Despite a relatively good start to the month, U.S. equities slid into red territory during today’s volatile and thin trading session. Though jitters over Friday’s key labor report and a spike in crude prices pushed stocks lower, investors did welcome a pair of upbeat economic reports. According to the Commerce Department, factory orders increased 2.1% in May, rising for the second consecutive month. U.S. auto sales also beat analysts’ expectations, coming in at highest June level in more than five years. Continuing turmoil in Egypt, however, trumped the better-than-expected reports [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: EPGT Rallies On Turmoil In Egypt, XLI Slumps Despite today’s encouraging economic reprots, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF slipped 0.33% after its underlying index fell below the psychologically-important 15,000 level. The S&P 500 ETF shed 0.09%, while the tech-heavy Nasdaq ETF rose 0.07% (though [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLI Rallies Alongside Industrials, VOX Pops Daily ETF Roundup: Stocks End Week On A Strong Note, XLI Rallies Daily ETF Roundup: Stocks Close Lower On First Day Of Q2 Daily ETF Roundup: Stocks End Lower After Fed Minutes Daily ETF Roundup: XHB Jumps On Construction Data, IBB Pops
Despite a relatively good start to the month, U.S. equities slid into red territory during today’s volatile and thin trading session. Though jitters over Friday’s key labor report and a spike in crude prices pushed stocks lower, investors did welcome a pair of upbeat economic reports. According to the Commerce Department, factory orders increased 2.1% in May, rising for the second consecutive month. U.S. auto sales also beat analysts’ expectations, coming in at highest June level in more than five years. Continuing turmoil in Egypt, however, trumped the better-than-expected reports [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: EPGT Rallies On Turmoil In Egypt, XLI Slumps Despite today’s encouraging economic reprots, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF slipped 0.33% after its underlying index fell below the psychologically-important 15,000 level. The S&P 500 ETF shed 0.09%, while the tech-heavy Nasdaq ETF rose 0.07% (though [...]
Click here to read the original article on ETFdb.com.
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