U.S. equities reversed earlier losses to end near session highs during a relatively quiet trading session. Investors, however, hesitated jumping in ahead of what many expect to be a lackluster first quarter earnings season. To kick things off, bellwether Alcoa (AA) released its Q1 earnings today after the closing bell, posting a 59% rise in profits on one-time benefits and cost-reduction efforts. The aluminum giant did however note that revenue suffered from lower aluminum prices due to a massive supply glut. Meanwhile, investors also remained cautious ahead of tonight’s Atlanta Federal Reserve Conference, where Fed Chairman Ben Bernanke will speak [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Stocks Reverse Losses To Close Higher After reversing earlier losses, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF gained 0.44%, as its underlying index ticked 48.23 points, or 0.3%, higher. The S&P 500 ETF rose 0.68%, while [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Historic Week Finishes On Upbeat Labor Data Daily ETF Roundup: Stocks Drop On Disappointing Labor Data Daily ETF Roundup: Stocks Rebound On Bank of Japan Move Daily ETF Roundup: Stocks Close Sharply Lower Daily ETF Roundup: Health Care Stocks Push Indexes To New Highs
U.S. equities reversed earlier losses to end near session highs during a relatively quiet trading session. Investors, however, hesitated jumping in ahead of what many expect to be a lackluster first quarter earnings season. To kick things off, bellwether Alcoa (AA) released its Q1 earnings today after the closing bell, posting a 59% rise in profits on one-time benefits and cost-reduction efforts. The aluminum giant did however note that revenue suffered from lower aluminum prices due to a massive supply glut. Meanwhile, investors also remained cautious ahead of tonight’s Atlanta Federal Reserve Conference, where Fed Chairman Ben Bernanke will speak [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Stocks Reverse Losses To Close Higher After reversing earlier losses, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF gained 0.44%, as its underlying index ticked 48.23 points, or 0.3%, higher. The S&P 500 ETF rose 0.68%, while [...]
Click here to read the original article on ETFdb.com.
Related Posts:
