Daily ETF Roundup: EWY Surges, UUP Slides

U.S. equity markets stormed back in Wednesday trading, reclaiming much of the ground lost in a massive sell-off sparked by S&P’s negative outlook for the U.S. earlier in the week. All major indexes finished sharply higher, with the S&P 500 gaining 1.4% and the tech-heavy NASDAQ climbing by 2.1%. The NASDAQ should start Thursday trading on a high note, thanks to another strong earnings report from Apple. The tech giant posted profit growth of 95% in its quarterly earnings report after the bell, and shares were up close to 3% in after hours trading. Apple makes up about 20% of the NASDAQ-100 Index, though that weighting is scheduled to be slashed in coming months [see QQQ Preps For Major Shift]. The wave of optimism from investors sent oil prices higher; NYMEX contracts jumped nearly 3% on Wednesday thanks to government data showing a steep decline in inventories and weakness in [...] Click here to read the original article on ETFdb.com. Related Posts: March ETF Stats: Another Solid Quarter Daily ETF Roundup: EWY Soars, GLD Tumbles As Optimism Returns To Markets December ETF Roundup: $1 Trillion And Counting ETFs To Watch Ahead Of Fed Meeting Safe Haven ETFs: Five Funds For Riding Out The Storm