Euphoria returned to the markets today as President Obama’s press conference restored some confidence in the domestic economic recovery; however, the President’s remark that the private sector “is doing fine” did draw a lot of criticism from his opposition. On the home front, major equity benchmarks finished off the week in green territory, regaining lots of lost ground from the most recent correction. The Nasdaq took the lead higher, setting up 0.97% on the day, the Dow Jones Industrial Average on the other hand barely lagged behind, inching higher by 0.75% as the closing bell rang [see also 101 ETF Lessons Every Financial Advisor Should Learn]. The latest U.S. trade deficit data came in better-than-expected; the figure came in at a negative $50.1 billion, which is a modest improvement from the previous reading of negative $52.6 billion. Wholesale inventories also improved on the home front, growing by 0.6% in April and trumping last month’s figure of 0.3%. [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Rises With ISM Data, VXX Sinks Lower ETF Insider: Gear Up For Turbulence Daily ETF Roundup: XHB Rebounds, VXX Inches Lower Daily ETF Roundup: VXX Jumps With Sell-Off, XHB Plunges Lower ETF Insider: Progress In Greece Will Tip Markets
Euphoria returned to the markets today as President Obama’s press conference restored some confidence in the domestic economic recovery; however, the President’s remark that the private sector “is doing fine” did draw a lot of criticism from his opposition. On the home front, major equity benchmarks finished off the week in green territory, regaining lots of lost ground from the most recent correction. The Nasdaq took the lead higher, setting up 0.97% on the day, the Dow Jones Industrial Average on the other hand barely lagged behind, inching higher by 0.75% as the closing bell rang [see also 101 ETF Lessons Every Financial Advisor Should Learn]. The latest U.S. trade deficit data came in better-than-expected; the figure came in at a negative $50.1 billion, which is a modest improvement from the previous reading of negative $52.6 billion. Wholesale inventories also improved on the home front, growing by 0.6% in April and trumping last month’s figure of 0.3%. [...]
Click here to read the original article on ETFdb.com.
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