Monday ETF Roundup: VGK Rises After Eurozone Elections, VXX Turns Lower
By Stoyan Bojinov:Equity markets opened just below Friday’s close on Monday morning as parliamentary elections in the debt burdened eurozone over the weekend rattled investors’ confidence. On the home front, major indexes oscillated between minor gains and losses for most of the session. The Nasdaq and S&P 500 proved most resilient, gaining 0.05% and 0.04% on the day respectively, while the Dow Jones Industrial Average fared a bit worse, finishing lower by 0.23% as the trading session drew to a close.
Last Friday’s employment report put a real strain on investors’ confidence, although today’s better-than-expected consumer credit data surely helped restore some optimism. U.S. consumers increased debt in March by $21.3 billion, marking a much larger-than-anticipated expansion in the credit market given the previous month’s reading of $9.3 billion. Amidst the uneventful trading activity on Wall Street, the price of gold fluctuated throughout the session. Futures prices for the precious yellow metalComplete Story »