Wednesday's ETF Roundup: UUP Gains After Data, GLD Plunges Lower

By Stoyan Bojinov:Equity markets turned south on Wednesday as lackluster earnings on the home front paved the way for profit taking pressures. With no economic data release to overshadow earnings, major indexes oscillated in red territory throughout most of the trading session, broadly finishing the day lower. On Wall Street, the Dow Jones Industrial Average was the worst performer, shedding 0.63% on the day, while the Nasdaq proved most resilient, losing 0.37% as the closing bell rang.

By Stoyan Bojinov:Equity markets endured a rocky day of trading as mixed economic data paved the way for profit-taking and relatively light-volume price action. The Dow Jones Industrial Average proved most resilient, gaining 0.17% on the day, while the Nasdaq lagged behind, slipping into negative territory and closing down 0.01%.

By Stoyan Bojinov:Stocks extended their losses from yesterday as the bears stuck around on Wall Street. Selling pressures carried over as investors were quite displeased to hear from the FOMC on Tuesday that additional stimulus measures would be unlikely at this time. Profit taking continued as investors dialed back their risk appetites even further. The Nasdaq led the way lower, losing 1.46% on the day, while the Dow Jones Industrial Average proved most resilient, shedding just 0.95%.

By Stoyan Bojinov:Bearish pressures took hold of Wall Street on Tuesday as investors broadly pulled the sell trigger following the latest FOMC meeting.

By Stoyan Bojinov:Bullish momentum extended into Wednesday as investors rejoiced over encouraging earnings and economic data on the home front. The Nasdaq led the way higher, soaring 1.53% on the day, while the Dow Jones Industrial Average lagged behind, clinching a gain of 0.78%.

By Stoyan Bojinov:Stocks broadly ended the trading session on a sour note as less-than-stellar data paved the way for profit taking pressures. Major indexes on the home front ended up in red territory after consumer confidence came in worse-than-expected; the figure came in at 70.2, falling short of analyst estimates and dipping below last month's reading of 71.6.

By Stoyan Bojinov:Stocks oscillated between minor gains and losses on Wednesday following yesterday’s impressive rally on Wall Street. Domestic equity indexes drifted sideways with a bit of a downward bias for most of the trading session as economic news were sparse. The Dow Jones Industrial Average was able to finish in green territory, clinching a 0.12% gain on the day, while the S&P 500 slipped into negative territory, shedding 0.12% as the closing bell rang.

By Stoyan Bojinov:Stock markets had a whirlwind of a day as indexes fluctuated between gains and losses amidst the looming Greek debt negotiations, ultimately closing in shallow green territory. On the home front, the Nasdaq charged ahead, gaining 0.41% on the day, while the Dow Jones Industrial Average just barely pulled off a win, settling 0.04% higher on the day.