April 29, 2013 at 18:00 PM EDT
Daily ETF Roundup: XLK Rallies, REZ Pops On Housing Data
U.S. equities kicked off the week with a bang, with the S&P 500 closing at an all-time high and the Nasdaq ending at its best level since November of 2000. Bolstering today’s rally was a better-than-expected home sales report, which came in at the highest level in three years. The Commerce Department also reported that consumer spending increased in March, though personal income rose by less than expected. Meanwhile, Italy’s prime minister announced his cabinet over the weekend, ending over two months of political deadlock [see What Can You Buy With Apple's Cash?]. Global Market Overview: XLK Rallies, REZ Pops On Housing Data Following today’s better-than-expected economic reports, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF rose 0.67% and the tech-heavy Nasdaq ETF gained 0.92%, as both underlying indexes logged in record closes. The Dow Jones Industrial Average ETF ended 0.67% higher. In Europe, markets were higher after Italian Prime Minister Enrico [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: IHF And XLK Slump On Lackluster Earnings Daily ETF Roundup: Stocks Close Near Session Highs Daily ETF Roundup: Housing Soars, Earnings Miss Daily ETF Roundup: GLTR Jumps On Gold Demand, IYZ Soars After CCI Earnings Daily ETF Roundup: PPA Pops On Boeing Earnings, IBB Slumps On Declining Amgen Sales
U.S. equities kicked off the week with a bang, with the S&P 500 closing at an all-time high and the Nasdaq ending at its best level since November of 2000. Bolstering today’s rally was a better-than-expected home sales report, which came in at the highest level in three years. The Commerce Department also reported that consumer spending increased in March, though personal income rose by less than expected. Meanwhile, Italy’s prime minister announced his cabinet over the weekend, ending over two months of political deadlock [see What Can You Buy With Apple's Cash?]. Global Market Overview: XLK Rallies, REZ Pops On Housing Data Following today’s better-than-expected economic reports, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF rose 0.67% and the tech-heavy Nasdaq ETF gained 0.92%, as both underlying indexes logged in record closes. The Dow Jones Industrial Average ETF ended 0.67% higher. In Europe, markets were higher after Italian Prime Minister Enrico [...]

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

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