Daily ETF Roundup: Stocks Pop On Earnings Euphoria
Lifted once again by another batch of strong earnings, stocks rallied as bullish momentum dominated Wall Street. Blue-chip giant IBM (IBM) reported fourth quarter earnings and revenues that topped analysts expectations and provided a 2013 earnings outlook that exceeded current projections. Google (GOOG) also beat analyst estimates, though revenues came in lower than expected. Meanwhile, McDonald’s (MCD) and United Technologies (UTX) also posted better-than-expected earnings. In Washington, investors cheered as the House of Representatives voted to suspend the U.S. debt ceiling through May 19 [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks Pop On Earnings Euphoria After several better-than-expected earnings reports, all three major U.S. equity index rallied to close in positive territory. Led by blue-chip giant IBM, the Dow Jones Industrial Average ETF logged in a 0.53% gain on the session. The S&P 500 ETF rose 0.16%, while the tech-heavy Nasdaq ETF gained 0.61%. In Europe, [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Hits Multi-year High Daily ETF Roundup: Stocks Rally On Positive Economic Data Daily ETF Roundup: Stocks Slide Sideways Daily ETF Roundup: Jobs Report Boosts Markets Daily ETF Roundup: Fed Minutes Spook Stocks
Lifted once again by another batch of strong earnings, stocks rallied as bullish momentum dominated Wall Street. Blue-chip giant IBM (IBM) reported fourth quarter earnings and revenues that topped analysts expectations and provided a 2013 earnings outlook that exceeded current projections. Google (GOOG) also beat analyst estimates, though revenues came in lower than expected. Meanwhile, McDonald’s (MCD) and United Technologies (UTX) also posted better-than-expected earnings. In Washington, investors cheered as the House of Representatives voted to suspend the U.S. debt ceiling through May 19 [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks Pop On Earnings Euphoria After several better-than-expected earnings reports, all three major U.S. equity index rallied to close in positive territory. Led by blue-chip giant IBM, the Dow Jones Industrial Average ETF logged in a 0.53% gain on the session. The S&P 500 ETF rose 0.16%, while the tech-heavy Nasdaq ETF gained 0.61%. In Europe, [...]

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

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