Daily ETF Roundup: ITA Tumbles On Boeing, IYG Rallies

By: ETFdb
U.S. equities ended little changed today as investors digested a slew of corporate news and earnings, as well as Bernanke’s commentary from earlier this week. JPMorgan Chase (JPM) reported earnings and revenue that were well above Wall Street expectations. Wells Fargo & Co. (WFC) also posted better-than-expected results, with profit rising 20% in the second quarter. Shares of Boeing (BA), however, tumbled after a fire broke out at London Heathrow Airport on one of the company’s Dreamliner planes [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: ITA Tumbles On Boeing, IYG Rallies Following today’s upbeat earnings reports, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF slipped 0.14%, though its underlying index closed up 0.02% after being dragged down by Boeing. The S&P 500 ETF inched 0.04% higher, while the tech-heavy Nasdaq ETF gained 0.61%. In Europe, markets erased earlier gains to end lower; the Stoxx Europe [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Surge On Bernanke Commentary, IYW And IWM Pop Daily ETF Roundup: UCO Pops As Crude Tops $106, IBB Rallies Daily ETF Roundup: XLI Pops, XHB Rallies On Foreclosure Data Daily ETF Roundup: FDN and XLP Pop Ahead Of Unofficial Start Of Earnings Season Daily ETF Roundup: EPGT Rallies On Turmoil In Egypt, XLI Slumps
U.S. equities ended little changed today as investors digested a slew of corporate news and earnings, as well as Bernanke’s commentary from earlier this week. JPMorgan Chase (JPM) reported earnings and revenue that were well above Wall Street expectations. Wells Fargo & Co. (WFC) also posted better-than-expected results, with profit rising 20% in the second quarter. Shares of Boeing (BA), however, tumbled after a fire broke out at London Heathrow Airport on one of the company’s Dreamliner planes [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: ITA Tumbles On Boeing, IYG Rallies  Following today’s upbeat earnings reports, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF slipped 0.14%, though its underlying index closed up 0.02% after being dragged down by Boeing. The S&P 500 ETF inched 0.04% higher, while the tech-heavy Nasdaq ETF gained 0.61%. In Europe, markets erased earlier gains to end lower; the Stoxx Europe [...]

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

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