June 26, 2013 at 18:13 PM EDT
Daily ETF Roundup: XLV Rallies, PBW Pops On Obama’s Energy Plans
U.S. equities closed higher once again today, as investors weighed today’s GDP report against the possibility of the Fed scaling back its bond buying program. According to the Commerce Department, the U.S. economy grew by 1.8% during the first quarter of 2013, revised downward from the previous reading of 2.4%. The underwhelming report had investors thinking the central bank will delay tapering even further, since the Fed has emphasized the need for a healthy economy and labor market before any monetary policy changes can be made [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLV Rallies, PBW Pops On Obama’s Energy Plans As Fed tapering fears eased, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF jumped 1.01% after its underlying index rallied nearly 150 points. The S&P 500 ETF rose 0.99%, while the tech-heavy Nasdaq ETF gained 0.87%. In Europe, markets were broadly higher [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Healthcare Shares Boost IHI And XLV Daily ETF Roundup: IGN Pops After Cisco Earnings, XLV Slumps Daily ETF Roundup: XLV Slips On Pfizer Earnings, VGT Jumps On Apple Bond Deal Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013 Daily ETF Roundup: Stocks Close Near Session Highs
U.S. equities closed higher once again today, as investors weighed today’s GDP report against the possibility of the Fed scaling back its bond buying program. According to the Commerce Department, the U.S. economy grew by 1.8% during the first quarter of 2013, revised downward from the previous reading of 2.4%. The underwhelming report had investors thinking the central bank will delay tapering even further, since the Fed has emphasized the need for a healthy economy and labor market before any monetary policy changes can be made [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLV Rallies, PBW Pops On Obama’s Energy Plans As Fed tapering fears eased, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF jumped 1.01% after its underlying index rallied nearly 150 points. The S&P 500 ETF rose 0.99%, while the tech-heavy Nasdaq ETF gained 0.87%. In Europe, markets were broadly higher [...]

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

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