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Futures point to opening gains on GOP victory; gold dives

Nov. 05, 2014 7:01 AM ETQQQ, SPY, DIA, GLD, IVV, RSP, FEZ, EWI, QQEW, PSQ, SH, DOG, QLD, SSO, DDM, DXD, QID, SDS, QQXT, EPS, RWL-OLD, SPXL, UPRO, BXUB, BXUC, TQQQ, SQQQ, UDOW, SDOW, VOO, SFLA-OLD, QQQE, SPLX, SPUU, SPXUBy: Stephen Alpher, SA News Editor23 Comments
  • S&P 500 (NYSEARCA:SPY) and DJIA (NYSEARCA:DIA) futures are ahead by 0.35% and Nasdaq 100 (NASDAQ:QQQby 0.5%, with the GOP's taking of the Senate last night as good of an excuse as any for the mild rally.
  • A major rally in Europe (NYSEARCA:FEZ) is being led by Italy's (NYSEARCA:EWI1.8% gain, and Asia was mixed overnight.
  • The 10-year Treasury yield is up one basis point at 2.35%, and gold continue to get beat mercilessly, down another 2.5% to $1,138 per ounce, its lowest price in more than four years.
  • GLD -2.1% premarket
  • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, PSQ, IVV, SPXU, UPRO, TQQQ, SPXL, RSP, QID, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SPLX, BXUC, SFLA, QQXT, SPUU

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