The markets and exchange traded funds (ETFs) are searching for
direction this morning. All signs are there that the economy is
indeed improving, but nerves are still frayed by yesterday's
Private employers stepped up job creation in April, expanding
payrolls by 231,000, the strongest surge since March 2006. With
another 66,000 temporary government jobs created to conduct the
census, the total for April settled at 290,000. However, with more
jobs available, 805,000 job-seekers returned to their search for
work, causing the unemployment rate to rise 0.2% to 9.9% overall. [
5 ETFs to Play the Recovery.
As the euro stabilizes at $1.2761 after a steep decline on
eurozone debt fears, oil hovers at $77. Plunging global stock
prices have weighed heavily on crude prices recently, but with
recovery on the horizon, demand for crude could steadily increase.
ETFs to Hedge Inflationary Risks.
United States Oil Fund (NYSEArca:
) posted a first-quarter profit of 3.1% with shares at $37.89
in pre-market trading, an increase of 23% this year through the
close. It was the insurers third quarterly profit since 2007. The
company also announced asset-sales transactions of $51
billion that are expected to close by year-end, allowing AIG to pay
down a portion of its debt. [
Why Some Are Bullish on Financial ETFs.
SPDR KBW Insurance (NYSEArca:
Gold has again reached $1,200 as investors crave safety while U.
S. equities are declining sharply. Gold was up $3.10, or 0.3% to
$1,200.40 an ounce on the Comex division of the New York Mercantile
ETF Securities Physical Swiss Gold Shares (NYSEArca:
Aaron Hurst contributed to this article