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ETF Insider: Debt Woes Subdue Equities

By: ETFdb
Wall Street started the week in red territory as investors ran from equity markets after sky-high yields on Greek bonds sent waves of panic across all corners of the market. As expected, gold opened higher to start the week and the precious metal continued its upward march past $1,600 an ounce in the days following. Corporate earnings kicked into high gear this week, and several industry giants have already caused quite a stir on the Street. Goldman Sachs left investors hanging after the investment banking behemoth missed analyst expectations, leading to a brief sell-off in the financial equities sector. Equity markets broadly ended higher on Tuesday as investors cheered on news of progress regarding debt-ceiling negotiations. Gold hit an all-time high of $1,610 an ounce on Tuesday while crude oil futures surged over $3 a barrel during the trading session, topping out at $99 a barrel before selling off back [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Picky Bulls, Broad Bears Low Cost ETFs: Complete List Of The Cheapest Exchange-Traded Funds International Bond ETFs: Cruising Through All The Options Daily ETF Roundup: VXX Continues Slide On Greek Austerity, XLF Rises On Bank Case Settlement Daily ETF Roundup: UNG Tumbles On Mild Forecast, XLF Rises On M&A Activity
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