Buying pressures remained strong on Wall Street yesterday even after lackluster economic data hit the street; the latest ISM non-manufacturing figure came in at 55.2, marking a small contraction from the previous month’s reading of 55.7. Euphoria levels rose on Tuesday after PC maker Dell Inc. agreed to be taken private in the largest leveraged buyout since the recent financial meltdown. The S&P 500 Index posted fresh five-year highs as the benchmark closed just below the 1,515 mark on the day [see 3 Economic Charts Bears Love To Ignore]. With no major economic data releases slated to take place later today on the homefront, investors will likely turn their attention overseas. As such, the iShares MSCI Germany Index Fund could be quite active on the day as investors digest the latest German factory orders data, which is due just hours before Wall Street’s opening bell. Analysts are expecting for the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: S&P 500 Tops 1500 Daily ETF Roundup: Retail Sales Pop, Apple Drags On Tech Wednesday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG) Tuesday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG) Least Correlated Country ETFs To S&P 500
Buying pressures remained strong on Wall Street yesterday even after lackluster economic data hit the street; the latest ISM non-manufacturing figure came in at 55.2, marking a small contraction from the previous month’s reading of 55.7. Euphoria levels rose on Tuesday after PC maker Dell Inc. agreed to be taken private in the largest leveraged buyout since the recent financial meltdown. The S&P 500 Index posted fresh five-year highs as the benchmark closed just below the 1,515 mark on the day [see 3 Economic Charts Bears Love To Ignore]. With no major economic data releases slated to take place later today on the homefront, investors will likely turn their attention overseas. As such, the iShares MSCI Germany Index Fund could be quite active on the day as investors digest the latest German factory orders data, which is due just hours before Wall Street’s opening bell. Analysts are expecting for the [...]
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