Stocks on Wall Street edged higher with a few bumps along the way as investors digested a plateful of mixed economic data. Good news included improving jobless claims data as well as an increase in consumer spending. Worse-than-expected data kept the lid on gains; a slight downtick in manufacturing coupled with a bad month for construction spending reminded investors that the recovery at home is still fragile. Gold finished the day slightly higher near $1,720 an ounce, while crude oil futures hit a multi-month high of $110.55 a barrel [see Gold Hits Resistance, Time To Worry?]. Investors will turn their attention to Canada later today as a key GDP report is slated to come out. The Canadian dollar, commonly known as the Loonie, may experience volatile trading in the currency markets as investors react to the latest figure. Given this data release, our ETF to watch for today is the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Will Holiday Cheer Be Enough? Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Volatility Is Still Lurking Friday’s ETF Chart To Watch: Rydex CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Expect More Volatility
Stocks on Wall Street edged higher with a few bumps along the way as investors digested a plateful of mixed economic data. Good news included improving jobless claims data as well as an increase in consumer spending. Worse-than-expected data kept the lid on gains; a slight downtick in manufacturing coupled with a bad month for construction spending reminded investors that the recovery at home is still fragile. Gold finished the day slightly higher near $1,720 an ounce, while crude oil futures hit a multi-month high of $110.55 a barrel [see Gold Hits Resistance, Time To Worry?]. Investors will turn their attention to Canada later today as a key GDP report is slated to come out. The Canadian dollar, commonly known as the Loonie, may experience volatile trading in the currency markets as investors react to the latest figure. Given this data release, our ETF to watch for today is the [...]
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