Daily ETF Roundup: OIH Falls, IYK Slips On Coca-Cola Earnings

U.S. equities snapped their multi-day winning streak today, as investors digested a mixed bag of economic and earnings reports. Beverage giant Coca-Cola (KO) reported weaker-than-expected sales, while Goldman Sachs (GS) posted earnings per share of $3.70, well past the $2.82 estimate. Johnson & Johnson (JNJ) also posted better-than-expected earnings. In economic news, the consumer-price index for June rose slightly more than expected and June industrial production also saw an increase. The National Association of Homebuilders’ housing market index also beat analyst expectations. Meanwhile, investors remained cautious ahead of Fed Chairman Ben Bernanke’s semiannual testimony on monetary policy to Congress on Wednesday and Thursday [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: OIH Falls, IYK Slips On Coca-Cola Earnings Following a slew of mixed earnings reports and economic data, all three major U.S. equity indexes fell to close in negative territory. The S&P 500 ETF traded 0.37% lower, while the tech-heavy Nasdaq ETF fell [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: OIH Jumps On Strong Earnings, TAN Soars After Acquisition Deal Daily ETF Roundup: Stocks Little Changed Despite M&A Activity Daily ETF Roundup: Stocks Dragged By Energy In Lackluster Session Daily ETF Roundup: S&P 500 Tops 1500 Daily ETF Roundup: XLU Pops, EWZ Rallies Alongside Petrobras