Equity indexes on Wall Street oscillated between minor gains and losses early in the day, however, cautious words from the Fed tipped stocks south right before lunch time. Selling pressures accelerated across the board as investors grew worried that without another round of quantitative easing the economic recovery could loose steam and falter [see also Five ETFs For Doomsday Capitalism]. On the home front, the Dow Jones Industrial Average led the way lower, shedding 0.76% on the day, while the S&P 500 proved most resilient, losing only 0.54%. Gold prices drifted lower amidst wobbly equities; futures prices for the precious yellow metal settled near $1,730 an ounce as the trading session drew to a close. Economic data releases at home were overwhelmingly positive; industrial production figures came in flat, however, the Empire state index and home builders’ index both came in better-than-expected, helping to shed some optimism on the ongoing recovery [see [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Surges On French Downgrade, UNG Stumbles On Natural Gas Outlook Daily ETF Roundup: UNG Surges As Weather Breaks, VXX Tanks Despite Market Woes Daily ETF Roundup: UNG Jumps On Economic Hopes, VXX Sinks As Retailers Rise Daily ETF Roundup: VXX Surges On Euro Concerns, UNG Plummets On More Stockpile Issues Daily ETF Roundup: VXX Up On Market Uncertainty, UNG Reels On High Stockpiles
Equity indexes on Wall Street oscillated between minor gains and losses early in the day, however, cautious words from the Fed tipped stocks south right before lunch time. Selling pressures accelerated across the board as investors grew worried that without another round of quantitative easing the economic recovery could loose steam and falter [see also Five ETFs For Doomsday Capitalism]. On the home front, the Dow Jones Industrial Average led the way lower, shedding 0.76% on the day, while the S&P 500 proved most resilient, losing only 0.54%. Gold prices drifted lower amidst wobbly equities; futures prices for the precious yellow metal settled near $1,730 an ounce as the trading session drew to a close. Economic data releases at home were overwhelmingly positive; industrial production figures came in flat, however, the Empire state index and home builders’ index both came in better-than-expected, helping to shed some optimism on the ongoing recovery [see [...]
Click here to read the original article on ETFdb.com.
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