Daily ETF Roundup: GLTR Jumps On Gold Demand, IYZ Soars After CCI Earnings

A slew of upbeat earnings reports and encouraging labor data helped boost U.S. equity markets, with the S&P 500 logging in its fifth advance in a row. According to the Labor Department, jobless benefits applications fell below expectations to 339,000 last week, marking the second lowest level since January of 2008. In earnings news, oil giant ExxonMobil (XOM) reported earnings and revenue that topped analysts’ expectations, United Parcel Service (UPS) and Dow Chemical (DOW) also beat analyst estimates, while 3M (MMM) declined after the conglomerate reported profit and revenue that missed the mark and slashed its 2013 earnings forecast [see What Can You Buy With Apple's Cash?]. Global Market Overview: Daily ETF Roundup: GLTR Jumps On Gold Demand, IYZ Soars After CCI Earnings Following today’s better-than-expected earnings and labor reports, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF rose 0.41% and the tech-heavy Nasdaq ETF gained 0.53%, as both underlying indexes [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: PPA Pops On Boeing Earnings, IBB Slumps On Declining Amgen Sales Daily ETF Roundup: Buy The Rumor, Sell The Tweet Daily ETF Roundup: OIH Jumps On Strong Earnings, TAN Soars After Acquisition Deal Daily ETF Roundup: IHF And XLK Slump On Lackluster Earnings Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013