Equities held onto gains throughout Thursday’s trading session despite a cornucopia of mixed economic data releases on the home front. The Nasdaq continued its rise into multi-year highs territory, gaining 0.74% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by only 0.22%. Gold prices bounced back slightly following yesterday’s brutal sell-off; futures prices for the precious yellow metal settled near $1,720 an ounce as the trading session drew to a close. The worse-than-expected news included slight decreases in ISM manufacturing data and construction spending. Investors instead focused on the positives; jobless claims came in at 351,000 versus the previous figure of 353,000, while consumer spending increased by 0.2% versus last month’s flat reading. Crude oil prices rallied alongside bullish momentum on Wall Street; futures prices for the fossil fuel hit a multi-month high of $110.55 a barrel, settling just below the $109 level as the closing bell [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: DBB Jumps On Upbeat Data, UNG Sinks On Warm Weather Daily ETF Roundup: DBB Sinks On ISM Report, UNG Gains On Hot Weather Forecast Daily ETF Roundup: UNG Rises On Storage Deficit Concerns, DBB Falls On China Worries Daily ETF Roundup: UNG Slumps On Weather, DBB Surges On Copper’s Strength Daily ETF Roundup: DBB Falls, UNG Finally Surges Higher
Equities held onto gains throughout Thursday’s trading session despite a cornucopia of mixed economic data releases on the home front. The Nasdaq continued its rise into multi-year highs territory, gaining 0.74% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by only 0.22%. Gold prices bounced back slightly following yesterday’s brutal sell-off; futures prices for the precious yellow metal settled near $1,720 an ounce as the trading session drew to a close. The worse-than-expected news included slight decreases in ISM manufacturing data and construction spending. Investors instead focused on the positives; jobless claims came in at 351,000 versus the previous figure of 353,000, while consumer spending increased by 0.2% versus last month’s flat reading. Crude oil prices rallied alongside bullish momentum on Wall Street; futures prices for the fossil fuel hit a multi-month high of $110.55 a barrel, settling just below the $109 level as the closing bell [...]
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