After trading lower for much of the day, U.S. equity markets closed higher on Thursday, as the Dow put some breathing room between itself and the 10,000 level. Investors closely monitored several high profile earnings reports, most of which met or beat Wall Street’s expectations. Google’s third quarter net rose 27% to $1.64 billion, while Citi swung to a profit and IBM raised its full year outlook.
The ETFdb 60 Index was flat on Thursday, finishing up $0.37 to close at $1,022.77. Aggregate volume was relatively light at 640 million shares. The benchmark’s biggest winner was the Energy Select Sector SPDR Fund (XLE), which jumped 2.1% following a larger-than-expected decline in fuel inventories. Crude oil futures gained more than 3% to settle above $77.50, sending stocks of energy companies higher.
Among Thursday’s biggest losers were gold bullion and shares of gold miners. The SPDR Gold Trust (GLD) dropped 1.3%, while the Market Vectors Gold Miners ETF (GDX) shed 2.0%. Gold prices have pulled back slightly after rallying to record highs in recent sessions.
Disclosure: No positions at time of writing.