July 10, 2013 at 17:29 PM EDT
Daily ETF Roundup: UCO Pops As Crude Tops $106, IBB Rallies
U.S. equities ended the day barely changed as investors turned their focus to the the latest FOMC minutes and Ben Bernanke’s press conference. The minutes hinted that central bank officials are divided on when the Fed should begin scaling back its massive bond-buying program. The minutes stated that “Several members judged that a reduction in asset purchases would likely soon be warranted, but many members indicated that further improvement in the outlook for the labor market would be required before it would be appropriate to slow the pace of asset purchases.” [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: UCO Pops As Crude Tops $106, IBB Rallies Following a lackluster trading session, only two major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF slipped 0.05% after its underlying index snapped its four-day win streak. The S&P 500 ETF edged 0.04% higher, while the tech-heavy Nasdaq ETF gained 0.57%. [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Jumps On Construction Data, IBB Pops Daily ETF Roundup: Dow Snaps Tuesday Win Streak, IBB Sinks Daily ETF Roundup: Stocks Finish Flat, IBB And DXJ Pop Daily ETF Roundup: PPA Pops On Boeing Earnings, IBB Slumps On Declining Amgen Sales Daily ETF Roundup: Stocks Lower On European Concerns
U.S. equities ended the day barely changed as investors turned their focus to the the latest FOMC minutes and Ben Bernanke’s press conference. The minutes hinted that central bank officials are divided on when the Fed should begin scaling back its massive bond-buying program. The minutes stated that “Several members judged that a reduction in asset purchases would likely soon be warranted, but many members indicated that further improvement in the outlook for the labor market would be required before it would be appropriate to slow the pace of asset purchases.” [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: UCO Pops As Crude Tops $106, IBB Rallies Following a lackluster trading session, only two major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF slipped 0.05% after its underlying index snapped its four-day win streak. The S&P 500 ETF edged 0.04% higher, while the tech-heavy Nasdaq ETF gained 0.57%. [...]

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

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