Daily ETF Roundup: XLV Slips On Pfizer Earnings, VGT Jumps On Apple Bond Deal

U.S. equities rallied once again today after a brief morning slide; the S&P 500 and Nasdaq logged in their sixth-straight month of gains, while the Dow ended higher for the fifth-straight month. Earlier losses came after Pfizer (PFE) posted a disappointing earnings report and the Chicago-area purchasing managers’ index came in lower than expected for April. Pulling stocks back up was a report that showed the employment-cost index fising for the first quarter less than expected, and the S&P Case-Shiller 20-City home-price index coming in higher than expected for February [see What Can You Buy With Apple's Cash?]. Global Market Overview: XLV Slips On Pfizer Earnings, VGT Jumps On Apple Bond Deal To close out the month, all three major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF rose 0.24% and the tech-heavy Nasdaq ETF gained 0.73%, as both underlying indexes logged in record closes. The Dow Jones Industrial Average ETF ended 0.11% higher. In Europe, markets [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013 Daily ETF Roundup: Stocks Close Near Session Highs Daily ETF Roundup: S&P Closes Near All-Time High ETF Insider: Markets At Fed’s Mercy Daily ETF Roundup: XLK Rallies, REZ Pops On Housing Data