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Thursday, June 21, 2012

ETF Trading Report: Spain, Natural Gas ETFs In Focus

English: NASDAQ in Times Square, New York City...
English: NASDAQ in Times Square, New York City, USA. (Photo credit: Wikipedia)
Stocks rose broadly in the early part of the session as hopes for a broad Greek coalition helped to spur gains in the morning. then, in the final hours, investors scooped up more shares on rumors of a coordinated central bank move coming soon, pushing stocks to highs for the session before they tapered off a bit into the close.
Overall, the Nasdaq finished the day ahead by 0.6% while the broader indexes gained more with the S&P 500 jumping by 1.1% and the Dow adding 1.2% on the day. This came after a mixed-to-negative session in Europe and a day of red in Asia, suggesting that sentiment is quite fickle and that rumors and speculation are now in the driver’s seat.
thanks in part to a risk-on trade, the U.S. dollar slumped below the $82 mark as the euro gained about seven-tenths of a cent against the greenback. Meanwhile, bonds were flat but tilted negative, as the 10 year saw yields rise three basis points to the 1.63% level (Read PUW: Crushing The clean Energy ETF Competition). ... Continue to read.
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