March 07, 2013 at 18:00 PM EST
Daily ETF Roundup: Dow Closes Above 14,300
Strong labor market data coupled with bullish momentum had the Dow Jones Industrial Average rallying once again to fresh highs; for the first time ever, the blue-chip index closed above 14,300. Bolstering today’s third-straight advance was a better-than-expected labor report, which showed that initial jobless claims came in at 340,00 last week, compared to the expected 350,000. In other economic news, the U.S. trade deficit was $44.45 billion, slightly higher than analyst projections. Fourth-quarter productivity fell 1.9%, while unit labor costs rose 4.6% [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Closes Above 14,300 Following today’s better-than-expected labor report, all three major U.S. equity indexes managed to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.21% gain, as its underlying index rallied to close at a record high of 14,329.49. The S&P 500 ETF rose 0.18%, while the tech-heavy Nasdaq ETF gained 0.26%. In Europe, equities [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Bounce Back Daily ETF Roundup: Blue-chips Post Another Record Close Daily ETF Roundup: Dow Closes At All-time High Daily ETF Roundup: Stocks Shrugg Off Sequester Daily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red
Strong labor market data coupled with bullish momentum had the Dow Jones Industrial Average rallying once again to fresh highs; for the first time ever, the blue-chip index closed above 14,300. Bolstering today’s third-straight advance was a better-than-expected labor report, which showed that initial jobless claims came in at 340,00 last week, compared to the expected 350,000. In other economic news, the U.S. trade deficit was $44.45 billion, slightly higher than analyst projections. Fourth-quarter productivity fell 1.9%, while unit labor costs rose 4.6% [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Closes Above 14,300 Following today’s better-than-expected labor report, all three major U.S. equity indexes managed to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.21% gain, as its underlying index rallied to close at a record high of 14,329.49. The S&P 500 ETF rose 0.18%, while the tech-heavy Nasdaq ETF gained 0.26%. In Europe, equities [...]

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