U.S. equities strike back. Strong corporate earnings coupled with continued hopes of a central bank safety net swooping in pushed stocks skyward, erasing all of this month’s losses. Today’s rally was a breath of fresh air on Wall Street, as global economic concerns and looming uncertainty over the U.S.’s growth seemed to have overshadowed the majority of the headlines over the past few weeks. Fueled by a slew of strong earnings reports, including those from bellwether stocks, all three major U.S. stock indexes pushed into positive territory for July: the Dow Jones Industrial Average rose 0.81%, while the S&P 500 gained 0.67% and Nasdaq came out on top with its 1.12% gain [see also Seven Simple & Cheap ETF Model Portfolio]. In corporate news, the world’s largest internet marketplace EBay reported better than expected earnings growth, posting a 23% increase in revenues. Computer giant IBM also surpassed expectations, raising its earnings [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Marches Higher, GDX Sinks After FOMC Minutes 101 ETF Lessons Every Financial Advisor Should Learn Daily ETF Roundup: UNG Spikes Higher, GDX Sinks With Gold Daily ETF Roundup: GDX Jumps With Gold, UNG Sinks With Oil Seven Surprising ETF Performance Comparisons
U.S. equities strike back. Strong corporate earnings coupled with continued hopes of a central bank safety net swooping in pushed stocks skyward, erasing all of this month’s losses. Today’s rally was a breath of fresh air on Wall Street, as global economic concerns and looming uncertainty over the U.S.’s growth seemed to have overshadowed the majority of the headlines over the past few weeks. Fueled by a slew of strong earnings reports, including those from bellwether stocks, all three major U.S. stock indexes pushed into positive territory for July: the Dow Jones Industrial Average rose 0.81%, while the S&P 500 gained 0.67% and Nasdaq came out on top with its 1.12% gain [see also Seven Simple & Cheap ETF Model Portfolio]. In corporate news, the world’s largest internet marketplace EBay reported better than expected earnings growth, posting a 23% increase in revenues. Computer giant IBM also surpassed expectations, raising its earnings [...]
Click here to read the original article on ETFdb.com.
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