April 27, 2012 at 18:00 PM EDT
Daily ETF Roundup: XLY Jumps On Amazon Earnings, UNG Soars On Weather
Friday’s trading session saw stock uphold their bullish momentum despite a rather substantial miss in GDP. U.S. GDP for the first quarter of the year came in at 2.2, down from the anticipated 2.5. While this news would typically hammer markets, positive earnings kept the bull run alive and overshadowed this miss. The Dow closed the day with a 23 point gain while the S&P 500 jumped by a meager 0.2%; still a strong day with all things considered. Despite some volatility early in the week, stocks were finally able to post a winning week, but with earnings winding down, the next few weeks will be especially crucial [see also ETF Filings Frenzy Roundup]. Major commodities were relatively quiet on the day, as gold gained 3 points and crude tacked on about 0.3 points. For those who monitor Ag futures, corn had a very strong day, as its prices jumped by [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Sinks, XLY Rises Daily ETF Roundup: MDY Thrives On Buying Trend, UNG Turns Sour Late Daily ETF Roundup: UNG Bounces Back, VXX Tumbles Daily ETF Roundup: GLD Gains On Market Fears, UNG Slips On High Supplies ETFs For Your Inner Bear
Friday’s trading session saw stock uphold their bullish momentum despite a rather substantial miss in GDP. U.S. GDP for the first quarter of the year came in at 2.2, down from the anticipated 2.5. While this news would typically hammer markets, positive earnings kept the bull run alive and overshadowed this miss. The Dow closed the day with a 23 point gain while the S&P 500 jumped by a meager 0.2%; still a strong day with all things considered. Despite some volatility early in the week, stocks were finally able to post a winning week, but with earnings winding down, the next few weeks will be especially crucial [see also ETF Filings Frenzy Roundup]. Major commodities were relatively quiet on the day, as gold gained 3 points and crude tacked on about 0.3 points. For those who monitor Ag futures, corn had a very strong day, as its prices jumped by [...]

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

Related Posts:

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here