U.S. stocks markets continued their rally from yesterday’s final hour of trading as all of the major indexes put up modest gains in Wednesday trading. The Dow finished ahead by 1.2% while the broader indexes posted even better gains with 1.8% for the S&P 500 and 2.3% for the Nasdaq. Commodity markets also performed very well in the session as gold added about 1.8% and oil surged off of its recent lows to finish up 5.5%, or just under the $80/bbl. level. Most of the softs and base metals also gained as well, as wheat and corn led the way on the upside, adding close to 3% each to their totals. In currency trading, the dollar finished marginally lower against most currencies, although it was flat against the major European ones. The biggest losses came instead against the yen and the resource currencies as strong commodity prices helped to boost [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Tumbles On European Hopes, IWM Surges On Risky Asset Demand September ETF Roundup: Launches, Filings, and Closures Volatility ETPs: Where Are The Critics Now? Daily ETF Roundup: VXX Surges On End-Of-Quarter Selling, FXI Collapses On Slowdown Fears Daily ETF Roundup: VXX Jumps On More European Woes, DBB Sinks On Demand Fears
U.S. stocks markets continued their rally from yesterday’s final hour of trading as all of the major indexes put up modest gains in Wednesday trading. The Dow finished ahead by 1.2% while the broader indexes posted even better gains with 1.8% for the S&P 500 and 2.3% for the Nasdaq. Commodity markets also performed very well in the session as gold added about 1.8% and oil surged off of its recent lows to finish up 5.5%, or just under the $80/bbl. level. Most of the softs and base metals also gained as well, as wheat and corn led the way on the upside, adding close to 3% each to their totals. In currency trading, the dollar finished marginally lower against most currencies, although it was flat against the major European ones. The biggest losses came instead against the yen and the resource currencies as strong commodity prices helped to boost [...]
Click here to read the original article on ETFdb.com.
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