A week of mixed earnings and economic reports had U.S. equities ending flat for the week, though stocks managed to eke out small gains during today's session. In corporate news, Expedia (EXPE) missed earnings and revenue forecasts, while Zynga (ZNGA) posted a bigger-than-expected third quarter loss. Online retail giant Amazon (AMZN) missed the mark, while Starbucks (SBUX) beat analyst forecasts. Meanwhile in economic news, Thomson-Reuters and University of Michigan's consumer-sentiment index unexpectedly rose .
Global Market Overview: Stocks End Flat, PEJ Rallies After Starbucks' EarningsAfter a week of mixed earnings and economic reports, all three major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF closed 0.03% higher, after its underlying index plunged nearly 150 points at its session low. The tech-heavy Nasdaq ETF rose 0.52%, while the S&P 500 ETF gained 0.11%.
In Europe, markets were broadly lower; the Stoxx Europe 600 slipped 0.2%. Meanwhile, Japan's Nikkei Stock Average fell 3.0% on a stronger yen, and China's Shanghai Composite closed 0.5% lower.
Bond ETF Roundup
U.S. Treasuries rose once again today following a better-than-expected consumer sentiment report. Yields on 10-year notes fell 1.5 basis points, while 30-year bonds and 5-year note yields fell 3.5 and 1 basis points, respectively .
Commodity Roundup
Crude oil futures traded lower today, settling just above $103 a barrel to mark a two-week low on concerns of a slowdown in Chinese economic growth. In other energy trading, natural gas futures fell while gasoline rose 3 cents. Meanwhile, gold futures shed 0.5% to settle at $1,321.70 a troy ounce.
ETF Chart Of The Day #1: The Dynamic Leisure & Entertainment Portfolio was one of the best performers today, gaining 0.88% during the session. As Starbucks (SBUX) rallied following its stellar earnings results, this surged higher throughout the trading session! . PEJ eventually settled at $29.77 a share .
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ETF Fun Fact Of The DayThe best-performing retirement strategy over the trailing 4-week period has been the 30 Years Til Retirement Portfolio, which has gained 4.43%.
Disclosure: No positions at time of writing.
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