The bulls took charge right from the opening bell today as solid economic data gave investors plenty to cheer about. Major equity indexes kicked off the week on a positive note following the latest ISM Manufacturing results; this month’s figure came in at 51.5 versus the previous reading of 49.6, marking a modest increase in manufacturing activity at home in the face of a global slowdown. Overseas, markets went on to extend gains following last week’s confidence boost after Spain’s stress-test results [see ETF Insider: Technicals Favor Stocks]. Global Market Overview: U.S. Manufacturing Data Welcomes Bulls Shares of Apple shed upwards of 1% on the day, dragging down the tech-heavy Nasdaq; QQQ lost 0.15% and was the only major benchmark in red territory for the day. The Dow Jones Industrial Average (DIA) and S&P 500 (SPY) closed higher on the day amid optimism surrounding the latest ISM figures; these funds gained 0.54% and 0.26% [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG In Freefall, VNQ Soars Higher Daily ETF Roundup: UNG Surges, VNQ Plummets Daily ETF Roundup: UNG Slides, VNQ Rises Daily ETF Roundup: VNQ Jumps, UNG Slips ETF Insider: Uptrend Holds, Correction Pressures Build
The bulls took charge right from the opening bell today as solid economic data gave investors plenty to cheer about. Major equity indexes kicked off the week on a positive note following the latest ISM Manufacturing results; this month’s figure came in at 51.5 versus the previous reading of 49.6, marking a modest increase in manufacturing activity at home in the face of a global slowdown. Overseas, markets went on to extend gains following last week’s confidence boost after Spain’s stress-test results [see ETF Insider: Technicals Favor Stocks]. Global Market Overview: U.S. Manufacturing Data Welcomes Bulls Shares of Apple shed upwards of 1% on the day, dragging down the tech-heavy Nasdaq; QQQ lost 0.15% and was the only major benchmark in red territory for the day. The Dow Jones Industrial Average (DIA) and S&P 500 (SPY) closed higher on the day amid optimism surrounding the latest ISM figures; these funds gained 0.54% and 0.26% [...]
Click here to read the original article on ETFdb.com.
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