Daily ETF Roundup: Stocks Make Turnaround On Budget Talks

U.S. equities logged their biggest daily gain since the U.S. Presidential election today, as Wall Street breathed a collective sigh of relief over encouraging “fiscal cliff” talks in Washington. Overall, opening negotiations from both sides of the House were surprisingly productive, with the issue of tax hikes being brought out on the table. In other economic news, U.S. industrial production fell 0.4% last month, bucking analyst’s predictions of a 0.2% increase; the Federal Reserve reported that the sudden drop in manufacturing activity was in part do to Superstorm Sandy [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Stocks Make Turnaround On Budget Talk All three major U.S. indexes managed to slide into positive territory, with Nasdaq coming out as the biggest winner with its 0.57% gain. The Dow Jones Industrial Average and S&P 500 also logged modest gains of 0.37% and 0.48%, respectively. In Europe, equities closed lower ahead of budget [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Fiscal Cliff Concerns Overshadow Positive Data Obama Victory Puts Healthcare ETFs In Focus UBS Adds Its Own Alerian MLP ETN (AMU) Guide To MLP ETFs (And ETNs) Leveraged Dividend ETFs: Too Good To Be True?