Equity markets broadly charged higher on Wednesday following the latest FOMC announcement coupled with stellar earnings from Apple. On Wall Street, the Nasdaq took the lead, gaining an impressive 2.30% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by 0.69% as the trading session drew to a close. As many had expected, gold went for a wild ride following commentary from Chairman Bernanke; futures prices dropped as low as $1,625 an ounce, only to spike right back up and settle just above the $1,640 level [see also Three ETFs For The End Of Operation Twist].
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After another choppy trading week, investors will be looking forward to earnings from a number of blue chip firms that have yet to throw their hat in the ring. This past week was another frustrating one, as investors dealt with a mix of data and earnings that pushed and pulled at the market. Of course, [...]
Equity markets staged a ferocious rebound today following Monday’s dismal sell-off. Investors brushed aside worse-than-expected economic data on the home front, instead focusing on upbeat commentary from the International Monetary Fund (IMF) as well as a successful Spanish bond auction overseas. On Wall Street, the Nasdaq charged ahead, clinching gains of 1.82% on the day, while the [...]
Few stocks receive more attention from the financial presses than Apple (AAPL), the tech giant that has made a remarkable recovery from life support in the early 1990s to become one of the largest companies in the world. The stock has long been an investor favorite based on consumers’ insatiable appetite for almost every new [...]
It’s always exciting to see renowned experts from all corners of the financial industry come together in one venue. Inside ETFs, the world’s largest ETF conference, fits the profile of such a noteworthy event. The 5th annual Inside ETFs Conference, hosted by IndexUniverse, took place in Hollywood, Florida just a few weeks ago in late [...]
Although uncertainty continues to linger across financial markets, investors’ confidence in the global economic recovery has without a doubt improved considerably going forward, shaking off much of last year’s pessimism. Debt negotiations in the Euro zone have played a key role in ensuring stability, while better-than-expected economic data releases on the home front have helped [...]
AdvisorShares, one of the largest issuers of actively-managed ETFs, has forged a partnership to bring an active sector rotation ETF to market. The new Rockledge SectorSAM ETF (SSAM), which began trading Thursday, will seek to generate stable and consistent returns in all market conditions, developing a dollar neutral portfolio comprised of sector ETFs. The new ETF [...]
With snow now blanketing a big part of the country and 2012 just a few weeks away, looking back at the past year becomes a popular activity. For many portfolios, 2011 has been marked by big swings that seem to be leaving investors right about where they started; there has been plenty of activity over [...]
European markets struggled to gain much traction as Italian debt woes remain far from resolved, although the uncertainty surprisingly did not spill over onto Wall Street. Domestic equity indexes worked their way higher, bolstered by positive economic data and improving investor confidence in the U.S. economic recovery. The Nasdaq led the way higher with a [...]
UBS continued an aggressive expansion of its lineup of exchange-traded notes this week, debuting a product offering leveraged exposure to a hot corner of the technology sector. The launch of the ETRACS Monthly 2x Leveraged ISE Cloud Computing TR Index ETN (LSKY) comes exactly three months after First Trust debuted an ETF linked to the [...]
The last week was a welcome change of pace for investors, as markets generally cruised higher despite a lack of meaningful good news that traditionally accompanies such rallies. Attractive entry points finally drove some back into risky assets, though significant uncertainty remains over the outlook from here–especially with parts of Europe now precariously teetering on [...]
