June 14, 2013 at 16:38 PM EDT
Daily ETF Roundup: Stocks End Week In The Red, IXC Slumps Alongside Energy Shares
U.S. equities finished off a volatile week in the red today, following a slew of mixed economic data and lingering Fed tapering concerns. In economic news, the University of Michigan’s preliminary consumer sentiment reading came in at 82.7, below the 84.5 expectation. In separate reports, producer prices rose more than expected, while the current account deficit widened in Q1. Adding to woes, the IMF revised its U.S. growth outlook for 2013 down to 2.7% [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks End Week In The Red, IXC Slumps Alongside Energy Shares Closing out a volatile week, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF fell 0.75%, as its underlying index logged in its fourth triple-digit move in a row. The S&P 500 ETF shed 0.64%, while the tech-heavy Nasdaq ETF lost 0.62%. In Europe, markets were slightly up with the Stoxx Europe [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: FXG Pops On Safeway Acquisition, XLF Rallies Daily ETF Roundup: Dow Falls Below 15,000, XLY Slumps, TUR Jumps Daily ETF Roundup: VXX Spikes On BOJ Worries, KBE Slumps Daily ETF Roundup: Google Pushes FDN Higher, CHIQ Slumps On Chinese Data Daily ETF Roundup: Stocks End Week On A Strong Note, XLI Rallies
U.S. equities finished off a volatile week in the red today, following a slew of mixed economic data and lingering Fed tapering concerns. In economic news,  the University of Michigan’s preliminary consumer sentiment reading came in at 82.7, below the 84.5 expectation. In separate reports, producer prices rose more than expected, while the current account deficit widened in Q1. Adding to woes, the IMF revised its U.S. growth outlook for 2013 down to 2.7% [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks End Week In The Red, IXC Slumps Alongside Energy Shares Closing out a volatile week, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF fell 0.75%, as its underlying index logged in its fourth triple-digit move in a row. The S&P 500 ETF shed 0.64%, while the tech-heavy Nasdaq ETF lost 0.62%. In Europe, markets were slightly up with the Stoxx Europe [...]

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

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