Equity markets opened just below Friday’s close on Monday morning as parliamentary elections in the debt burdened Eurozone over the weekend rattled investors’ confidence. On the home front, major indexes oscillated between minor gains and losses for most of the session; the Nasdaq and S&P 500 proved most resilient, gaining 0.05% and 0.04% on the day respectively, while the Dow Jones Industrial Average fared a bit worse, finishing lower by 0.23% as the trading session drew to a close [see ETF Insider: Cautiously Bullish At Home]. Last Friday’s employment report put a real strain on investors’ confidence, although today’s better-than-expected consumer credit data surely helped restore some optimism. U.S. consumer increased their debt in March by $21.3 billion, marking a much larger-than-anticipated expansion in the credit market given the previous month’s reading of $9.3 billion. Amidst the uneventful trading activity on Wall Street, the price of gold fluctuated throughout the session; futures prices [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VGK Pops On Greek Deal, VXX Slips Lower Daily ETF Roundup: VXX Jumps On Uncertainty, VGK Drops On Greece Jitters Daily ETF Roundup: VXX Rises With Uncertainty, VGK Slips On Debt Drama Daily ETF Roundup: VXX Jumps With Uncertainty, VGK Drops On Greek Woes Daily ETF Roundup: VGK Climbs On Euro Hopes, VXX Sinks As Sentiment Improves
Equity markets opened just below Friday’s close on Monday morning as parliamentary elections in the debt burdened Eurozone over the weekend rattled investors’ confidence. On the home front, major indexes oscillated between minor gains and losses for most of the session; the Nasdaq and S&P 500 proved most resilient, gaining 0.05% and 0.04% on the day respectively, while the Dow Jones Industrial Average fared a bit worse, finishing lower by 0.23% as the trading session drew to a close [see ETF Insider: Cautiously Bullish At Home]. Last Friday’s employment report put a real strain on investors’ confidence, although today’s better-than-expected consumer credit data surely helped restore some optimism. U.S. consumer increased their debt in March by $21.3 billion, marking a much larger-than-anticipated expansion in the credit market given the previous month’s reading of $9.3 billion. Amidst the uneventful trading activity on Wall Street, the price of gold fluctuated throughout the session; futures prices [...]
Click here to read the original article on ETFdb.com.
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