Equity indexes tacked on minor gains as back-and-forth trading prevailed throughout most of Thursday. Investors on Wall Street shrugged off worse-than-expected jobless claims data on the home front as encouraging debt auction news from overseas stole the spotlight. Euro zone woes cooled off as investors rejoiced over the successful bond auction of Spanish and Italian debt, perhaps signaling that the currency bloc is slowly inching closer and closer to financial equilibrium [see ETFs To Play AAA Europe]. Bullish momentum has been abundant on Wall Street in the first weeks of 2012 as investors have started off the year on a positive note. Investors will look to sustain the euphoria as the spotlight turns to the latest University of Michigan Consumer Sentiment Index. The State Street SPDR S&P Retail ETF (XRT) will make its way across our radar screen later today as investors digest the latest consumer confidence figure, which is [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Beware Of Lingering Euro Fears Tuesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Stay On The Defense ETF Insider: Volatility Is Still Lurking Three ETFs To Watch This Week (XRT, EGPT, VROM)
Equity indexes tacked on minor gains as back-and-forth trading prevailed throughout most of Thursday. Investors on Wall Street shrugged off worse-than-expected jobless claims data on the home front as encouraging debt auction news from overseas stole the spotlight. Euro zone woes cooled off as investors rejoiced over the successful bond auction of Spanish and Italian debt, perhaps signaling that the currency bloc is slowly inching closer and closer to financial equilibrium [see ETFs To Play AAA Europe]. Bullish momentum has been abundant on Wall Street in the first weeks of 2012 as investors have started off the year on a positive note. Investors will look to sustain the euphoria as the spotlight turns to the latest University of Michigan Consumer Sentiment Index. The State Street SPDR S&P Retail ETF (XRT) will make its way across our radar screen later today as investors digest the latest consumer confidence figure, which is [...]
Click here to read the original article on ETFdb.com.
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