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Daily ETF Roundup: TAN Shines, XHB Sinks

By: ETFdb
Equities started the day in green territory and gave into selling pressures throughout the day as investors digested less-than-stellar economic and earnings reports. The S&P 500 sat at the bottom of the barrel, clinching a 0.58% loss on the day, while the Dow Jones Industrial Average proved to be most resilient, finishing with a minor 0.18% loss. Gold extended its rally from yesterday as investors were prompted to reallocate assets to safer corners of the market amidst the disappointing data releases. Futures prices for the precious yellow metal settled near $1,720 an ounce as the trading session drew to a close. Stocks gave into profit taking pressures as investors digested mixed reports; AT&T and SanDisk missed analyst earnings expectations while new home sales also came in worse-than-expected [see also Early ETF Stars Of 2012]. On the other hand, U.S. durable goods orders came in at 3% for the month of [...] Click here to read the original article on ETFdb.com. Related Posts: Early ETF Stars Of 2012 ETF Insider: Beware Of Earnings Volatility Daily ETF Roundup: UNG Jumps On Cold Weather, XHB Falls Despite Upbeat Housing Data Friday’s ETF Chart To Watch: SPDR Homebuilders ETF (XHB) Daily ETF Roundup: XHB Pops On Data, VXX Drops As Stocks Rally
Equities started the day in green territory and gave into selling pressures throughout the day as investors digested less-than-stellar economic and earnings reports. The S&P 500 sat at the bottom of the barrel, clinching a 0.58% loss on the day, while the Dow Jones Industrial Average proved to be most resilient, finishing with a minor 0.18% loss. Gold extended its rally from yesterday as investors were prompted to reallocate assets to safer corners of the market amidst the disappointing data releases. Futures prices for the precious yellow metal settled near $1,720 an ounce as the trading session drew to a close. Stocks gave into profit taking pressures as investors digested mixed reports; AT&T and SanDisk missed analyst earnings expectations while new home sales also came in worse-than-expected [see also Early ETF Stars Of 2012]. On the other hand, U.S. durable goods orders came in at 3% for the month of [...]

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

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