July 09, 2013 at 17:26 PM EDT
Daily ETF Roundup: XLI Pops, XHB Rallies On Foreclosure Data
U.S. equities ended in positive territory once again today after the second quarter earnings season kicked off on a relatively positive note. Yesterday, bellwether Alcoa reported adjusted earnings that were higher than expected, while revenues fell in line with expectations. In economic news, the National Federation of Independent Business reported that its small-business optimism index fell in June from the month before, while the Conference Board’s employment trends index rose 3.8% from a year ago [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: FDN and XLP Pop Ahead of Unofficial Start Of Earnings Season With the second quarter earnings season on its way, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF rallied 0.51% after its underlying index was within 100 points of reaching its record close of 15,409.39. The S&P 500 ETF rose 0.72%, while the tech-heavy Nasdaq ETF gained 0.62% after its underlying [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: EPGT Rallies On Turmoil In Egypt, XLI Slumps Daily ETF Roundup: XHB Jumps On Construction Data, IBB Pops Daily ETF Roundup: Equities Recover, IYR And XHB Rally On Upbeat Housing Data Daily ETF Roundup: XLI Rallies Alongside Industrials, VOX Pops Daily ETF Roundup: XHB Pops On Homebuilder Data, EWG Jumps On Bundesbank Outlook
U.S. equities ended in positive territory once again today after the second quarter earnings season kicked off on a relatively positive note. Yesterday, bellwether Alcoa reported adjusted earnings that were higher than expected, while revenues fell in line with expectations. In economic news, the National Federation of Independent Business reported that its small-business optimism index fell in June from the month before, while the Conference Board’s employment trends index rose 3.8% from a year ago [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: FDN and XLP Pop Ahead of Unofficial Start Of Earnings Season With the second quarter earnings season on its way, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF rallied 0.51% after its underlying index was within 100 points of reaching its record close of 15,409.39. The S&P 500 ETF rose 0.72%, while the tech-heavy Nasdaq ETF gained 0.62% after its underlying [...]

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

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