Daily ETF Roundup: FDN and XLP Pop Ahead Of Unofficial Start Of Earnings Season

Following a holiday-shortened week, U.S. equities logged in their three-session win streak ahead of the unofficial kickoff of the Q2 earnings season. After the closing bell, aluminum giant Alcoa (AA) reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether’s EPS at a mere 7 cents per share. Later this week, financial giants JPMorgan (JPM) and Wells Fargo (WFC) are slated to post their earnings. So far, analysts have been quite negative on this coming earnings season [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: FDN and XLP Pop Ahead Of Unofficial Start Of Earnings Season Ahead of Alcoa’s unofficial kickoff of the Q2 earnings season, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF rallied 0.66% after its underlying index was within 200 points of reaching its record close of 15,409.39. The S&P 500 ETF rose 0.57%, while the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Nosedive, VXX Spikes and XLP Tumbles Daily ETF Roundup: Google Pushes FDN Higher, CHIQ Slumps On Chinese Data Daily ETF Roundup: XLP Rallies Alongside Consumer Staples, INDY Pops Daily ETF Roundup: Stocks End Week On High Note Daily ETF Roundup: Dow Snaps Its 10-Day Win Streak