Daily ETF Roundup: Stocks Close Near Session Highs

by on April 10, 2013 | ETFs Mentioned:

U.S. equities were up across the board today, finishing near session highs with the Dow and S&P 500 clocking in new record levels. Meanwhile, investors digested the latest minutes from the Fed, which were “inadvertently” sent early to several individuals from Congress and various trading groups. According to reports, there were at least 12 banks, a Wall Street law firm, a hedge fund, and a private equity fund that were among the recipients of the “mistakenly” sent email. The minutes showed that committee members are still divided on the timeline for ending the central bank’s aggressive stimulus measures [see Free Member Report: How To Pick The Right ETF Every Time].

Global Market Overview: Stocks Close Near Session Highs4-10

As stocks soared broadly across the board, all three major U.S. equity indexes rallied to close in positive territory. The S&P 500 ETF (SPY, A) jumped 1.22%, as its underlying index broke its previous all-time high of 1,576.09 set back in October of 2007. The Dow Jones Industrial Average ETF (DIA, B) gained 0.87%, while the tech-heavy Nasdaq ETF (QQQ, B+) rallied 1.94%.

In Europe, markets were mostly higher after a report showed better-than-expected industrial production out of France; the Stoxx Europe 600 rose 1.8%. Meanwhile, Asian markets were slightly higher; Japan’s Nikkei Stock Average inched 0.7%, while China’s Shanghai Composite Index rose less than 0.1%.

Bond ETF Roundup

U.S. Treasury prices were slightly lower after a $21 billion auction of 10-year notes showed lackluster demand. Yields on 10-year notes rose 6 basis points, while yields on 30-year bonds and 5-year notes rose 7 and 4 basis points, respectively [see also Seven Simple & Cheap ETF Model Portfolios].

Commodity Roundup

Crude oil futures traded higher today, topping $94 a barrel. Gasoline futures, however, plummeted almost 3% after a report showed an unexpected increase in last week’s stockpiles. Meanwhile, gold futures slumped after Cyprus announced plans to sell 400 million euros’ worth of reserves.

ETF Chart Of The Day #1: (XLK)

The Technology Select Sector SPDR ETF (XLK, A) was one of the best performers today, gaining 1.76% during the session. Technology shares were among today’s top performers, forcing this ETF to jump higher at the open. XLK pushed higher throughout the day, eventually settling at $38.88 a share [see High Tech ETFdb Portfolio].

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Click To Enlarge


ETF Chart Of The Day #2: (XLV)

The Health Care Select Sector SPDR ETF (XLV, A) also posted a strong performance today, gaining 1.70% during the session. Health care stocks were also among today’s top performers, forcing this ETF to rally throughout the day. XLV settled at $47.39 a share [see Baby Boomers ETFdb Portfolio].

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Click To Enlarge


ETF Fun Fact Of The Day

The best-performing themed strategy over the trailing 1-week period has been the 2012 ETFdb Portfolio, which has gained 1.32%.

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Disclosure: No positions at time of writing.