Daily ETF Roundup: KBE Pops As Banks Charge Ahead, UST Slumps

Following a long holiday weekend, U.S. equities started off the week on a positive note, with the Dow Jones Industrial Average finishing higher for the 20th straight Tuesday and posting yet another record high. Boosting stocks was an encouraging housing report; the S&P Case-Shiller 20-City home-price index rose 10.39% for March, compared to the expected 10.3% rise. In other economic news, the Conference Board’s Consumer Confidence Index for May also topped analysts’ expectations, jumping to a five-year high of 76.2; the metric was expected to come in at 72 [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: KBE Pops As Banks Charge Ahead, UST Slumps Buoyed by two upbeat economic reports, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.70%, after its underlying index was up 218 points at session high. The S&P 500 ETF gained 0.60%, while the tech-heavy Nasdaq ETF rose 0.68%. [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Closes Above 14,300 Daily ETF Roundup: DXJ Tumbles After Nikkei Freefall, XLU Slumps Daily ETF Roundup: TLT Tumbles On Fed Tapering Fears, XLB Slumps Daily ETF Roundup: Healthcare Shares Boost IHI And XLV Daily ETF Roundup: DBP Pops On Fed Speculations, XLE Rallies