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June 19, 2012 at 17:50 PM EDT
Daily ETF Roundup: EWZ Soars on Real, UNG Cools on Profit Taking
U.S. stocks were once again buoyed by the idealistic notion of hope today, as equities surged ahead in anticipation of tomorrow’s Federal Reserve announcement. Euro Zone fears subsided after Spanish yields finally eased off of all-time highs, allowing European markets to rally to their biggest single-session gain in weeks. As investors cling onto the possibility of QE3 coming sooner rather than later, U.S. equities took their cue: the Dow Jones Industrial average inched 0.8% higher, while the S&P rose 1.0% and Nasdaq come out on top with a 1.2% gain [see also Seven Simple & Cheap ETF Model Portfolio]. The housing market received some good and bad news today as the latest data showed home building slowed in the month of May, but new permits surged to their highest levels since 2008. The 7.9% increase in building permits, which was expected to come in at 1.0%, suggests that Americans demand for new [...] Click here to read the original article on ETFdb.com. Related Posts: 101 ETF Lessons Every Financial Advisor Should Learn Daily ETF Roundup: UNG Tumbles On Industrial Data, EWZ Rises On Inflation Expectations Daily ETF Roundup: UNG Tumbles On Storage Report, EWZ Rises On Commodity Strength Daily ETF Roundup: UNG Tumbles, EWZ Soars Daily ETF Roundup: UNG Continues Remarkable Slide, EWZ Surges On Petrobras Strength
U.S. stocks were once again buoyed by the idealistic notion of hope today, as equities surged ahead in anticipation of tomorrow’s Federal Reserve announcement. Euro Zone fears subsided after Spanish yields finally eased off of all-time highs, allowing European markets to rally to their biggest single-session gain in weeks. As investors cling onto the possibility of QE3 coming sooner rather than later, U.S. equities took their cue: the Dow Jones Industrial average inched 0.8% higher, while the S&P rose 1.0% and Nasdaq come out on top with a 1.2% gain [see also Seven Simple & Cheap ETF Model Portfolio]. The housing market received some good and bad news today as the latest data showed home building slowed in the month of May, but new permits surged to their highest levels since 2008. The 7.9% increase in building permits, which was expected to come in at 1.0%, suggests that Americans demand for new [...]

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

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