Tuesday was filled with all sorts of good, bad, and ugly news. At home, investors digested a solid earnings report from Wells Fargo, although Citigroup’s quarterly performance came in below expectations, painting a gloomier outlook for the financials sector as a whole. News from overseas was mixed as well; China posted better-than-expected GDP results while Standard & Poor’s cut the credit rating of the European Financial Stability Facility, the region’s bailout fund [see ETF Insider: Euro Woes Weigh On Earnings]. The latest Empire State Factory Index helped to propel equities higher as investors on Wall Street rejoiced over better-than-expected data. New York’s manufacturing index came in at 13.5, blowing past analyst estimates of 11.3, and surpassing last month’s reading of 8.2. Amidst the cornucopia of economic data, U.S. stocks sided with the bulls; the Nasdaq led the way higher with a 0.64% gain on the day, while the S&P 500 [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: DBB Sinks On ISM Report, UNG Gains On Hot Weather Forecast Daily ETF Roundup: UNG Rises On Storage Deficit Concerns, DBB Falls On China Worries Daily ETF Roundup: UNG Slumps On Weather, DBB Surges On Copper’s Strength Daily ETF Roundup: DBB Falls, UNG Finally Surges Higher “Optimum Yield” ETFs: A Contango-Free Alternative?