Daily ETF Roundup: Stocks Finish Flat, XLK Tumbles On Microsoft And Google Earnings

by on July 19, 2013 | ETFs Mentioned:

U.S. equities ended essentially unchanged in Friday’s lackluster trading session, as investors weighed a batch of underwhelming tech earnings reports. Tech-giants Google (GOOG) and Microsoft (MSFT) posted dismal quarterly results after the closing bell on Thursday, with earnings and revenues coming in well bellow analyst expectations. General Electric (GE) and Honeywell (HON), however, managed to post encouraging second quarter results [see The Cheapest ETF for Every Investment Objective].

Global Market Overview: Stocks Finish Flat, XLK Tumbles On Microsoft And Google Earnings7-19

Following today’s disappointing tech earnings reports, only one major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF (SPY, A) traded 0.18% higher, after its underlying index closed at a fresh record high of 1,692.09. The Dow Jones Industrial Average ETF (DIA, B) slipped 0.01 %, while the tech-heavy Nasdaq ETF (QQQ, B+) tumbled 1.03%.

In Europe, markets were little changed; the Stoxx Europe 600 added less than 0.1%. Meanwhile, China’s Shanghai Composite shed 1.5%, and Japan’s Nikkei Stock Average slumped 1.5%, snapping a five-session win streak, as investors remained cautious ahead of upper-house elections over the weekend.

Bond ETF Roundup

U.S. Treasuries rose today as investors turned their attention back to this week’s dovish Fed news. Yields on 10-year notes fell 4 basis points, while 30-year bonds and 5-year note yields fell 5 and 3 basis points, respectively [see also Seven Simple & Cheap ETF Model Portfolios].

Commodity Roundup

Crude oil futures finished flat today, settling just above $108 a barrel, as investors weighed an improved outlook for energy demand against falling U.S. crude supplies. In other energy trading, gasoline futures traded slightly higher while natural gas shed 2 cents. Meanwhile, gold futures traded higher, settling at $1,293.30 an ounce.

ETF Chart Of The Day #1: (XLK)

The Technology Select Sector SPDR ETF (XLK, A) was one of the worst performers today, shedding 1.69% during the session. After  Google (GOOG) and Microsoft (MSFT) missed earnings and revenue forecasts, this ETF gapped significantly lower at the open. XLK eventually settled at $31.45 a share [see High Tech ETFdb Portfolio].

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ETF Fun Fact Of The Day

The best-performing themed strategy over the trailing 1-week period has been the Risk On ETFdb Portfolio, which has gained 2.21%.

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Disclosure: No positions at time of writing.