Despite recent market woes, today saw a stellar performance across the board. Major indexes posted their best day in recent memory with the Dow surging by nearly 500 points and the S&P 500 jumping by 4.3%, leaving the index just shy of 1,250. Just weeks ago investors were worried when the S&P dipped below 1,250, but it seems that the world is finally getting itself back on track. 10 year bonds saw another stellar day with gains topping 3.5% as fixed income follows in the footsteps of equities. On the commodity side of things, both gold and oil finished up on the day, keeping investors on all sides of the equation relatively happy [see also Euro Bond ETFs: Big Yields, Big Risks]. Today’s market gains came from the surprising announcement that a number of central banks from around the world would collaborate on a deal to help boost the global [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Sinks On Irene Outages, XLF Jumps On Insurer Rebound Daily ETF Roundup: UNG Sinks On Weak EIA Report, XLF Soars On Strong Earnings Daily ETF Roundup: UNG Tumbles On Mild Forecast, XLF Rises On M&A Activity Daily ETF Roundup: XLF Sinks On LIBOR Investigation, UNG Surges On Small Supply Increase Daily ETF Roundup: UNG Falls Back, XLF Soars
Despite recent market woes, today saw a stellar performance across the board. Major indexes posted their best day in recent memory with the Dow surging by nearly 500 points and the S&P 500 jumping by 4.3%, leaving the index just shy of 1,250. Just weeks ago investors were worried when the S&P dipped below 1,250, but it seems that the world is finally getting itself back on track. 10 year bonds saw another stellar day with gains topping 3.5% as fixed income follows in the footsteps of equities. On the commodity side of things, both gold and oil finished up on the day, keeping investors on all sides of the equation relatively happy [see also Euro Bond ETFs: Big Yields, Big Risks]. Today’s market gains came from the surprising announcement that a number of central banks from around the world would collaborate on a deal to help boost the global [...]
Click here to read the original article on ETFdb.com.
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