It’s been a busy week for Wall Street, with investors digesting a slew of earnings and economic reports. On the earnings front, Citigroup, JP Morgan, Goldman Sachs, Intel managed to beat analyst earnings and revenue expectations, while Bank of America reported a 43% drop in profit, as well as a $650 million settlement with AIG over private lawsuits tied to mortgages [see How Much of Wall Street's Major Firms Do ETFs Actually Own?]. Meanwhile, investors also turned their attention to Federal Reserve Chairwoman Yellen’s Congressional testimony, where she suggested the Fed is in no rush to raise rates: “Given the economic situation that I just described, we judge that a high degree of monetary policy accommodation remains appropriate.” In ETF news, two new issuers made their debuts on Wall Street, while Barclays also launched a new inverse bond fund. Sprott Asset Management Launches Gold Miner ETF On July 15, Toronto-based Sprott […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
It’s been a busy week for Wall Street, with investors digesting a slew of earnings and economic reports. On the earnings front, Citigroup, JP Morgan, Goldman Sachs, Intel managed to beat analyst earnings and revenue expectations, while Bank of America reported a 43% drop in profit, as well as a $650 million settlement with AIG over private lawsuits tied to mortgages [see How Much of Wall Street's Major Firms Do ETFs Actually Own?]. Meanwhile, investors also turned their attention to Federal Reserve Chairwoman Yellen’s Congressional testimony, where she suggested the Fed is in no rush to raise rates: “Given the economic situation that I just described, we judge that a high degree of monetary policy accommodation remains appropriate.” In ETF news, two new issuers made their debuts on Wall Street, while Barclays also launched a new inverse bond fund. Sprott Asset Management Launches Gold Miner ETF On July 15, Toronto-based Sprott […]
Click here to read the original article on ETFdb.com.
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