Daily ETF Roundup: EWZ Sinks, XLK Rises

Equity markets finished relatively flat on Monday, as most investors waited for earnings season to begin after the bell with aluminum giant Alcoa and railroad company CSX kicking things off. The Dow finished ahead by 18 points while the Nasdaq and S&P 500 both traded up by less than 2 points each. In commodity markets, oil and gold slumped back with oil falling more than 1.5% and gold dropping back below the $1,200/oz. mark. Many are expecting a strong earnings season with profits likely to far outpace numbers from the second quarter of last year when the economy was at its lowest point. “It has been one of the strongest profits recoveries ever,” said David S. Bianco, chief United States equity strategist for Bank of America Merrill Lynch. “You have got to go back to the Depression to find a profits recovery that outpaces this one.” One of the biggest gainers [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: VXX Rises, XLV Sinks Daily ETF Roundup: VXX Sinks, UNG Rises Daily ETF Roundup: GDX Sinks, EWZ Rises