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Daily ETF Roundup: MOO Tumbles After Russian Potash News, VOX Slumps

By: ETFdb
Most U.S. equities ended narrowly mixed today, though technology stocks charged higher, as investors digested a mixed bag of earnings and economic reports. The Conference Board reported its consumer-confidence index falling to 80.3 in July, slightly below analyst expectations of 81.5. Meanwhile, the S&P/Case-Shiller 20-City home-price index rose 12.2% in May on the year versus the 12.4% uptick analysts were expecting. In corporate news, pharma giant Pfizer (PFE) reported better than expected earnings, though revenues came in just below forecasts. And though Merck (MRK) beat earnings estimates, the company posted a significant decline in earnings and revenues from year-earlier levels [see also The Complete Visual History Of SPY]. Global Market Overview: MOO Tumbles After Russian Potash Producer Cuts Ties With Belarus, VOX Slumps Following today’s mixed earnings and economic reports, only two major U.S. equity indexes managed to close in positive territory. The tech-heavy Nasdaq ETF rose 0.48%, as its underlying index logged in its highest [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLI Rallies Alongside Industrials, VOX Pops Daily ETF Roundup: Dow Closes Above 15,000, VOX Rallies Alongside Telecom Stocks Daily ETF Roundup: BJK Slumps After Wynn Resorts Earnings, XLE Slips Daily ETF Roundup: Stocks End Flat, PEJ Rallies After Starbucks’ Earnings Daily ETF Roundup: PNQI Pops On Facebook Earnings, XLB Rises On Durable Goods
Most U.S. equities ended narrowly mixed today, though technology stocks charged higher, as investors digested a mixed bag of earnings and economic reports. The Conference Board reported its consumer-confidence index falling to 80.3 in July, slightly below analyst expectations of 81.5. Meanwhile, the S&P/Case-Shiller 20-City home-price index rose 12.2% in May on the year versus the 12.4% uptick analysts were expecting. In corporate news, pharma giant Pfizer (PFE) reported better than expected earnings, though revenues came in just below forecasts. And though Merck (MRK) beat earnings estimates, the company posted a significant decline in earnings and revenues from year-earlier levels [see also The Complete Visual History Of SPY]. Global Market Overview: MOO Tumbles After Russian Potash Producer Cuts Ties With Belarus, VOX Slumps Following today’s mixed earnings and economic reports, only two major U.S. equity indexes managed to close in positive territory. The tech-heavy Nasdaq ETF rose 0.48%, as its underlying index logged in its highest [...]

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

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