Equity markets started off the week on a mixed note, soaring higher after the opening bell only to succumb to broad-based profit taking pressures as the trading session drew to a close. On the home front, the Dow Jones Industrial Average led the way higher, gaining 0.12% on the day, although it failed to close above resistance at the key 13,000 mark. The Nasdaq encountered some headwinds throughout the day, ultimately closing in red territory, down 0.11% for the day. Crude oil rallied after geopolitical tensions in the Middle East intensified over the weekend, pushing prices past the $105 mark, and settling just above $106 a barrel [see also ETF Insider: Progress In Greece Will Tip Markets]. With no major economic data releases on the home front today, equities took cues from overseas instead. Euphoria was quick to spread across financial markets after European finance ministers approved a $173 billion aid package for [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Soars On Housing Data, GLD Continues To Sink ETF Insider: Which Way Will The Bulls Run? ETF Insider: Markets In Limbo ETF Insider: Progress In Greece Will Tip Markets Three ETFs To Watch This Week: EWU, GERJ, XHB
Equity markets started off the week on a mixed note, soaring higher after the opening bell only to succumb to broad-based profit taking pressures as the trading session drew to a close. On the home front, the Dow Jones Industrial Average led the way higher, gaining 0.12% on the day, although it failed to close above resistance at the key 13,000 mark. The Nasdaq encountered some headwinds throughout the day, ultimately closing in red territory, down 0.11% for the day. Crude oil rallied after geopolitical tensions in the Middle East intensified over the weekend, pushing prices past the $105 mark, and settling just above $106 a barrel [see also ETF Insider: Progress In Greece Will Tip Markets]. With no major economic data releases on the home front today, equities took cues from overseas instead. Euphoria was quick to spread across financial markets after European finance ministers approved a $173 billion aid package for [...]
Click here to read the original article on ETFdb.com.
Related Posts:
