Equity markets regained their footing on Wednesday as bargain buyers swooped in following yesterday’s dismal sell-off. Stocks marched higher thanks to better-than-expected earnings from Alcoa coupled with upbeat commentary from the latest Fed Beige Book report. The Nasdaq led the way higher on the home front, gaining 0.84% on the day, while the Dow Jones Industrial lagged behind a bit, clinching gains of 0.70% as the trading session drew to a close [see Free Report: How To Pick The Right ETF Every Time]. Corporate earnings season is off to a strong start with Alcoa kicking off the ceremonies on a high note. The aluminium behemoth surpassed expectations, posting a profit of 10 cents a share and stronger-than-expected revenue growth; the company further bolstered confidence after it forecast that global aluminum demand could grow by 7% this year [see also Commodity Guru ETFdb Portfolio]. Gold prices oscillated between minor gains and losses throughout [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Jumps With Sell-Off, XHB Plunges Lower ETF Insider: Progress In Greece Will Tip Markets Daily ETF Roundup: XHB Pops On Data, VXX Drops As Bulls Return Daily ETF Roundup: XHB Pops On Data, VXX Drops As Stocks Rally Daily ETF Roundup: XHB Surges On Housing Starts, VXX Gets Clobbered By Strong Markets
Equity markets regained their footing on Wednesday as bargain buyers swooped in following yesterday’s dismal sell-off. Stocks marched higher thanks to better-than-expected earnings from Alcoa coupled with upbeat commentary from the latest Fed Beige Book report. The Nasdaq led the way higher on the home front, gaining 0.84% on the day, while the Dow Jones Industrial lagged behind a bit, clinching gains of 0.70% as the trading session drew to a close [see Free Report: How To Pick The Right ETF Every Time]. Corporate earnings season is off to a strong start with Alcoa kicking off the ceremonies on a high note. The aluminium behemoth surpassed expectations, posting a profit of 10 cents a share and stronger-than-expected revenue growth; the company further bolstered confidence after it forecast that global aluminum demand could grow by 7% this year [see also Commodity Guru ETFdb Portfolio]. Gold prices oscillated between minor gains and losses throughout [...]
Click here to read the original article on ETFdb.com.
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