The bulls continued to dominate Wall Street today, pushing stocks higher once again despite discouraging economic data from overseas. After Fitch downgraded Italy’s credit rating to triple-B-plus on late Friday, euro stocks were hit with another blow today as Italy’s gross domestic product was reported to have contracted by 0.9% in the fourth quarter. China also posted disappointing data, with industrial production and retail sales coming in below expectations and inflation rising 3.2% in February from January [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Stocks Higher Despite Disappointing Chinese Data Despite today’s disappointing economic reports, all three major U.S. equity indexes managed to close in positive territory today. The S&P 500 ETF rose 0.38%, as its underlying index rose to less than 1% away from its 2007 peak. The Dow Jones Industrial Average ETF rallied 0.42%, while the tech-heavy Nasdaq ETF gained 0.29%. In Europe, equities were broadly lower, with [...] 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: Dow Closes Above 14,300 Daily ETF Roundup: Blue-chips Post Another Record Close Daily ETF Roundup: Dow Closes At All-time High Daily ETF Roundup: Stocks Shrugg Off Sequester
The bulls continued to dominate Wall Street today, pushing stocks higher once again despite discouraging economic data from overseas. After Fitch downgraded Italy’s credit rating to triple-B-plus on late Friday, euro stocks were hit with another blow today as Italy’s gross domestic product was reported to have contracted by 0.9% in the fourth quarter. China also posted disappointing data, with industrial production and retail sales coming in below expectations and inflation rising 3.2% in February from January [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Stocks Higher Despite Disappointing Chinese Data Despite today’s disappointing economic reports, all three major U.S. equity indexes managed to close in positive territory today. The S&P 500 ETF rose 0.38%, as its underlying index rose to less than 1% away from its 2007 peak. The Dow Jones Industrial Average ETF rallied 0.42%, while the tech-heavy Nasdaq ETF gained 0.29%. In Europe, equities were broadly lower, with [...]
Click here to read the original article on ETFdb.com.
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