Daily ETF Roundup: XLU Pops, EWZ Rallies Alongside Petrobras

U.S. equities got off to a strong start this week with the Dow Jones Industrial Average and S&P 500 logging in record closes. Though trading was relatively light, investors turned their attention to China’s GDP figures; the nation’s annual economic growth slowed to 7.5% in the second quarter from 7.7%. In other economic news, retail sales rose just 0.4% in June, greatly missing expectations of a 0.8% uptick. Meanwhile, New York State’s manufacturing sector grew 9.46 in July from 7.84 in June [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLU Pops, EWZ Rallies Alongside Petrobras Despite a light trading session, all three major U.S. equity indexes rose to close in positive territory. The Dow Jones Industrial Average ETF gained 0.30%, after its underlying index traded within 60 points from its all-time high. The S&P 500 ETF traded 0.39% higher, while the tech-heavy Nasdaq ETF gained 0.20%. In Europe, markets were broadly higher; the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Fed Hints At Future Taper, XLU And IBB Tumble Daily ETF Roundup: FXY Pops As Dollar Tumbles, XLU Rallies Daily ETF Roundup: DXJ Tumbles After Nikkei Freefall, XLU Slumps Daily ETF Roundup: YCS Pops On Weaker Yen, XLU Slides Alongside Utilities Daily ETF Roundup: Stocks Rebound On Bank of Japan Move