European markets struggled to gain much traction as Italian debt woes remain far from resolved, although the uncertainty surprisingly did not spill over onto Wall Street. Domestic equity indexes worked their way higher, bolstered by positive economic data and improving investor confidence in the U.S. economic recovery. The Nasdaq led the way higher with a robust 1.09% gain on the day, while the Dow Jones Industrial Average lagged behind, clinching a minimal 0.14% gain. Crude oil prices climbed alongside equities, settling just below $100 a barrel for the day. Gold on the other hand was fairly directionless, ending the session higher by just a few points right around $1,780 an ounce [see ETF Insider: Expect More Volatility]. Optimism on Wall Street was fundamentally justified as U.S. retail sales during the month of October surpassed analyst expectations. Domestic retail sales rose a seasonally adjusted 0.5% last month, surpassing estimates of 0.3% [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: The Dust Has Yet To Settle Daily ETF Roundup: VXX Up On Market Uncertainty, UNG Reels On High Stockpiles Daily ETF Roundup: GDX Shines On Strong Gold, VXX Sinks On Strong Equities Daily ETF Roundup: VGK Rises On Euro Stability, VXX Plunges On Improving Confidence Daily ETF Roundup: VXX Surges 19%, EFA Plummets On Euro-Fears
European markets struggled to gain much traction as Italian debt woes remain far from resolved, although the uncertainty surprisingly did not spill over onto Wall Street. Domestic equity indexes worked their way higher, bolstered by positive economic data and improving investor confidence in the U.S. economic recovery. The Nasdaq led the way higher with a robust 1.09% gain on the day, while the Dow Jones Industrial Average lagged behind, clinching a minimal 0.14% gain. Crude oil prices climbed alongside equities, settling just below $100 a barrel for the day. Gold on the other hand was fairly directionless, ending the session higher by just a few points right around $1,780 an ounce [see ETF Insider: Expect More Volatility]. Optimism on Wall Street was fundamentally justified as U.S. retail sales during the month of October surpassed analyst expectations. Domestic retail sales rose a seasonally adjusted 0.5% last month, surpassing estimates of 0.3% [...]
Click here to read the original article on ETFdb.com.
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