Stocks are on a roll. Equity indexes climbed higher for a third day this week as bullish momentum kept the winning streak alive on Wall Street. Investors were cheerful to see Bank of America swing a fourth-quarter profit, although Morgan Stanley on the other hand missed estimates. Nonetheless, optimism prevailed thanks to encouraging data from the domestic labor market; jobless claims lifted stocks higher as 352,000 people filed for unemployment benefits, versus the projected 375,000. Gold futures edged lower throughout the trading day and prices settled just below $1,660 an ounce [see How Low Can Gold ETFs Go?]. Investors will digest the latest existing home sales report later today, which brings the State Street SPDR Homebuilders ETF (XHB) onto our radar screen for the day [see XHB Holdings]. U.S. housing market data has been overwhelmingly positive over the past few months and investors will certainly look to keep this trend [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Pops On Data, VXX Drops As Stocks Rally ETF Insider: Euro Woes Weigh On Earnings Daily ETF Roundup: XHB Pops On Upbeat Fed, UNG Drops On Warm Weather Daily ETF Roundup: XHB Jumps On Jobs Data, DBA Tanks On Strong Dollar Daily ETF Roundup: XHB Soars On Housing Data, GLD Continues To Sink
Stocks are on a roll. Equity indexes climbed higher for a third day this week as bullish momentum kept the winning streak alive on Wall Street. Investors were cheerful to see Bank of America swing a fourth-quarter profit, although Morgan Stanley on the other hand missed estimates. Nonetheless, optimism prevailed thanks to encouraging data from the domestic labor market; jobless claims lifted stocks higher as 352,000 people filed for unemployment benefits, versus the projected 375,000. Gold futures edged lower throughout the trading day and prices settled just below $1,660 an ounce [see How Low Can Gold ETFs Go?]. Investors will digest the latest existing home sales report later today, which brings the State Street SPDR Homebuilders ETF (XHB) onto our radar screen for the day [see XHB Holdings]. U.S. housing market data has been overwhelmingly positive over the past few months and investors will certainly look to keep this trend [...]
Click here to read the original article on ETFdb.com.
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