Equity markets broadly charged higher on Wednesday following the latest FOMC announcement coupled with stellar earnings from Apple. On Wall Street, the Nasdaq took the lead, gaining an impressive 2.30% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by 0.69% as the trading session drew to a close. As many had expected, gold went for a wild ride following commentary from Chairman Bernanke; futures prices dropped as low as $1,625 an ounce, only to spike right back up and settle just above the $1,640 level [see also Three ETFs For The End Of Operation Twist]. Investors payed little attention to the worse-than-expected durable goods data released in the morning; the monthly figure came in at negative 4.2%, falling short of the negative 2.9% estimate, as well as the previous reading of 1.9%. Stocks reacted positively to the latest commentary from the Fed, which signaled that the [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: EWP, IYE, XLK Daily ETF Roundup: XLK Leads The Rebound, VXX Sinks Lower Daily ETF Roundup: VXX Jumps, GDX Slumps How An Apple (AAPL) Dividend Would Impact ETFs Daily ETF Roundup: XLK Surges As Tech Giants Rally, VXX Creeps Lower On Improving Confidence
Equity markets broadly charged higher on Wednesday following the latest FOMC announcement coupled with stellar earnings from Apple. On Wall Street, the Nasdaq took the lead, gaining an impressive 2.30% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by 0.69% as the trading session drew to a close. As many had expected, gold went for a wild ride following commentary from Chairman Bernanke; futures prices dropped as low as $1,625 an ounce, only to spike right back up and settle just above the $1,640 level [see also Three ETFs For The End Of Operation Twist]. Investors payed little attention to the worse-than-expected durable goods data released in the morning; the monthly figure came in at negative 4.2%, falling short of the negative 2.9% estimate, as well as the previous reading of 1.9%. Stocks reacted positively to the latest commentary from the Fed, which signaled that the [...]
Click here to read the original article on ETFdb.com.
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