Mid-Day ETF Update: ETFs, Stocks Mixed as Wall Street Continues …

Active broad-market exchange-traded funds in Thursday’s regular session:

iShares MSCI Emerging Index Fund ( EEM ): -0.2%

SPDR Select Sector Fund – Financial ( XLF ): -0.1%

iShares Russell 2000 ETF ( IWM ): +0.1%

SPDR SP 500 ( SPY ): +0.1%

PowerShares QQQ Trust, Series 1 ( QQQ ): +0.2%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM and IVV inched higher. Actively traded PowerShares QQQ ( QQQ ) was up 0.2%.

U.S. stocks were mixed at session’s half, as investors continued to digest the GOP’s tax reform framework, unveiled by President Donald Trump on Wednesday afternoon. It included corporate tax cuts and is being styled as a positive for lower- and middle-income Americans, but is facing criticism about who will benefit.

In economic data news, Q2 economic growth came in at 3.1%, as expected, from an earlier view of 3%. Weekly initial jobless claims

... read more at: http://www.nasdaq.com/article/mid-day-etf-update-etfs-stocks-mixed-as-wall-street-continues-to-mull-tax-reform-q2-gdp-data-and-jobless-claims-cm852751

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