ETFs Move As Portugal Bond Sale Restores Confidence

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Exchange traded funds (ETFs) rose on Wednesday, tracking a rally in European equities, as investors digested the results from a Portuguese government debt auction and awaited the Federal Reserve's report on current economic conditions.

  • European stocks are way up after he Portuguese government sold $1.6 billion in bonds. The EWP) is up nearly 5% in early trading.
  • In economic data released before the open, import prices were reported up 1.1% n December, on higher prices for fuel and non-fuel imports, SEA)is a great way to play import activity.
  • On the corporate front, shares of ITT Corp. ( ITT ) rallied big time up over 18% today after CGW)is up 1.6% so far today on the news; ITT is 4.8% of the ETF.
  • Shares of oil major Chevron Corp. (NYSE: CVX ) are up today after DIG) rose more than 1.5% so far today.

Gregory A. Clay contributed to this article.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , ETFs

Referenced Stocks: ITT

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