Equity markets rallied on Tuesday as investors rejoiced over encouraging manufacturing data on the home front. Major indexes started off the day with a bang and climbed higher throughout the session, only to give into a wave of profit-taking in the final hour of trading before the closing bell. On Wall Street, the S&P 500 Index took the lead, gaining 0.57% on the day, while the Nasdaq lagged behind, inching higher by just 0.13% as the day drew to a close [see also Five ETF Lessons In Pictures]. Better-than-expected manufacturing data bolstered confidence in the domestic recovery; the ISM figure for April came in at 54.8%, sailing past estimates of 53.3% as well as last month’s reading of 53.4%. Construction spending on the other hand was mixed; this figure grew by 0.1%, falling short of the 0.5% estimate, but ultimately improving quite considerably from the previous reading of negative 1.4%. In [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Bounces Back, VXX Tumbles Daily ETF Roundup: UNG Rises Ahead Of Storage Data, VXX Loses 50% For The Year Seven Surprising ETF Performance Comparisons Daily ETF Roundup: VXX Spikes After Fed Minutes, UNG Down On Strong Dollar Daily ETF Roundup: VXX Surges On French Downgrade, UNG Stumbles On Natural Gas Outlook