For a brief moment, it seemed like Friday was going to end the week on a positive note, but a sell-off midway through the day ensured that markets would finish relatively flat. All in all, the Dow finished out the day down 2 points and the S&P 500 gained just 0.3%. The euro was able to hold on to its $1.30 level against the greenback, though that comparison is likely to remain volatile over the coming days. Oil had a relatively volatile day, with its prices swinging back and forth between big gains and losses. Crude eventually finished the day up just 11 cents/barrel. Gold, which has been through a tough week, finally posted strong numbers with a jump of 1.5% [see also 12 High-Yielding Commodities For 2012]. Though many were looking to December to bring a “Santa rally”, the month has been a disappointment for the most part. Keith Wirtz, [...] Click here to read the original article on ETFdb.com. Related Posts: Ten Unexpected Observations On YTD ETF Returns 10 Strange But True Facts About The ETF Industry This Week in ETFs: September 11th Edition Daily ETF Roundup: XLU Climbs On Encouraging Data, USO Slips On Crude’s Weakness Are Gold ETFs The Best Defense Against Euro Drama?
For a brief moment, it seemed like Friday was going to end the week on a positive note, but a sell-off midway through the day ensured that markets would finish relatively flat. All in all, the Dow finished out the day down 2 points and the S&P 500 gained just 0.3%. The euro was able to hold on to its $1.30 level against the greenback, though that comparison is likely to remain volatile over the coming days. Oil had a relatively volatile day, with its prices swinging back and forth between big gains and losses. Crude eventually finished the day up just 11 cents/barrel. Gold, which has been through a tough week, finally posted strong numbers with a jump of 1.5% [see also 12 High-Yielding Commodities For 2012]. Though many were looking to December to bring a “Santa rally”, the month has been a disappointment for the most part. Keith Wirtz, [...]
Click here to read the original article on ETFdb.com.
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