October 16, 2012 at 17:45 PM EDT
Daily ETF Roundup: Industrial Production Data Inspires Rally
Equities made their biggest one-day gain today since the Fed announced QE3 last month. Fueling the rally was better-than-expected earnings reports from bellwethers Johnson & Johnson and Goldman Sachs. Helping drive markets higher was a rather cheery report from the housing and industrial sector; the National Association of Home Builders reported that confidence of home builders rose this month to the highest level since June of 2006, while another report showed that industrial output rose last month at a higher-than-expected pace. Overall, investors have been sighing in relief as this quarter’s earnings season has for the most part been better-than-expected [see also ETF Insider: Support Levels In Sight]. Global Market Overview: Cautious Fed Is Ready To Take Action U.S. equities finished near session highs today, with the Tech-heavy Nasdaq (QQQ) coming out on top with its 1.21% gain. The Dow Jones Industrial Average (DIA) and S&P 500 (SPY) also ended well into [...] Click here to read the original article on ETFdb.com. Related Posts: Citigroup Rally Lifts Financial ETFs 5 Worst ETF Strategies Of The Last 5 Years Three ETFs Crushed By BAC’s 2011 Freefall ETFs With Significant Goldman Sachs Exposure 3 (Unexpected) High-Yielding ETF Opportunities
Equities made their biggest one-day gain today since the Fed announced QE3 last month. Fueling the rally was better-than-expected earnings reports from bellwethers Johnson & Johnson and Goldman Sachs. Helping drive markets higher was a rather cheery report from the housing and industrial sector; the National Association of Home Builders reported that confidence of home builders rose this month to the highest level since June of 2006, while another report showed that industrial output rose last month at a higher-than-expected pace. Overall, investors have been sighing in relief as this quarter’s earnings season has for the most part been better-than-expected [see also ETF Insider: Support Levels In Sight]. Global Market Overview: Cautious Fed Is Ready To Take Action  U.S. equities finished near session highs today, with the Tech-heavy Nasdaq (QQQ) coming out on top with its 1.21% gain. The Dow Jones Industrial Average (DIA) and S&P 500 (SPY) also ended well into [...]

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

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