Monday marked the second straight major winning day for equities, as a number of earnings reports and good news from overseas propelled markets forward. “Five shares rose for every one that fell on the New York Stock Exchange” write Stan Choe and David K. Randall. The S&P 500 posted gains of 1.3% while the NASDAQ beat that figure by 100 basis points. Though major indexes fared well, oil was the big winner on the day, as crude jumped nearly 5% to finish well above $91 per barrel. The death of Moammar Gadhafi and the possibility of getting Libya’s oil production back on track has big oil chomping at the bit and is sending WTI surging. Finally, gold posted a nice 1% gain as the metal settled in around $1,650/oz [see also ETF Insider: Bulls In Drivers Seat]. It was a busy day in the U.S. corporate world, as a wealth [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Soars On European Uncertainty, EWZ Slumps On Inflation Forecast September’s ETF Studs: Five Funds That Thrived During A Wild Month Daily ETF Roundup: VXX Continues Slide On Solid Data, EWZ Surges On Lower Rate Hopes Daily ETF Roundup: VXX Soars On Market Woes, EWZ Dives On Europe Concerns ETF Insider: The Dust Has Yet To Settle
Monday marked the second straight major winning day for equities, as a number of earnings reports and good news from overseas propelled markets forward. “Five shares rose for every one that fell on the New York Stock Exchange” write Stan Choe and David K. Randall. The S&P 500 posted gains of 1.3% while the NASDAQ beat that figure by 100 basis points. Though major indexes fared well, oil was the big winner on the day, as crude jumped nearly 5% to finish well above $91 per barrel. The death of Moammar Gadhafi and the possibility of getting Libya’s oil production back on track has big oil chomping at the bit and is sending WTI surging. Finally, gold posted a nice 1% gain as the metal settled in around $1,650/oz [see also ETF Insider: Bulls In Drivers Seat]. It was a busy day in the U.S. corporate world, as a wealth [...]
Click here to read the original article on ETFdb.com.
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