Stocks oscillated between minor gains and losses on Wednesday following yesterday’s impressive rally on Wall Street. Domestic equity indexes drifted sideways with a bit of a downward bias for most of the trading session as economic news were sparse. The Dow Jones Industrial Average was able to finish in green territory, clinching a 0.12% gain on the day, while the S&P 500 slipped into negative territory, shedding 0.12% as the closing bell rang. The basic materials sector lead the way lower, losing 1.5% on the day, while financials equities were surprisingly resilient, managing to give up just 0.2% amidst the profit-taking. Euphoria levels in the domestic tech sector ran high as Apple hit an all-time high of $594.72 a share. The tech giant staged an impressive rally, gaining upwards of 3.5% on the day, thanks to a revised price target; Morgan Stanley analyst Katy Huberty reiterated her “overweight” rating on [...] Click here to read the original article on ETFdb.com. Related Posts: Seven Surprising ETF Performance Comparisons Daily ETF Roundup: GDX Pops, VXX Drops Daily ETF Roundup: GDX Soars On Inflation Concerns, VXX Drops On Fed Decision Daily ETF Roundup: GDX Soars On Gold’s Strength, VXX Plunges As Bulls Return Daily ETF Roundup: GDX Shines On Strong Gold, VXX Sinks On Strong Equities
Stocks oscillated between minor gains and losses on Wednesday following yesterday’s impressive rally on Wall Street. Domestic equity indexes drifted sideways with a bit of a downward bias for most of the trading session as economic news were sparse. The Dow Jones Industrial Average was able to finish in green territory, clinching a 0.12% gain on the day, while the S&P 500 slipped into negative territory, shedding 0.12% as the closing bell rang. The basic materials sector lead the way lower, losing 1.5% on the day, while financials equities were surprisingly resilient, managing to give up just 0.2% amidst the profit-taking. Euphoria levels in the domestic tech sector ran high as Apple hit an all-time high of $594.72 a share. The tech giant staged an impressive rally, gaining upwards of 3.5% on the day, thanks to a revised price target; Morgan Stanley analyst Katy Huberty reiterated her “overweight” rating on [...]
Click here to read the original article on ETFdb.com.
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