Daily ETF Roundup: GDX Pops As Gold Surges, IYE Slumps

U.S. equities managed to eke out small gains today as investors digested a mixed bag of earnings reports and underwhelming housing data. On the corporate front, fast-food giant McDonald’s (MCD) reported earnings and revenues that disappointed Wall Street expectations. Toy-maker Hasbro (HAS) also reported lower-than expected earnings, while Haliburton (HAL) missed earnings forecasts but reported higher revenues. In economic news, the National Association of Realtors reported a decline in existing-home sales for June; sales fell 1.2% versus the expected rise of 1.9% [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: GDX Pops As Gold Surges, IYE Slumps Despite today’s mixed earnings and economic reports, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF traded 0.20% higher, after its underlying index logged in a four-day rally and yet another record closing high. The Dow Jones Industrial Average ETF slipped 0.01% (though its underlying index ended up 0.01%), [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: SDY Slumps Alongside High-Yield Sectors, GDX Rips Higher Daily ETF Roundup: Stocks Slide Sideways Daily ETF Roundup: Fed Minutes Spook Stocks Daily ETF Roundup: Another Day, Another Sell-Off Daily ETF Roundup: Stocks Finish Flat, XLK Tumbles On Microsoft And Google Earnings