Profit taking pressures from last week spilled over as investors continued to express their concerns over looming Euro zone debt drama. Clouds of uncertainty gathered over Wall Street on Monday morning after a frustrating lack of progress overseas kept confidence levels on edge; stocks stumbled lower out of the gates on both sides of the Atlantic ocean after German and French officials failed to agree on a proper timeline for initiative oversight of the region’s banking sector coupled with ongoing worries that Greece would not qualify for further financial aid [see Free Report: Seven Simple & Cheap All-ETF Model Portfolios]. Global Market Overview: Street Edges Lower As European Gridlock Persists Shares of Apple sank lower after a less-than-stellar iPhone 5 launch, which inevitably weighed down on the tech-heavy QQQ throughout the day. The Dow Jones Industrial Average ETF fared slightly better than the S&P 500 ETF, shedding 0.11% versus 0.15% respectively [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Laggards Struggling In 2012 10 Strange But True Facts About The ETF Industry Five Defensive ETFs To Own When The Market Corrects This Week In ETFs: November 20th Edition ETF Insider: QE3 Is Here, What Do We Wait For Next?
Profit taking pressures from last week spilled over as investors continued to express their concerns over looming Euro zone debt drama. Clouds of uncertainty gathered over Wall Street on Monday morning after a frustrating lack of progress overseas kept confidence levels on edge; stocks stumbled lower out of the gates on both sides of the Atlantic ocean after German and French officials failed to agree on a proper timeline for initiative oversight of the region’s banking sector coupled with ongoing worries that Greece would not qualify for further financial aid [see Free Report: Seven Simple & Cheap All-ETF Model Portfolios]. Global Market Overview: Street Edges Lower As European Gridlock Persists Shares of Apple sank lower after a less-than-stellar iPhone 5 launch, which inevitably weighed down on the tech-heavy QQQ throughout the day. The Dow Jones Industrial Average ETF fared slightly better than the S&P 500 ETF, shedding 0.11% versus 0.15% respectively [...]
Click here to read the original article on ETFdb.com.
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