In a strange trading session, U.S. equity markets surged out of the gate only to stumble in the final hour of trading as investors returned to reality and realized that little progress had actually been made in the European debt crisis. Nevertheless, broad benchmarks did manage to finish in the green as the Dow rose by 1.3%, the Nadsaq gained 1.2% and the broad S&P 500 added about 1.1% for the day. In terms of sectors, basic materials rose alone with consumer and health care firms, while services, banks, and tech were more mixed for the session. In commodity markets, most products rose, led by strong gains in the headline commodities as gold gained 3.8% and oil tacked on 4.2% to finish just above the $83.60/bbl. level. Meanwhile, silver and copper recovered nicely from yesterday’s swoon as the red metal added about 3.8% and silver gained close to 6.7% in [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: FXI Sinks On Tightening Fears, VXX Jumps On More Greek Worries Daily ETF Roundup: VXX Sinks On French Plan For Greece, FXI Rises On Declining Inflation Fears Daily ETF Roundup: FXI Surges On Emerging Market Reversal, VXX Tumbles On Rising Market December ETF Roundup: $1 Trillion And Counting Daily ETF Roundup: FXI Sinks, VXX Soars
In a strange trading session, U.S. equity markets surged out of the gate only to stumble in the final hour of trading as investors returned to reality and realized that little progress had actually been made in the European debt crisis. Nevertheless, broad benchmarks did manage to finish in the green as the Dow rose by 1.3%, the Nadsaq gained 1.2% and the broad S&P 500 added about 1.1% for the day. In terms of sectors, basic materials rose alone with consumer and health care firms, while services, banks, and tech were more mixed for the session. In commodity markets, most products rose, led by strong gains in the headline commodities as gold gained 3.8% and oil tacked on 4.2% to finish just above the $83.60/bbl. level. Meanwhile, silver and copper recovered nicely from yesterday’s swoon as the red metal added about 3.8% and silver gained close to 6.7% in [...]
Click here to read the original article on ETFdb.com.
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