U.S (Page 9)

Gold plunges as U.S. services PMI hits best level in more than two years (NYSEARCA:GLD)

monsitj/iStock via Getty Images Gold prices sank Friday after data showing surprising strength in U.S. business activity boosted the dollar and bond yields, wiping out gold’s gains made during the rest of the week. The S&P Global U.S. Composite Purchasing Managers Index, which gauges activity in the manufacturing and servicesContinue Reading

Short interest on the 2 biggest U.S. equity ETFs have fallen to record lows (NYSEARCA:SPY)

Torsten Asmus JPMorgan’s global markets strategy team noted that the short interest on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the Invesco QQQ Trust ETF (NASDAQ:QQQ) has fallen to record lows, but cautioned that a reversal in that decline could impact U.S. stocks. The SPY tracks Wall Street’s benchmarkContinue Reading