Industrial Average peaked during Wednesday’s trading session, gaining a remarkable 490 points while the S&P jumped 4.3%. Major stock indexes continued to rally through the end of the week with the financial sector coming out on top as the biggest gainer. This latest surge was fueled by several substantial economic developments, including the coordinated actions of central banks to ease lending restrictions and positive U.S. employment data. The notion that the U.S. is finally gaining some momentum was supported by reports of unemployment dropping 0.4% from last month’s numbers and nonfarm payrolls rising by 120,000. Although these reports are a positive sign for U.S. recovery, economists attribute these good numbers to a shrinking of the labor force, meaning the labor markets will remain weak while the [...]
