Wall Street seemingly took a breather today from the recent string of record breaking gains, with stocks closing lower after a choppy trading session. Meanwhile, investors kept a close eye on today’s labor report which showed that initial jobless claims declined to 323,000 last week, the lowest level since 2008; analysts were expecting a small uptick to 327,000. In earnings news, Groupon (GRPN) reported better-than-expected first-quarter revenue and earnings that fell in line with analysts’ forecasts. Tomorrow, investors will be paying close attention to Fed Chairman Ben Bernanke’s commentary at the Chicago Fed Conference [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: YCS Pops On Weaker Yen, XLU Slides Alongside Utilities After a choppy trading session , all three major U.S. equity indexes fell to close in negative territory. The S&P 500 ETF slipped 0.28%, while the Dow Jones Industrial Average ETF ended 0.07% lower. The tech-heavy Nasdaq ETF was unchanged, though its underlying [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Reverse Losses To Close Higher Daily ETF Roundup: Stocks Rebound On Bank of Japan Move Daily ETF Roundup: Stocks Close Out Quarter On High Note Daily ETF Roundup: Historic Week Finishes On Upbeat Labor Data ETF Insider: Optimism Bolsters Indexes Above Key Support
Wall Street seemingly took a breather today from the recent string of record breaking gains, with stocks closing lower after a choppy trading session. Meanwhile, investors kept a close eye on today’s labor report which showed that initial jobless claims declined to 323,000 last week, the lowest level since 2008; analysts were expecting a small uptick to 327,000. In earnings news, Groupon (GRPN) reported better-than-expected first-quarter revenue and earnings that fell in line with analysts’ forecasts. Tomorrow, investors will be paying close attention to Fed Chairman Ben Bernanke’s commentary at the Chicago Fed Conference [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: YCS Pops On Weaker Yen, XLU Slides Alongside Utilities After a choppy trading session , all three major U.S. equity indexes fell to close in negative territory. The S&P 500 ETF slipped 0.28%, while the Dow Jones Industrial Average ETF ended 0.07% lower. The tech-heavy Nasdaq ETF was unchanged, though its underlying [...]
Click here to read the original article on ETFdb.com.
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