U.S. equities traded higher today, with the Dow Jones Industrial Average and S&P 500 logging in fresh highs, following a batch of better-than-expected economic reports and Bernanke’s second day of testimony. According to the Labor Department, initial claims for jobless benefits fell by 24,000 to a seasonally adjusted 334,000, the lowest level in four months. Business activity in the mid-Atlantic region rose to its highest level since March of 2011. In a separate report, leading indicators came in flat at 95.3 in June, hovering near a five-year high. On the earnings front, Morgan Stanley (MS) exceeded earnings and revenue forecasts, pushing the stock 4.37% higher during the session [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: KBE Pops On Morgan Stanley, XLE Jumps As Oil Tops $108 Following today’s upbeat economic reports, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF traded 0.55% higher, [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Spikes On BOJ Worries, KBE Slumps Daily ETF Roundup: GDXJ Pops Alongside Gold, XLE Rallies Daily ETF Roundup: KBE Pops As Banks Charge Ahead, UST Slumps Daily ETF Roundup: DBP Pops On Fed Speculations, XLE Rallies Daily ETF Roundup: YCS Pops On Strong Dollar, XLE Rallies
U.S. equities traded higher today, with the Dow Jones Industrial Average and S&P 500 logging in fresh highs, following a batch of better-than-expected economic reports and Bernanke’s second day of testimony. According to the Labor Department, initial claims for jobless benefits fell by 24,000 to a seasonally adjusted 334,000, the lowest level in four months. Business activity in the mid-Atlantic region rose to its highest level since March of 2011. In a separate report, leading indicators came in flat at 95.3 in June, hovering near a five-year high. On the earnings front, Morgan Stanley (MS) exceeded earnings and revenue forecasts, pushing the stock 4.37% higher during the session [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: KBE Pops On Morgan Stanley, XLE Jumps As Oil Tops $108 Following today’s upbeat economic reports, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF traded 0.55% higher, [...]
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