Equity markets ended the session in green territory yesterday as investors focused on better-than-expected earnings from IBM instead of worrisome data on the home front. Weekly jobless claims came in at 386,000 versus the expected 352,000, while existing home sales also disappointed as the figure in at 4.37 million versus the expected 4.55 million. Amidst the mildly-bullish sentiment on Wall Street, crude oil futures took off; prices for the fossil fuel soared close to 3% on the day, settling just above $92.50 a barrel as the closing bell rang [see also How To Play Schiff's $5,000 Gold Prediction]. Earnings Preview Oil industry behemoth Schlumberger (SLB) is slated to report quarterly earnings later today before the opening bell on Wall Street. As such, our ETF to watch for the day is the Van Eck Market Vectors Oil Services ETF (OIH), which has Schlumberger as its top holding, allocating close to 21% of its total assets [...] Click here to read the original article on ETFdb.com. Related Posts: Energy ETF Cheat Sheet: Expenses, Dividends, And Returns HOLDRS Conversion Begins: Investor Action Required ETF Shakeup: HOLDRS Headed For Extinction, ELEMENTS To Follow? Van Eck, Merrill Partner: Conversion of HOLDRS Ahead? ETF Insider: Picky Bulls, Broad Bears
Equity markets ended the session in green territory yesterday as investors focused on better-than-expected earnings from IBM instead of worrisome data on the home front. Weekly jobless claims came in at 386,000 versus the expected 352,000, while existing home sales also disappointed as the figure in at 4.37 million versus the expected 4.55 million. Amidst the mildly-bullish sentiment on Wall Street, crude oil futures took off; prices for the fossil fuel soared close to 3% on the day, settling just above $92.50 a barrel as the closing bell rang [see also How To Play Schiff's $5,000 Gold Prediction]. Earnings Preview Oil industry behemoth Schlumberger (SLB) is slated to report quarterly earnings later today before the opening bell on Wall Street. As such, our ETF to watch for the day is the Van Eck Market Vectors Oil Services ETF (OIH), which has Schlumberger as its top holding, allocating close to 21% of its total assets [...]
Click here to read the original article on ETFdb.com.
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