Equity indexes climbed into bright green territory yesterday as investors on Wall Street rejoiced over several encouraging economic data releases. Buying euphoria quickly spread after the latest jobless claims report came in better-than-expected; a total of 348,000 people filed for unemployment benefits, a nice improvement versus the previous reading of 361,000. Housing starts also surprised to the upside, coming in at 699,000 versus the previous reading of 689,000. Stocks were able to inch higher amidst the lingering uncertainties stemming from Greece as investors instead focused on the good news at home [see also Five ETFs For Doomsday Capitalism]. Investors will turn their attention to the latest U.S. Consumer Price Index release later today, which is slated to come out right at the opening bell. Our ETF to watch for the day is the iShares Barclays 20 Year Treasury Bond Fund (TLT) as it may experience an increase in trading volumes depending on [...] Click here to read the original article on ETFdb.com. Related Posts: When Bond ETPs Don’t Make Distributions ETF Insider: Greek Woes Rattle Confidence ETF Insider: Will Euro Woes Rain On The Bull’s Parade? Bond ETFs For Every Objective ETF Insider: Beware Of Earnings Volatility
Equity indexes climbed into bright green territory yesterday as investors on Wall Street rejoiced over several encouraging economic data releases. Buying euphoria quickly spread after the latest jobless claims report came in better-than-expected; a total of 348,000 people filed for unemployment benefits, a nice improvement versus the previous reading of 361,000. Housing starts also surprised to the upside, coming in at 699,000 versus the previous reading of 689,000. Stocks were able to inch higher amidst the lingering uncertainties stemming from Greece as investors instead focused on the good news at home [see also Five ETFs For Doomsday Capitalism]. Investors will turn their attention to the latest U.S. Consumer Price Index release later today, which is slated to come out right at the opening bell. Our ETF to watch for the day is the iShares Barclays 20 Year Treasury Bond Fund (TLT) as it may experience an increase in trading volumes depending on [...]
Click here to read the original article on ETFdb.com.
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