Bullish momentum made an appearance on Wall Street today, as encouraging economic data and potential progress over the debt ceiling brought back some investor confidence. U.S. housing starts popped in December, bucking economists’ expectations. Jobless claims also came in better than expected in the latest week, while the Federal Reserve Bank of Philadelphia’s regional manufacturing gauge fell for January. The Bank of Japan once again made headlines today, stating that they are planning further stimulus action. In corporate news, financial giants Bank of America (BAC) and Citigroup (C) both missed expectations, while BlackRock (BLK) and Fifth Third Bancorp (FITB) beat analysts’ forecasts [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks Rally On Positive Economic Data As investors digested a slew of economic reports, all three major U.S. equity index rallied to close in positive territory. The Dow Jones Industrial Average ETF logged in a 0.70% gain on [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Slide Sideways Daily ETF Roundup: Jobs Report Boosts Markets Daily ETF Roundup: Fed Minutes Spook Stocks ETF Insider: Optimism Bolsters Indexes Above Key Support Daily ETF Roundup: Excitement Simmers On Mixed News
Bullish momentum made an appearance on Wall Street today, as encouraging economic data and potential progress over the debt ceiling brought back some investor confidence. U.S. housing starts popped in December, bucking economists’ expectations. Jobless claims also came in better than expected in the latest week, while the Federal Reserve Bank of Philadelphia’s regional manufacturing gauge fell for January. The Bank of Japan once again made headlines today, stating that they are planning further stimulus action. In corporate news, financial giants Bank of America (BAC) and Citigroup (C) both missed expectations, while BlackRock (BLK) and Fifth Third Bancorp (FITB) beat analysts’ forecasts [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks Rally On Positive Economic Data As investors digested a slew of economic reports, all three major U.S. equity index rallied to close in positive territory. The Dow Jones Industrial Average ETF logged in a 0.70% gain on [...]
Click here to read the original article on ETFdb.com.
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