American equity markets experienced another choppy session as traders stayed on the sidelines ahead of the fall earnings season which unofficially began after the bell with Alcoa’s report. The Dow finished the day lower by about 0.2% while the the broader indexes managed to hold on to the positives, gaining 0.05% for the S&P 500 and 0.7% for the Nasdaq. Trading was rocky across most of the sectors but utilities and independent oil firms were big losers while giants Apple and Citigroup which rose by 3% and 5.1%, respectively, helped to turn the day around for some of the large caps in their respective sectors. Commodity trading was also shaky as oil edged up and gold fell slightly lower to put the precious metal below the $1,670/oz. mark. Beyond these headline commodities, the real story was in the grain market as all of the products in this category surged on the [...] Click here to read the original article on ETFdb.com. Related Posts: “Optimum Yield” ETFs: A Contango-Free Alternative? Beyond TIP: 10 ETFs To Protect Against Inflation Experts Bullish On “Inflation ETFs” Daily ETF Roundup: VXX Jumps On More European Woes, DBB Sinks On Demand Fears Daily ETF Roundup: DBA Slumps On Grain Hopes, IYT Surges On Railroad Strength
American equity markets experienced another choppy session as traders stayed on the sidelines ahead of the fall earnings season which unofficially began after the bell with Alcoa’s report. The Dow finished the day lower by about 0.2% while the the broader indexes managed to hold on to the positives, gaining 0.05% for the S&P 500 and 0.7% for the Nasdaq. Trading was rocky across most of the sectors but utilities and independent oil firms were big losers while giants Apple and Citigroup which rose by 3% and 5.1%, respectively, helped to turn the day around for some of the large caps in their respective sectors. Commodity trading was also shaky as oil edged up and gold fell slightly lower to put the precious metal below the $1,670/oz. mark. Beyond these headline commodities, the real story was in the grain market as all of the products in this category surged on the [...]
Click here to read the original article on ETFdb.com.
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