May 07, 2013 at 17:35 PM EDT
Daily ETF Roundup: Dow Closes Above 15,000, VOX Rallies Alongside Telecom Stocks
Bullish momentum returned on Wall Street today, with the Dow Jones Industrial Average closing above the milestone 15000 level for the first time. Meanwhile, investors digested several encouraging economic developments from overseas: in Australia, the Reserve Bank of Australia surprised investors after they lowered their key interest rate by 0.25% to a record low of 2.75%. German manufacturing also came in significantly better-than-expected; manufacturing orders for March rose 2.2%, compared to the forecast of a 0.52% decline. On the home front, however, U.S. consumer credit increased by $8 billion in March, below expectations [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Dow Closes Above 15,000, VOX Rallies Alongside Telecom Stocks Following encouraging economic news from overseas, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF ended 0.56% higher, as its underlying index finished at a record close of 15056.20. The S&P 500 ETF rose 0.51%, while the tech-heavy Nasdaq ETF slipped [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLF Rises After Berkshire Earnings, EWM Soars On Malaysian Elections Daily ETF Roundup: IAK Jumps On AIG Earnings, DBB Pops On Copper Rally Daily ETF Roundup: IEO Jumps After Pioneer Natural Resources Earnings, IYW Pops Daily ETF Roundup: XLV Slips On Pfizer Earnings, VGT Jumps On Apple Bond Deal Daily ETF Roundup: XLK Rallies, REZ Pops On Housing Data
Bullish momentum returned on Wall Street today, with the Dow Jones Industrial Average closing above the milestone 15000 level for the first time. Meanwhile, investors digested several encouraging economic developments from overseas: in Australia, the Reserve Bank of Australia surprised investors after they lowered their key interest rate by 0.25% to a record low of 2.75%. German manufacturing also came in significantly better-than-expected; manufacturing orders for March rose 2.2%, compared to the forecast of a 0.52% decline. On the home front, however, U.S. consumer credit increased by $8 billion in March, below expectations [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Dow Closes Above 15,000, VOX Rallies Alongside Telecom Stocks   Following encouraging economic news from overseas, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF ended 0.56% higher, as its underlying index finished at a record close of 15056.20. The S&P 500 ETF rose 0.51%,  while the tech-heavy Nasdaq ETF slipped [...]

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

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