Daily ETF Roundup: XHB Hits Multi-Year High, UNG Sinks Lower
Equity markets opened in red territory on Wednesday morning as investors expressed their concerns over the latest economic data releases, which included ADP employment and factory orders data. On the home front, the S&P 500 lagged behind, shedding 0.25% on the day, while the Nasdaq pulled ahead, managing to clinch a 0.31% gain during an otherwise sour trading session. Gold drifted sideways amidst the choppy trading on Wall Street; futures prices for the precious yellow metal settled near $1,655 an ounce [see also Free Report: How To Pick The Right ETF Every Time]. Worse-than-expected employment data created headwinds for stocks as investors scaled back on risk exposure. The ADP Employment report for April came in at 119,000 new jobs, a noticeable decline from the previous reading of 201,000. Concerns over the health of the manufacturing sector also paved the way for profit taking across the board; the latest factory orders data [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Jumps On Data, UNG Turns Sour Daily ETF Roundup: UNG Jumps On Cold Weather, XHB Falls Despite Upbeat Housing Data Daily ETF Roundup: XHB Pops On Upbeat Fed, UNG Drops On Warm Weather Three ETFs To Watch During Hurricane Season Daily ETF Roundup: UNG Slides On Mild Weather, XHB Rises On Construction Report
Equity markets opened in red territory on Wednesday morning as investors expressed their concerns over the latest economic data releases, which included ADP employment and factory orders data. On the home front, the S&P 500 lagged behind, shedding 0.25% on the day, while the Nasdaq pulled ahead, managing to clinch a 0.31% gain during an otherwise sour trading session. Gold drifted sideways amidst the choppy trading on Wall Street; futures prices for the precious yellow metal settled near $1,655 an ounceĀ [see also Free Report: How To Pick The Right ETF Every Time]. Worse-than-expected employment data created headwinds for stocks as investors scaled back on risk exposure. The ADP Employment report for April came in at 119,000 new jobs, a noticeable decline from the previous reading of 201,000. Concerns over the health of the manufacturing sector also paved the way for profit taking across the board; the latest factory orders data [...]

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

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