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Daily ETF Roundup: FXI Jumps On China Rally, VXX Turns Lower
U.S. equity markets continued their rally today, bolstered yet again by revived hopes for central bankers to take action in stabilizing the financial markets. Despite rising concerns over Spain’s and Italy’s debt crisis, stocks firmly held their ground amidst looming uncertainties; the Dow Jones Industrial Average gained 93 points or 0.7%, while the S&P 500 inched 0.9% higher and Nasdaq came out on top with a 1.1% increase. Although U.S. equities ended on a positive note this week, investors will be keeping a close eye on the elections in Greece this weekend as the outcome will likely have a major impact on the market [see also Seven Simple & Cheap ETF Model Portfolio]. And for the second day in a row, stocks seemingly dismissed poor U.S. economic data, rallying on the hopes of the Fed implementing the next round of stimulus packages. The University of Michigan Consumer Confidence Survey came in worse [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Climbs On Uncertainty, FXI Gaps Lower Daily ETF Roundup: FXI Soars On China Speculation, VXX Slips 8% Daily ETF Roundup: VXX Surges On Greek Woes, FXI Falls On Negative Chinese Outlook Daily ETF Roundup: FXI Jumps On China Hopes, VXX Sinks After Economic Data Daily ETF Roundup: VXX Tumbles On European Hopes, FXI Rises On Asset Purchase Plan
U.S. equity markets continued their rally today, bolstered yet again by revived hopes for central bankers to take action in stabilizing the financial markets. Despite rising concerns over Spain’s and Italy’s debt crisis, stocks firmly held their ground amidst looming uncertainties; the Dow Jones Industrial Average gained 93 points or 0.7%, while the S&P 500 inched 0.9% higher and Nasdaq came out on top with a 1.1% increase. Although U.S. equities ended on a positive  note this week, investors will be keeping a close eye on the elections in Greece this weekend as the outcome will likely have a major impact on the market [see also Seven Simple & Cheap ETF Model Portfolio]. And for the second day in a row, stocks seemingly dismissed poor U.S. economic data, rallying on the hopes of the Fed implementing the next round of stimulus packages. The University of Michigan Consumer Confidence Survey came in worse [...]

Click here to read the original article on ETFdb.com.

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