Daily ETF Roundup: XHB Pops On Homebuilder Data, EWG Jumps On Bundesbank Outlook

By: ETFdb
U.S. equities got off to a relatively strong start as investors turned their attention to the Federal Reserve meeting later this week. In economic news, the New York Fed’s Empire State manufacturing index rose to 7.84 in June, indicating an expansion; analysts had expected a reading of zero. In a separate report, the NAHB/Wells Fargo homebuilder sentiment index soared to 52 in June, marking the first reading above 50 since April 2006 and the biggest jump since 2002 [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XHB Pops On Homebuilder Data, EWG Jumps On Bundesbank Outlook Recovering from earlier lows, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.74%, after its underlying index logged in its fifth-consecutive triple-digit move. The S&P 500 ETF gained 0.78%, while the tech-heavy Nasdaq ETF rose 0.94%. In Europe, markets were broadly higher after Germany’s central bank reported [...] Click here to read the original article on ETFdb.com. Related Posts: 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 Daily ETF Roundup: Housing Soars, Earnings Miss
U.S. equities got off to a relatively strong start as investors turned their attention to the Federal Reserve meeting later this week. In economic news, the New York Fed’s Empire State manufacturing index rose to 7.84 in June, indicating an expansion; analysts had expected a reading of zero. In a separate report, the NAHB/Wells Fargo homebuilder sentiment index soared to 52 in June, marking the first reading above 50 since April 2006 and the biggest jump since 2002 [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XHB Pops On Homebuilder Data, EWG Jumps On Bundesbank Outlook Recovering from earlier lows, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.74%, after its underlying index logged in its fifth-consecutive triple-digit move. The S&P 500 ETF gained 0.78%, while the tech-heavy Nasdaq ETF rose 0.94%. In Europe, markets were broadly higher after Germany’s central bank reported [...]

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

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