Earnings season is officially underway and U.S. stocks have started off the ceremonies on a fairly strong note. Equity indexes broadly climbed higher as investors rejoiced over better-than-expected earnings results from Alcoa; the Nasdaq led the way higher on the home front, clinching gains of 0.97%, while the Dow Jones Industrial Average lagged behind, gaining 0.56% on the day. Investors’ appetite for risk grew stronger on Tuesday in anticipation of more positive economic developments and solid earnings results at home; the financials sector lead the pack higher, while the “risk on” trade put utilities at the bottom of the barrel in terms of performance [see ETF Insider: Beware Of Lingering Euro Fears]. Euphoria on Wall Street was bolstered by expectations that China may engage in monetary stimulus in the foreseeable future. Chinese trade data showed a slightly worrisome slump in imports, which effectively raised expectations that the Asian giant would [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: DBB Gains On Metals, VXX Falls On Market Strength Daily ETF Roundup: VXX Surges On European Uncertainty, DBB Falls On Chinese Demand Concerns Daily ETF Roundup: VXX Jumps On More European Woes, DBB Sinks On Demand Fears Daily ETF Roundup: VXX Tumbles On Market Optimism, DBB Rises On Chinese Data Daily ETF Roundup: VXX Falls On Rising Market, DBB Jumps On Copper’s Advance
Earnings season is officially underway and U.S. stocks have started off the ceremonies on a fairly strong note. Equity indexes broadly climbed higher as investors rejoiced over better-than-expected earnings results from Alcoa; the Nasdaq led the way higher on the home front, clinching gains of 0.97%, while the Dow Jones Industrial Average lagged behind, gaining 0.56% on the day. Investors’ appetite for risk grew stronger on Tuesday in anticipation of more positive economic developments and solid earnings results at home; the financials sector lead the pack higher, while the “risk on” trade put utilities at the bottom of the barrel in terms of performance [see ETF Insider: Beware Of Lingering Euro Fears]. Euphoria on Wall Street was bolstered by expectations that China may engage in monetary stimulus in the foreseeable future. Chinese trade data showed a slightly worrisome slump in imports, which effectively raised expectations that the Asian giant would [...]
Click here to read the original article on ETFdb.com.
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