Investors came back in a buying mood after the weekend following last week’s absolutely dismal performance on Wall Street. Major equity indexes managed to snap out of their losing streaks to kick-off the week; the Nasdaq soared ahead, gaining an impressive 2.46% on the day, while the Dow Jones Industrial Average lagged behind, clinching a 1.09% gain as the closing bell rang. Crude oil rallied alongside stocks today as well; futures prices for the fossil fuel gained upwards of 1% on the day, settling near $93 a barrel as the trading session drew to a close [see also Using ETFs To Measure Interest Rate Risk]. With no major economic data releases on the home front today, investors took the time to bargain shop. The Chicago Fed Index came in worse-than-expected, although the data release went largely unnoticed as the comeback on Wall Street stole the headlines. With no real news [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Pops With Uncertainty, GDX Drops With Gold Daily ETF Roundup: VXX Inches Up, GDX Continues To Sink Daily ETF Roundup: VXX Jumps After FOMC Meeting, GDX Plunges With Gold Daily ETF Roundup: VXX Pops, GDX Drops As Stocks Retreat Daily ETF Roundup: GDX Jumps, VXX Falters Despite Weak Equities
Investors came back in a buying mood after the weekend following last week’s absolutely dismal performance on Wall Street. Major equity indexes managed to snap out of their losing streaks to kick-off the week; the Nasdaq soared ahead, gaining an impressive 2.46% on the day, while the Dow Jones Industrial Average lagged behind, clinching a 1.09% gain as the closing bell rang. Crude oil rallied alongside stocks today as well; futures prices for the fossil fuel gained upwards of 1% on the day, settling near $93 a barrel as the trading session drew to a close [see also Using ETFs To Measure Interest Rate Risk]. With no major economic data releases on the home front today, investors took the time to bargain shop. The Chicago Fed Index came in worse-than-expected, although the data release went largely unnoticed as the comeback on Wall Street stole the headlines. With no real news [...]
Click here to read the original article on ETFdb.com.
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