U.S. equities gained ground during today’s trading session, nearly erasing this week’s losses. Investors, however, remained cautious ahead of this weekend, as the European Central Bank’s deadline to withdraw support from Cyprus’s banking system comes on Monday. The debt-ridden island nation was, however, close to a deal to raise sufficient funds to unlock a bailout from the central bank, causing many to begin to look past the latest eurozone debt drama [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Stocks End Week On High Note Though there were no major economic releases today, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.70%, with its underlying index still on track for its biggest ever quarterly point gain. The S&P 500 ETF rallied 0.80%, while the tech-heavy Nasdaq ETF jumped 0.97% higher. In Europe, markets broadly lower on Cyprus worries; the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Snaps Its 10-Day Win Streak Daily ETF Roundup: Stocks Higher After Fed Decision Daily ETF Roundup: Stocks Close Lower on Cyprus Fears Daily ETF Roundup: Dow Sets Yet Another Record Daily ETF Roundup: Dow Posts First 9-Day Win Streak Since 1996
U.S. equities gained ground during today’s trading session, nearly erasing this week’s losses. Investors, however, remained cautious ahead of this weekend, as the European Central Bank’s deadline to withdraw support from Cyprus’s banking system comes on Monday. The debt-ridden island nation was, however, close to a deal to raise sufficient funds to unlock a bailout from the central bank, causing many to begin to look past the latest eurozone debt drama [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Stocks End Week On High Note Though there were no major economic releases today, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.70%, with its underlying index still on track for its biggest ever quarterly point gain. The S&P 500 ETF rallied 0.80%, while the tech-heavy Nasdaq ETF jumped 0.97% higher. In Europe, markets broadly lower on Cyprus worries; the [...]
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