After a lackluster trading session, U.S. equities finished flat, though the S&P 500 briefly touched a new all-time high. Helping support stocks was a better-than-expected retail sales report; U.S. advanced retail sales came in at 0.1% for the month of April, compared to the expected -0.3% decline. In a separate report, U.S. business inventories came in flat for the month of March; analysts had forecasted a slightly uptick. Meanwhile, investors kept a close eye on a Wall Street Journal report, which stated that the Federal Reserve may be getting ready to slowly scale back its massive bond-buying program [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks Finish Flat, IBB And DXJ Pop After a lackluster trading session , only two major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF inched 0.8% higher, as its underlying index briefly hit a new all-time high. The Dow Jones Industrial Average ETF [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: PPA Pops On Boeing Earnings, IBB Slumps On Declining Amgen Sales Daily ETF Roundup: Stocks Lower On European Concerns Daily ETF Roundup: Stocks Shrugg Off Sequester Daily ETF Roundup: Stocks Close Flat On Euro Zone Worries Daily ETF Roundup: Stocks Post Third Week Of Gains, XRT Jumps Alongside Consumer Shares
After a lackluster trading session, U.S. equities finished flat, though the S&P 500 briefly touched a new all-time high. Helping support stocks was a better-than-expected retail sales report; U.S. advanced retail sales came in at 0.1% for the month of April, compared to the expected -0.3% decline. In a separate report, U.S. business inventories came in flat for the month of March; analysts had forecasted a slightly uptick. Meanwhile, investors kept a close eye on a Wall Street Journal report, which stated that the Federal Reserve may be getting ready to slowly scale back its massive bond-buying program [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks Finish Flat, IBB And DXJ Pop After a lackluster trading session , only two major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF inched 0.8% higher, as its underlying index briefly hit a new all-time high. The Dow Jones Industrial Average ETF [...]
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