Daily ETF Roundup: XLF Rallies, VNQ Sinks Alongside REITs

It was a choppy trading session on Wall Street today as markets took a nose dive right before closing, with the Dow Jones shedding 208.96 points, though major indexes still managed to log in monthly gains. In economic news, the Commerce Department reported that consumer spending was down 0.2% in April while analysts expected a rise of 0.1%. A separate report released today showed consumer sentiment reaching its highest point in almost six years after rising from 76.4 in April to 84.5 this May [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLF Rallies, VNQ Sinks Alongside REITs After a choppy trading session, all three major U.S. indexes fell to close in negative territory. The S&P 500 ETF tumbled 1.44%, losing the most ground in the last hour of trading. The Dow Jones Industrial Average ETF fell 1.31%, while the tech-heavy Nasdaq ETF dropped 1.01%. In Europe, markets were broadly lower after reports came out showing [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts