The bears strolled through Wall Street yet again as looming uncertainties coupled with fresh worries from the latest Fed minutes paved the way lower for major equity benchmarks. On Wall Street, the Nasdaq led the way lower, shedding 0.68% on the day, while the Dow Jones Industrial Average held its ground best, losing just 0.26% as the closing bell rang. Gold and oil followed stocks lower for another session; futures prices for these two commodities settled near $1,540 an ounce and $92.60 a barrel respectively as the trading session drew to a close [see also 3 ETFs For A Euro Zone Double-Dip]. On the home front, major economic data releases all came in better-than-expected, although bearish pressures still prevailed throughout the day. Housing starts in April surpassed analyst expectations; this figure came in at 717,000 versus the expected 690,000. Industrial production in April grew by 1.1%, marking a modest improvement from last [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Recovers On Weather Outlook, EWY Tumbles On Rate Hike Daily ETF Roundup: UNG Falls On EIA Storage Report, EWY Surges On Strong Data Daily ETF Roundup: UNG Tumbles On Storage Report, EWY Surges On Quake Rebuilding Daily ETF Roundup: UNG Jumps, VXX Falls Daily ETF Roundup: UNG Spikes Higher, GDX Sinks With Gold
The bears strolled through Wall Street yet again as looming uncertainties coupled with fresh worries from the latest Fed minutes paved the way lower for major equity benchmarks. On Wall Street, the Nasdaq led the way lower, shedding 0.68% on the day, while the Dow Jones Industrial Average held its ground best, losing just 0.26% as the closing bell rang. Gold and oil followed stocks lower for another session; futures prices for these two commodities settled near $1,540 an ounce and $92.60 a barrel respectively as the trading session drew to a close [see also 3 ETFs For A Euro Zone Double-Dip]. On the home front, major economic data releases all came in better-than-expected, although bearish pressures still prevailed throughout the day. Housing starts in April surpassed analyst expectations; this figure came in at 717,000 versus the expected 690,000. Industrial production in April grew by 1.1%, marking a modest improvement from last [...]
Click here to read the original article on ETFdb.com.
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