Equity markets bounced back today, after yesterday’s sharp pull back had stocks posting their worst one-day performance of the year. Following relatively good earnings and economic reports, bullish momentum came back to the forefront, as has been the trend thus far in 2013. In corporate news, Computer Sciences (CSC) jumped after the company reported better-than-expected fourth quarter earnings. On the economic front, the Institute for Supply Management reported that the U.S. non-manufacturing sector expanded at a slower rate last month, though the reading was still better than economists’ expectations [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Bounce Back Wiping out most of the previous session’s losses, all three major U.S. equity indexes closed in positive territory. The Dow Jones Industrial Average ETF logged in a 0.59% gain, with its underlying index closing shy of the 14000 level. The S&P 500 ETF rose 1.01%, [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Post Worst One-Day Drop In 2013 Daily ETF Roundup: Bulls Return On Encouraging Labor Data Daily ETF Roundup: Stocks Finish Strong Month On Quiet Note Daily ETF Roundup: Stocks Pull Back On Fed And Lackluster GDP Daily ETF Roundup: S&P 500 Tops 1500
Equity markets bounced back today, after yesterday’s sharp pull back had stocks posting their worst one-day performance of the year. Following relatively good earnings and economic reports, bullish momentum came back to the forefront, as has been the trend thus far in 2013. In corporate news, Computer Sciences (CSC) jumped after the company reported better-than-expected fourth quarter earnings. On the economic front, the Institute for Supply Management reported that the U.S. non-manufacturing sector expanded at a slower rate last month, though the reading was still better than economists’ expectations [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Bounce Back Wiping out most of the previous session’s losses, all three major U.S. equity indexes closed in positive territory. The Dow Jones Industrial Average ETF logged in a 0.59% gain, with its underlying index closing shy of the 14000 level. The S&P 500 ETF rose 1.01%, [...]
Click here to read the original article on ETFdb.com.
Related Posts:
