Click here to read the original article on ETFdb.com.
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This Week In ETFs: June 24th Edition
June 24, 2012 at 09:00 AM EDT
As we come to the end of yet another tumultuous week in the stock market, one can only wonder if stability is in our sights. Negative news from the Philly Fed’s index of regional manufacturing combined with jobless claims and a fall in existing-home sales painted a bleak picture Thursday morning. Accordingly, the stock market suffered its second-worst loss of the year as the markets came to a close Thursday afternoon. Without the Fed signaling QE3 anytime soon, investors may be in for a tougher summer than expected. The eurozone continues to be under close watch as leaders prepare for a summit this upcoming week. Friday offered some relief to U.S. markets as the Dow Jones and S&P rose 71 and 10 points respectively; Bank and Healthcare shares lead the market rebound. The product development front has picked up as this week saw the launch of three new ETFs: EMLP, HECO and USMI. Below [...] Click here to read the original article on ETFdb.com. Related Posts: Active Energy Infrastructure ETF (EMLP) Hits The Market Huntington Jumps Into ETF Game With “EcoLogical” ETF New Metals ETF (USMI) Debuts
As we come to the end of yet another tumultuous week in the stock market, one can only wonder if stability is in our sights. Negative news from the Philly Fed’s index of regional manufacturing combined with jobless claims and a fall in existing-home sales painted a bleak picture Thursday morning. Accordingly, the stock market suffered its second-worst loss of the year as the markets came to a close Thursday afternoon. Without the Fed signaling QE3 anytime soon, investors may be in for a tougher summer than expected. The eurozone continues to be under close watch as leaders prepare for a summit this upcoming week. Friday offered some relief to U.S. markets as the Dow Jones and S&P rose 71 and 10 points respectively; Bank and Healthcare shares lead the market rebound. The product development front has picked up as this week saw the launch of three new ETFs: EMLP, HECO and USMI. Below [...]
