Gold Explodes, Stocks Climb, Dollar Falls
Gold exploded higher breaking records at $1045.00 an ounce. Correspondingly, partly in response to Australia raising interest rates, the U.S. Dollar stumbled lower once again on the back of the rate hike and surging commodity prices. Positive feelings about third quarter earnings sent the equity market surging higher as the DJIA advanced +131.50 to 9731.25, the tech heavy Nasdaq climbed +35.42 to 2103.57 and the broad based S&P 500 marched ahead by +14.26 to 1054.72.
Newmont Mining
(
NEM |
Quote |
Chart |
News |
PowerRating): Soared higher by 6.97% or $3.01 to $46.21/share on the back of a gold mining sector rally driven by the record high gold prices.
Hartford Financial
(
HIG |
Quote |
Chart |
News |
PowerRating): Led the S&P 500 higher climbing 7.89% or $2.07 to $28.32 after being upgraded at UBS to “buy”.
New York Times
(
NYT |
Quote |
Chart |
News |
PowerRating): Even old style media companies advanced today with Rupert Murdoch predicting an increase in advertising sales. The stock climbed 4.99% or 39 cents to $8.20/share.
St Jude Medical
(
STJ |
Quote |
Chart |
News |
PowerRating): Did not participate in the bullish fever after saying sales of its heart device will be lower in the third quarter. Shares slipped 12.66% or $4.84 to $33.40.
Gold exploded higher by $21.90 to $1040.00, oil added 47 cents to $71.19 and the VIX index contracted by 4.25% to 25.70.
Just Launched NEW ETF PowerRatings! Find the best ETFs to trade daily. Everything you need to trade ETFs in just one number. Get 7 Day Free Trial now.
| Market Snapshot | |||||||||||||||
|
| Economic News |
|||
|