Stocks managed to grind higher on Thursday despite looming “fiscal cliff” woes keeping a lid on confidence, as investors couldn’t help but cheer on better-than-expected weekly employment data. This week, 370,000 people filed for unemployment benefits versus the previous reading of 395,000, marking another stride forward in the domestic labor market recovery. Overseas, the European Central Bank kept rates steady at 0.75% as the currency bloc’s GDP contracted by 0.6% over the last quarter, serving as a grim reminder of the region’s massive debt burden [see 101 High Yielding ETFs For Every Dividend Investor]. Our spotlight will shift to the State Street SPDR Gold Trust for the day as gold futures prices could be in for a wild trading session following the release of the latest monthly U.S. employment report at the opening bell. Even the slightest miss in today’s report may lead to a nasty sell-off given the added pressures [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks 5 ETF Bargains For The Holiday Shopping Season Thursday’s ETF Chart To Watch: SPDR Gold Trust (GLD) 5 Best (And 5 Worst) ETF Performers Over The Last 5 Years ETF Insider: Debt Drama Spoils Confidence
Stocks managed to grind higher on Thursday despite looming “fiscal cliff” woes keeping a lid on confidence, as investors couldn’t help but cheer on better-than-expected weekly employment data. This week, 370,000 people filed for unemployment benefits versus the previous reading of 395,000, marking another stride forward in the domestic labor market recovery. Overseas, the European Central Bank kept rates steady at 0.75% as the currency bloc’s GDP contracted by 0.6% over the last quarter, serving as a grim reminder of the region’s massive debt burden [see 101 High Yielding ETFs For Every Dividend Investor]. Our spotlight will shift to the State Street SPDR Gold Trust for the day as gold futures prices could be in for a wild trading session following the release of the latest monthly U.S. employment report at the opening bell. Even the slightest miss in today’s report may lead to a nasty sell-off given the added pressures [...]
Click here to read the original article on ETFdb.com.
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