March 12, 2013 at 18:00 PM EDT
Daily ETF Roundup: S&P Snaps 7-Day Win Streak
Wall Street finally took a breather today, as mixed economic reports had investors curbing recent bullish momentum. The National Federation of Independent Business reported that its small-business optimism index topped analysts expectations for the month of February; however, the reading also showed that more business owners were reporting declining sales. In the U.K., manufacturing output fell 1.5%, while Germany’s Economy Ministry said the economy was closer to recovery. China’s central bank also made headlines today, after it signaled that it would implement more monetary tightening [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: S&P Snaps 7-Day Win Streak Following a batch of mixed economic reports, major U.S. equity indexes ended narrowly mixed on the day, with only the Dow managing to eke out a small gain. The S&P 500 ETF fell 0.22%, as its underlying index snapped its 7-day winning streak. The Dow Jones Industrial Average ETF inched 0.03% higher, while the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Higher Despite Disappointing Chinese Data Daily ETF Roundup: Historic Week Finishes On Upbeat Labor Data Daily ETF Roundup: Dow Closes Above 14,300 Daily ETF Roundup: Blue-chips Post Another Record Close Daily ETF Roundup: Dow Closes At All-time High
Wall Street finally took a breather today, as mixed economic reports had investors curbing recent bullish momentum. The National Federation of Independent Business reported that its small-business optimism index topped analysts expectations for the month of February; however, the reading also showed that more business owners were reporting declining sales. In the U.K., manufacturing output fell 1.5%, while Germany’s Economy Ministry said the economy was closer to recovery. China’s central bank also made headlines today, after it signaled that it would implement more monetary tightening [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: S&P Snaps 7-Day Win Streak  Following a batch of mixed economic reports, major U.S. equity indexes ended narrowly mixed on the day, with only the Dow managing to eke out a small gain. The S&P 500 ETF fell 0.22%, as its underlying index snapped its 7-day winning streak. The Dow Jones Industrial Average ETF inched 0.03% higher, while the [...]

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

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