June 25, 2013 at 17:21 PM EDT
Daily ETF Roundup: Equities Recover, IYR And XHB Rally On Upbeat Housing Data
A slew of better-than-expected economic reports helped U.S. equities erase most of the previous session’s losses during today’s session. The S&P Case-Shiller 20-City home price index was reported to have risen 12.1% in April from a year earlier, topping analysts forecasts of an 11.1% increase. Durable goods orders also beat expectations, rising 3.6% in May from April versus the expected 3.2% uptick. In separate reports, new home sales rose 2.1% to a seasonally adjusted 476,000, while the Conference Board’s Consumer Confidence Index rose to 81.41 – the highest level in five years [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Equities Recover, IYR And XHB Rally On Upbeat Housing Data Following today’s upbeat economic reports, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF gained 0.70% after its underlying index rallied nearly 150 points. The S&P 500 ETF rose 0.96%, while the tech-heavy Nasdaq ETF closed 0.63% [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Pops On Homebuilder Data, EWG Jumps On Bundesbank Outlook Daily ETF Roundup: Buy The Rumor, Sell The Tweet Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013 Daily ETF Roundup: Housing Data Brings Back The Bulls Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally
A slew of better-than-expected economic reports helped U.S. equities erase most of the previous session’s losses during today’s session. The S&P Case-Shiller 20-City home price index was reported to have risen 12.1% in April from a year earlier, topping analysts forecasts of an 11.1% increase. Durable goods orders also beat expectations, rising 3.6% in May from April versus the expected 3.2% uptick. In separate reports, new home sales rose 2.1% to a seasonally adjusted 476,000, while the Conference Board’s Consumer Confidence Index rose to 81.41 – the highest level in five years [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Equities Recover, IYR And XHB Rally On Upbeat Housing Data Following today’s upbeat economic reports, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF gained 0.70% after its underlying index rallied nearly 150 points. The S&P 500 ETF rose 0.96%, while the tech-heavy Nasdaq ETF closed 0.63% [...]

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

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