Today marks the end of a major earnings week with stocks managing to finish out the day relatively flat. The S&P 500 finished up by less than a point, while the Dow tacked on 96 points for the session. Today’s flat finish means that the S&P will close out a week above 1,300 for the first time in nearly six months, sparking some investor confidence across the board. Though this trading week was shortened by the Martin Luther King Jr. holiday, the S&P 500 was still able to gain 2% in the four open days on the week. As for commodities, Friday saw gold continue its steady rise as the precious metal is now above $1,660/oz. Oil, on the other hand, lost over 2% to finish just over $98/barrel [see also Three Reasons Why Gold Is Overvalued]. Earnings were the highlight of the week, as a number of major financial institutions released [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Pops On Upbeat Fed, UNG Drops On Warm Weather Three ETFs To Watch During Hurricane Season Daily ETF Roundup: UNG Slides On Mild Weather, XHB Rises On Construction Report Friday’s ETF Chart To Watch: SPDR Homebuilders ETF (XHB) Daily ETF Roundup: IYT Jumps As Confidence Improves, UNG Continues To Plunge
Today marks the end of a major earnings week with stocks managing to finish out the day relatively flat. The S&P 500 finished up by less than a point, while the Dow tacked on 96 points for the session. Today’s flat finish means that the S&P will close out a week above 1,300 for the first time in nearly six months, sparking some investor confidence across the board. Though this trading week was shortened by the Martin Luther King Jr. holiday, the S&P 500 was still able to gain 2% in the four open days on the week. As for commodities, Friday saw gold continue its steady rise as the precious metal is now above $1,660/oz. Oil, on the other hand, lost over 2% to finish just over $98/barrel [see also Three Reasons Why Gold Is Overvalued]. Earnings were the highlight of the week, as a number of major financial institutions released [...]
Click here to read the original article on ETFdb.com.
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