Bargain shoppers finally stepped in after a long week of profit-taking pressures on Wall Street. Major equity indexes soared into green territory as investors rejoiced over renewed optimism that a deal in Congress would be reached before the much-feared “fiscal cliff”. Encouraging economic data also found its way into the headlines as existing home sales blew past estimates; October sales data came in at 4.79 million, jumping right past the 4.70 million estimate, as well as last month’s reading of 4.69 million [see 5 ETF Strategies To Reign In Risk]. Global Market Overview: Bargain Shopping Euphoria Sparks Rally After taking a nasty beating last week, the tech sector bounced back with full force today, and the Nasdaq ETF led the way higher with a sizable 2.38% gain. As risk appetites surged, the S&P 500 ETF charged ahead of the Dow Jones Industrial Average ETF . Overseas, markets also enjoyed a very positive [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Another Day, Another Sell-Off Daily ETF Roundup: Housing Soars, Earnings Miss ETF Insider: Markets At Fed’s Mercy Daily ETF Roundup: Stocks Sink, Greece Cuts A Deal ETF Daily Roundup: Markets Rally Prior To Election Results
Bargain shoppers finally stepped in after a long week of profit-taking pressures on Wall Street. Major equity indexes soared into green territory as investors rejoiced over renewed optimism that a deal in Congress would be reached before the much-feared “fiscal cliff”. Encouraging economic data also found its way into the headlines as existing home sales blew past estimates; October sales data came in at 4.79 million, jumping right past the 4.70 million estimate, as well as last month’s reading of 4.69 million [see 5 ETF Strategies To Reign In Risk]. Global Market Overview: Bargain Shopping Euphoria Sparks Rally After taking a nasty beating last week, the tech sector bounced back with full force today, and the Nasdaq ETF led the way higher with a sizable 2.38% gain. As risk appetites surged, the S&P 500 ETF charged ahead of the Dow Jones Industrial Average ETF . Overseas, markets also enjoyed a very positive [...]
Click here to read the original article on ETFdb.com.
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