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Daily ETF Roundup: BJK Slumps After Wynn Resorts Earnings, XLE Slips

By: ETFdb
Wall Street started off the week on a sour note as investors remained cautious ahead of a slew of economic news slated for this week, most notably the Federal Reserve’s policy-setting committee statement on Wednesday as well as Friday’s monthly jobs report. In corporate news, biotech company Elan announced it that it will be acquired by U.S. based healthcare company Perrigo (PRGO). Also announcing an acquisition, Saks (SKS) agreed to be bought by Canada’s Hudson Bay. Meanwhile, Omnicom (OMC) and Publicis merged over the weekend to create the world’s largest advertising holding company. In economic news, pending home sales declined 0.4% in June [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: BJK Slumps After Wynn Resorts Earnings, XLE Slips Ahead of this week’s slew of economic reports, all three major U.S. equity indexes fell to close in positive territory. The Dow Jones Industrial Average ETF fell 0.15% as its underlying [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLE Drops As Crude Retreats, IYW Pops On Apple Earnings Daily ETF Roundup: KBE Pops On Morgan Stanley, XLE Jumps As Oil Tops $108 Daily ETF Roundup: GDXJ Pops Alongside Gold, XLE Rallies Daily ETF Roundup: DBP Pops On Fed Speculations, XLE Rallies Daily ETF Roundup: YCS Pops On Strong Dollar, XLE Rallies
Wall Street started off the week on a sour note as investors remained cautious ahead of a slew of economic news slated for this week, most notably the Federal Reserve’s policy-setting committee statement on Wednesday as well as Friday’s monthly jobs report. In corporate news, biotech company Elan announced it that it will be acquired by U.S. based healthcare company Perrigo (PRGO). Also announcing an acquisition, Saks (SKS) agreed to be bought by Canada’s Hudson Bay. Meanwhile, Omnicom (OMC) and Publicis merged over the weekend to create the world’s largest advertising holding company. In economic news, pending home sales declined 0.4% in June [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: BJK Slumps After Wynn Resorts Earnings, XLE Slips Ahead of this week’s slew of economic reports, all three major U.S. equity indexes fell to close in positive territory. The Dow Jones Industrial Average ETF fell 0.15% as its underlying [...]

Click here to read the original article on ETFdb.com.

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