Wednesday’s ETF Chart To Watch: SPDR Gold Trust (GLD)
Buying pressures continue to reign supreme on Wall Street as equities tallied yet another session in green territory; the S&P 500 Index posted a fresh five-year high yesterday, settling just shy of the 1,510 mark as the closing bell rang. Upbeat earnings from healthcare giants Pfizer and Eli Lilly & Co. kept optimism alive and overshadowed the lackluster consumer confidence data on the day, which came in at 58.6 versus the expected 64.3 [see Visual History Of The S&P 500]. Today is shaping out to be an eventful day on Wall Street as investors will digest several key releases. First, U.S. GDP data is slated to hit the street at the opening bell, which could encourage volatile trading in the State Street SPDR Gold Trust as investors shift between risky and safe haven assets. Second, the FOMC announcement is scheduled to take place in the afternoon, which could further sway the price of gold [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears At The Gates 3 ETFs To Watch This Week: XLI, XLY, GLD iShares Plans Risk And Value MSCI ETFs, Credit Suisse Files For Covered-Call Gold ETN How To Swing Trade ETFs ETF Insider: S&P 500 Pumps Breaks Ahead Of Major Resistance
Buying pressures continue to reign supreme on Wall Street as equities tallied yet another session in green territory; the S&P 500 Index posted a fresh five-year high yesterday, settling just shy of the 1,510 mark as the closing bell rang. Upbeat earnings from healthcare giants Pfizer and Eli Lilly & Co. kept optimism alive and overshadowed the lackluster consumer confidence data on the day, which came in at 58.6 versus the expected 64.3 [see Visual History Of The S&P 500]. Today is shaping out to be an eventful day on Wall Street as investors will digest several key releases. First, U.S. GDP data is slated to hit the street at the opening bell, which could encourage volatile trading in the State Street SPDR Gold Trust as investors shift between risky and safe haven assets. Second, the FOMC announcement is scheduled to take place in the afternoon, which could further sway the price of gold [...]

Click here to read the original article on ETFdb.com.

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