U.S. equity markets rose broadly in Wednesday trading as more hopes for an EU bank recapitalization program helped to buoy stocks across the board. The Dow finished the day up by 0.9% on the session while the broader indexes straddled this figure as the Nasdaq gained 0.8% and the S&P 500 added a full one percent on the session. For sectors, utilities and health care saw some weakness while industrial goods and basic materials were more mixed. For winners, financials were clearly the top sector while consumer goods saw a nice boost from a solid report from Pepsi. In commodity markets, the two headline commodities diverged on the session as gold added about 1% while oil slumped about 1.2% to finish just below the $84.80/bbl. level. Other natural resources were also choppy as many of the grains and softs slumped back on the day while coffee, copper, and hogs each [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Sinks On Storage Report, FXI Rises On Industrial Strength Daily ETF Roundup: UNG Stumbles, FXI Jumps Higher Daily ETF Roundup: UNG Soars, FXI Slides Daily ETF Roundup: UNG Soars, FXI Tumbles Daily ETF Roundup: FXI Surges, UNG Slides 5%
U.S. equity markets rose broadly in Wednesday trading as more hopes for an EU bank recapitalization program helped to buoy stocks across the board. The Dow finished the day up by 0.9% on the session while the broader indexes straddled this figure as the Nasdaq gained 0.8% and the S&P 500 added a full one percent on the session. For sectors, utilities and health care saw some weakness while industrial goods and basic materials were more mixed. For winners, financials were clearly the top sector while consumer goods saw a nice boost from a solid report from Pepsi. In commodity markets, the two headline commodities diverged on the session as gold added about 1% while oil slumped about 1.2% to finish just below the $84.80/bbl. level. Other natural resources were also choppy as many of the grains and softs slumped back on the day while coffee, copper, and hogs each [...]
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