Daily ETF Roundup: Stocks Pop On Earnings Euphoria

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Daily ETF Roundup: Stocks Pop On Earnings Euphoria

SPY GEX QQQ IYW DIA

Linked by ETF Database ( track newsfeed | ignore newsfeed ) - January 23, 06:03PM from (feeds.etfdb.com)

Lifted once again by another batch of strong earnings, stocks rallied as bullish momentum dominated Wall Street. Blue-chip giant IBM (IBM) reported fourth quarter earnings and revenues that topped analysts expectations and provided a 2013 earnings outlook that exceeded current projections. Google (GOOG) also beat analyst estimates, though revenues came in lower than expected. Meanwhile, McDonald's (MCD) and United Technologies (UTX) also posted better-than-expected earnings. In Washington, investors cheered as the House of Representatives voted to suspend the U.S. debt ceiling through May 19 [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks Pop On Earnings Euphoria After several better-than-expected earnings reports, all three major U.S. equity index rallied to close in positive territory. Led by blue-chip giant IBM, the Dow Jones Industrial Average ETF logged in a 0.53% gain on the session. The S&P 500 ETF rose 0.16%, while the tech-heavy Nasdaq ETF gained 0.61%. In Europe, ...

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