Stocks climbed higher on Wednesday as uncertainty over the fate of the euro zone appears to have seemingly disappeared from the market this week. Domestic equity indexes extended gains into green territory for the 7th consecutive session yesterday, leading many to believe that the markets may be showing signs of a bottom in the near term. FOMC minutes from the most recent Fed meeting were released yesterday, revealing that policymakers are still concerned about the health of the domestic economic recovery. Gold drifted higher alongside equities, with the precious metal settling near $1,670 an ounce for the day. Earnings season is underway and financial behemoth, JPMorgan Chase, is slated to report quarterly performance results before the opening bell today. The company is the second largest holding in the iShares Dow Jones U.S. Financial Services Index Fund (IYG), making this our ETF to watch. Analysts are expecting an EPS of 98 [...] Click here to read the original article on ETFdb.com. Related Posts: Wednesday’s ETF To Watch: Financial Services Fund (IYG) Three ETFs To Watch This Week: IYG, PPH, ITA ETF Winners And Losers From First Week Of Earnings Season Three ETFs To Watch This Week: EWZ, SMH, IYG Why The Reform Bill Boosted Financial ETFs
Stocks climbed higher on Wednesday as uncertainty over the fate of the euro zone appears to have seemingly disappeared from the market this week. Domestic equity indexes extended gains into green territory for the 7th consecutive session yesterday, leading many to believe that the markets may be showing signs of a bottom in the near term. FOMC minutes from the most recent Fed meeting were released yesterday, revealing that policymakers are still concerned about the health of the domestic economic recovery. Gold drifted higher alongside equities, with the precious metal settling near $1,670 an ounce for the day. Earnings season is underway and financial behemoth, JPMorgan Chase, is slated to report quarterly performance results before the opening bell today. The company is the second largest holding in the iShares Dow Jones U.S. Financial Services Index Fund (IYG), making this our ETF to watch. Analysts are expecting an EPS of 98 [...]
Click here to read the original article on ETFdb.com.
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