After a choppy trading week, U.S. equities managed to close out the week marginally higher, with the Dow Jones Industrial Average and S&P 500 posting new record high closes. Investors kept a close eye on Fed Chariman Ben Bernanke’s speech at the Chicago Fed Conference, though his commentary had little effect on trading. In economic news, the U.S. federal budget was reported, showing a year-over-year increase of $112.89 billion, slightly above expectations [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks Post Third Week Of Gains, XRT Jumps Alongside Consumer Shares To close out the week, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF gained 0.32% and the Dow Jones Industrial Average ETF rose 0.13%, as both underlying index closed at new record highs. The tech-heavy Nasdaq ETF logged in a 0.61% gain. In Europe, markets were mostly higher, benefiting from Japan’s strength. Meanwhile, Asian markets rallied as [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Posts First 9-Day Win Streak Since 1996 Daily ETF Roundup: YCS Pops On Weaker Yen, XLU Slides Alongside Utilities Daily ETF Roundup: Dow Closes Above 15,000, VOX Rallies Alongside Telecom Stocks Daily ETF Roundup: XLF Rises After Berkshire Earnings, EWM Soars On Malaysian Elections Daily ETF Roundup: IAK Jumps On AIG Earnings, DBB Pops On Copper Rally
After a choppy trading week, U.S. equities managed to close out the week marginally higher, with the Dow Jones Industrial Average and S&P 500 posting new record high closes. Investors kept a close eye on Fed Chariman Ben Bernanke’s speech at the Chicago Fed Conference, though his commentary had little effect on trading. In economic news, the U.S. federal budget was reported, showing a year-over-year increase of $112.89 billion, slightly above expectations [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks Post Third Week Of Gains, XRT Jumps Alongside Consumer Shares To close out the week, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF gained 0.32% and the Dow Jones Industrial Average ETF rose 0.13%, as both underlying index closed at new record highs. The tech-heavy Nasdaq ETF logged in a 0.61% gain. In Europe, markets were mostly higher, benefiting from Japan’s strength. Meanwhile, Asian markets rallied as [...]
Click here to read the original article on ETFdb.com.
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