Daily ETF Roundup: CMF Creeps Higher, EWZ Drops After Durable Goods Data

Bearish pressures prevailed on Wednesday as major equity indexes on Wall Street fell victim to profit taking after a less-than-stellar durable goods data release. The Dow Jones Industrial Average led the way lower for a second trading session in a row, shedding 0.54% on the day, while Nasdaq and S&P 500 tied, each losing 0.49% on the day. Surprisingly, gold headed south alongside equity markets; futures prices for the precious metal lost upwards of 1% on the day, settling near $1,660 an ounce [see Gold Hits Resistance, Time To Worry?]. On the home front, selling pressures built up after durable goods data missed the mark. Durable goods orders grew by 2.2% last month, which missed analysts estimates of 2.9%, although it was still an improvement from the previous reading of negative 3.6%. News from overseas were also less than encouraging; United Kingdom GDP came in at 0.5% versus the expected [...] Click here to read the original article on ETFdb.com. Related Posts: Brazil ETF Investing: Five Critical Factors To Consider Seven Surprisingly Large ETFs Daily ETF Roundup: EWZ Rises With Risk Appetite, VXX Drops On Greek Deal AdvisorShares Rolls Out Global Opportunities ETF (ACCU) 5 Things To Watch Out For In International Equity ETFs