Equity markets charged higher on Thursday, recouping losses from yesterday, as optimism swept over Wall Street following better-than-expected jobless claims data. The Nasdaq and the S&P 500 Index tied, both gaining 0.83% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains of 0.51%. Gold futures drifted lower amidst the holiday cheer, settling near $1,605 an ounce as the trading session drew to a close. Crude oil on the the other hand crept higher alongside equities, finishing the day right around $99.50 a barrel. Employment data on the home front struck a positive chord with investors as the number of people applying for unemployment benefits in the U.S. dropped to 364,000, the lowest level since April 2008 [see also ETFs To Invest Like Ron Paul]. “The underlying story here, we think, is that businesses were braced in the fall for a weakening in demand — implied by [...] Click here to read the original article on ETFdb.com. Related Posts: November ETF Stats: Small Step Back Daily ETF Roundup: XLF Soars On Euro Zone Hopes, GLD Continues Slide On Market Optimism August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Daily ETF Roundup: XLF Tumbles On BAC Lawsuit, GLD Surges On Easing Concerns Daily ETF Roundup: GLD Slumps On Profit Taking, XLF Jumps On BAC’s Surge
Equity markets charged higher on Thursday, recouping losses from yesterday, as optimism swept over Wall Street following better-than-expected jobless claims data. The Nasdaq and the S&P 500 Index tied, both gaining 0.83% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains of 0.51%. Gold futures drifted lower amidst the holiday cheer, settling near $1,605 an ounce as the trading session drew to a close. Crude oil on the the other hand crept higher alongside equities, finishing the day right around $99.50 a barrel. Employment data on the home front struck a positive chord with investors as the number of people applying for unemployment benefits in the U.S. dropped to 364,000, the lowest level since April 2008 [see also ETFs To Invest Like Ron Paul]. “The underlying story here, we think, is that businesses were braced in the fall for a weakening in demand — implied by [...]
Click here to read the original article on ETFdb.com.
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