March 26, 2013 at 18:00 PM EDT
Daily ETF Roundup: S&P Closes Near All-Time High
Wall Street seemingly shrugged off the latest euro zone developments today, pushing equity indexes towards record levels despite a number of mixed economic reports. U.S. durable goods spending came in better-than-expected, though civilian aircraft and parts purchases, which vary from month to month, accounted for the majority of the increase. The Standard & Poor’s and Case-Shiller home-price index also topped analysts’ expectations, while the number of new home sales fell more than expected in February. In a separate report, the Conference Board’s U.S. consumer confidence metric took a significant tumble; concerns over federal government spending and tax rates were cited as the main reasons for the decline in confidence [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: S&P Closes Near All-Time High Despite a mixed bag of domestic economic reports, all three major U.S. equity indexes rallied to close in positive territory. The S&P 500 ETF rallied 0.80%, as its [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Markets At Fed’s Mercy Daily ETF Roundup: Stocks Slip On Cyprus Worries Daily ETF Roundup: Stocks End Week On High Note Daily ETF Roundup: Stocks Higher After Fed Decision Daily ETF Roundup: Stocks Close Lower on Cyprus Fears
Wall Street seemingly shrugged off the latest euro zone developments today, pushing equity indexes towards record levels despite a number of mixed economic reports. U.S. durable goods spending came in better-than-expected, though civilian aircraft and parts purchases, which vary from month to month, accounted for the majority of the increase. The Standard & Poor’s and Case-Shiller home-price index also topped analysts’ expectations, while the number of new home sales fell more than expected in February. In a separate report, the Conference Board’s U.S. consumer confidence metric took a significant tumble; concerns over federal government spending and tax rates were cited as the main reasons for the decline in confidence [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: S&P Closes Near All-Time High Despite a mixed bag of domestic economic reports, all three major U.S. equity indexes rallied to close in positive territory. The S&P 500 ETF rallied 0.80%, as its [...]

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