It was a quiet day on Wall Street today with no major economic or earnings news reported. Stocks traded in a tight range during the session, as investors seemingly took a breather from Friday’s rally that had the Dow Jones Industrial Average rising above 15,000 and the S&P 500 topping the 1,600. Investors did however, turn their attention to financial shares after Class B shares of Warren Buffett’s Berkshire Hathaway (BRKB) rose following the company’s better-than-expected earnings report. Bank of America (BAC) and J.P. Morgan Chase (JPM) also pushed higher after a survey on lending from the Fed showed that banks saw stronger demand for loans over the past three months [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLF Rises After Berkshire Earnings, EWM Soars On Malaysian Elections With no major economic news being reported, only two major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF rose [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Close Sharply Lower How To Use A Pairs Trading Strategy With ETFs Daily ETF Roundup: IAK Jumps On AIG Earnings, DBB Pops On Copper Rally Daily ETF Roundup: IEO Jumps After Pioneer Natural Resources Earnings, IYW Pops Daily ETF Roundup: XLV Slips On Pfizer Earnings, VGT Jumps On Apple Bond Deal
It was a quiet day on Wall Street today with no major economic or earnings news reported. Stocks traded in a tight range during the session, as investors seemingly took a breather from Friday’s rally that had the Dow Jones Industrial Average rising above 15,000 and the S&P 500 topping the 1,600. Investors did however, turn their attention to financial shares after Class B shares of Warren Buffett’s Berkshire Hathaway (BRKB) rose following the company’s better-than-expected earnings report. Bank of America (BAC) and J.P. Morgan Chase (JPM) also pushed higher after a survey on lending from the Fed showed that banks saw stronger demand for loans over the past three months [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLF Rises After Berkshire Earnings, EWM Soars On Malaysian Elections With no major economic news being reported, only two major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF rose [...]
Click here to read the original article on ETFdb.com.
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