Daily ETF Roundup: XLI Rallies Alongside Industrials, VOX Pops

Bullish momentum returned on Wall Street today, pushing equities to the highest levels in almost three weeks as the Federal Reserve kicked off their two-day meeting to discuss its bond-buying program. In economic news, the consumer price index for May rose 0.1%, slightly below expectations. On the housing front, building permits fell in May, while housing starts rose 6.8% to 914,000 units, missing analysts’ expectations of a 950,000 figure [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLI Rallies Alongside Industrials, VOX Pops As investors turned their attention to the Fed, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.87%, after its underlying index rallied 138.38 points. The S&P 500 ETF gained 0.79%, while the tech-heavy Nasdaq ETF rose 0.81%. In Europe, markets were mixed ahead of the Fed’s press conference; the Stoxx Europe 600 slipped 0.1%. Meanwhile, Japan’s Nikkei Stock Average fell [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks End Week On A Strong Note, XLI Rallies Daily ETF Roundup: Dow Closes Above 15,000, VOX Rallies Alongside Telecom Stocks Daily ETF Roundup: Stocks Close Lower On First Day Of Q2 Daily ETF Roundup: Stocks End Lower After Fed Minutes Daily ETF Roundup: XHB Pops On Homebuilder Data, EWG Jumps On Bundesbank Outlook