Stocks extended their gains into Thursday as investor worries about the euro zone debt crisis eased up a bit following encouraging comments by the European Central Bank earlier in the day. ECB President Jean-Claude Trichet said the central bank would revive its purchases of covered bonds and resume year-long loans for banks in an effort to inject liquidity into the financial system. Media icon and former Apple CEO, Steve Jobs, passed away at 56, leaving behind a legacy that will be remembered forever. Gold edged higher for the day, although the precious metal still remains range-bound, settling near $1,650 an ounce for the day. The U.S. unemployment report will likely take center stage tomorrow as investors digest the latest round of data and look for signs of life in the stagnant labor market. Canada’s unemployment rate will be coming out an hour prior to Wall Street’s opening bell, making the IndexIQ [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: CNDA, EWG, IDX Wednesday’s ETF To Watch: IQ Canada Small Cap ETF (CNDA) ETF Insider: Picky Bulls, Broad Bears ETF Insider: Prudent Buying After Panic Selling Three ETFs To Watch This Week: CNDA, FXF, PPLT
Stocks extended their gains into Thursday as investor worries about the euro zone debt crisis eased up a bit following encouraging comments by the European Central Bank earlier in the day. ECB President Jean-Claude Trichet said the central bank would revive its purchases of covered bonds and resume year-long loans for banks in an effort to inject liquidity into the financial system. Media icon and former Apple CEO, Steve Jobs, passed away at 56, leaving behind a legacy that will be remembered forever. Gold edged higher for the day, although the precious metal still remains range-bound, settling near $1,650 an ounce for the day. The U.S. unemployment report will likely take center stage tomorrow as investors digest the latest round of data and look for signs of life in the stagnant labor market. Canada’s unemployment rate will be coming out an hour prior to Wall Street’s opening bell, making the IndexIQ [...]
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