May 03, 2013 at 17:59 PM EDT
Daily ETF Roundup: IAK Jumps On AIG Earnings, DBB Pops On Copper Rally
Following a better-than-expected labor report, U.S. equities ripped higher, with the Dow Jones Industrial Average rising above 15,000 and the S&P 500 topping the 1,600 level during the session. According to the Labor Department, April saw 165,000 new jobs and the unemployment rate fell to a four year low of 7.5%. Non-farm payrolls also came in better than expected. In other economic news, the Institute for Supply Management reported that its non-manufacturing index rose in April, but at a slower pace than expected [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: IAK Jumps On AIG Earnings, DBB Pops On Copper Rally Following today’s encouraging labor report, all three major U.S. equity indexes rallied to close in positive territory. The S&P 500 ETF rose 1.01%, as its underlying index soared above 1,600. The Dow Jones Industrial Average ETF ended 0.95% higher, while the tech-heavy Nasdaq ETF popped 1.18%. In Europe, markets were broadly higher; the Stoxx Europe 600 surged [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Buy The Rumor, Sell The Tweet Daily ETF Roundup: Dow Hits Multi-year High Daily ETF Roundup: Jobs Report Boosts Markets ETF Insider: Optimism Bolsters Indexes Above Key Support Daily ETF Roundup: IEO Jumps After Pioneer Natural Resources Earnings, IYW Pops
Following a better-than-expected labor report, U.S. equities ripped higher, with the Dow Jones Industrial Average rising above 15,000 and the S&P 500 topping the 1,600 level during the session. According to the Labor Department, April saw 165,000 new jobs and the unemployment rate fell to a four year low of 7.5%. Non-farm payrolls also came in better than expected. In other economic news, the Institute for Supply Management reported that its non-manufacturing index rose in April, but at a slower pace than expected [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: IAK Jumps On AIG Earnings, DBB Pops On Copper Rally Following today’s encouraging labor report, all three major U.S. equity indexes rallied to close in positive territory. The S&P 500 ETF rose 1.01%, as its underlying index soared above 1,600. The Dow Jones Industrial Average ETF ended 0.95% higher, while the tech-heavy Nasdaq ETF popped 1.18%. In Europe, markets were broadly higher; the Stoxx Europe 600 surged [...]

Click here to read the original article on ETFdb.com.

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