Today brought welcomed news to markets as the euro zone was able to reach an agreement on a budget deal. U.S. markets enjoyed strong days as a result, with the Dow jumping by 186 points, the NASDAQ jumping by 1.9%, and the S&P 500 enjoying a 1.7% gain on the day. The biggest winner came from 10 year bonds, which saw their prices skyrocket by 4.1%; a nice result especially considering the volatility they are bound to face with next week’s FOMC meeting. Though oil started off the day down big and gold started off the day strong, the tables turned to see the precious metal finish flat and oil to gain 1.4% on the day [see also 25 Ways To Invest In Crude Oil]. While the EU deal was something of a win for markets, others were not so convinced of its power. “After overnight talks in Brussels, European leaders [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Surges 19%, EFA Plummets On Euro-Fears Daily ETF Roundup: EFA Surges On Europe Hopes, VXX Tanks On Strong Markets Daily ETF Roundup: VXX Feeds On Market Woes, VGK Tanks On Europe Action Daily ETF Roundup: VXX Surges On Euro Concerns, UNG Plummets On More Stockpile Issues Ten Unexpected Observations On YTD ETF Returns
Today brought welcomed news to markets as the euro zone was able to reach an agreement on a budget deal. U.S. markets enjoyed strong days as a result, with the Dow jumping by 186 points, the NASDAQ jumping by 1.9%, and the S&P 500 enjoying a 1.7% gain on the day. The biggest winner came from 10 year bonds, which saw their prices skyrocket by 4.1%; a nice result especially considering the volatility they are bound to face with next week’s FOMC meeting. Though oil started off the day down big and gold started off the day strong, the tables turned to see the precious metal finish flat and oil to gain 1.4% on the day [see also 25 Ways To Invest In Crude Oil]. While the EU deal was something of a win for markets, others were not so convinced of its power. “After overnight talks in Brussels, European leaders [...]
Click here to read the original article on ETFdb.com.
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