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U.S. equities finished the session narrowly mixed, closing out the rather lackluster month of July. At today’s highly anticipated Fed policy statement, the central bank said it will continue to purchase $85 billion in mortgage and Treasury securities per month. The Fed indicated that modest growth rates, higher mortgage rates and low inflation were the primary factors behind their decision to keep its easy-money policies. In other economic news, the U.S. economic growth rate unexpectedly accelerated in the second quarter with GDP growing at a 1.7% annual rate. In a separate report, private employers added 200,000 jobs in July, beating economists’ expectations [see also The Complete Visual History Of SPY].

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Stocks bounced back from yesterday’s broad sell-off after a key labor report and eurozone developments helped propel U.S. equities. According to the Labor Department, Americans applying for unemployment benefits fell to its lowest level in over five years, while initial jobless claims also fell to 324,000, compared to the expected 345,000 figure. Investors, however, remain wary ahead of tomorrow’s nonfarm payrolls data. On the eurozone front, the European Central Bank cut its benchmark interest rate for the first time since July to 0.50%. ECB President Mario Draghi emphasized that the bank’s policy will remain accomodative for “as long as needed” [see The Cheapest ETF for Every Investment Objective].

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When it comes to commodity investing, there is perhaps no corner of the market more popular than crude oil. Whether exposure is captured via futures or equities, this volatile yet often rewarding sector has become one of investors’ favorite tactical (and sometimes long-term) tools. And thanks to the ETF industry, there are now several ways […]

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Stocks struggled to find a definitive direction today as slumping energy stocks offset better-than-expected economic readings. New York factory activity was reported to have expanded this month, the first major uptick seen since July. Consumer sentiment also topped analysts’ expectations in a preliminary reading for February, while U.S. industrial production fell, but lower than forecasted. Meanwhile, […]

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After yesterday’s pullback, investors welcomed several better-than-expected earnings reports, which helped outweigh sluggish economic data. Oil giant Valero (VLO) topped analysts expectations in their fourth quarter earnings report, posting profits that came in well above estimates. Pharma behemoth Pfizer (PFE) also reported solid earnings, with profits per share coming in at 47 cents. In economic news, the […]

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Despite Friday’s relatively large miss in GDP, stocks were able to post a week in the black as strong earnings helped major indexes make a run higher. Unfortunately, it seems that we are still at the mercy of Europe as any news about Spanish debts will rock markets. The coming week features the tail end […]

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As earnings season comes to an end, investors will have one more week to focus on blue chip quarterly results to help guide their trades and positions. Last week saw earnings come in as a mixed bag, but that all changed on Friday when unemployment figures shattered the mold and dropped to 8.3% with 243,000 […]

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Although the global economy remains shaky to say the least, commodity prices have been soaring as worries over the U.S. dollar continue to dominate the market. Oil prices have held up especially well considering the possibility of a reduction in demand in the foreseeable future and are currently trading around the triple digit mark. This […]

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IndexIQ rolled out the latest ETF offering exposure to oil companies today, debuting the IQ Global Oil Small Cap ETF (IOIL). The new ETF will be the first exchange-traded product to offer exposure to global small cap companies engaged in the oil sector, including areas of exploration and production, refining and marketing, and equipment, services […]

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Optimism over the health of the global economy has surged in recent weeks as investors have scooped up shares in a variety of industries in order to benefit from a budding recovery. This joyful mood has also helped to boost the price of crude oil which was trending close to its 52 week high, approaching […]

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On Monday, news of coordinated bomb attacks in Baghdad made headlines around the world, highlighting the ongoing violence that continues to grip Iraq. Also on Monday, the government reported that the man known as “Chemical Ali,” one of the most ruthless allies of Saddam Hussein, was executed for crimes against humanity. Receiving far less attention […]

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The Jefferies | TR/J CRB Wildcatters Exploration & Production Equity ETF (WCAT) began trading this week, offering investors a way to gain exposure to equity securities of a global universe of companies engaged in the production of oil and natural gas sectors. The index underlying WCAT is a modified cap-weighted benchmark. To be eligible for […]

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