The string of disappointing news continues as equity markets got off to a mixed start following the latest economic data release on the home front. Factory orders in April came in at negative 0.6%, marking a modest contraction in the manufacturing sector and ultimately falling short of the the expected 0.1% growth figure. On the home front, the Nasdaq pulled ahead, clinching a 0.46% gain on the day, while the Dow Jones Industrial Average crept lower, shedding 0.14% as the trading session drew to a close [see also Which Sector ETFs Are Cheap]. Last week’s dismal employment report will continue to weigh down on investors’ confidence as expectations for an additional round of quantitative easing intensify this month. The lack of resolution in the overseas currency bloc is the other major headwind that’s troubling markets as investors cope with the possibility of a full-fledged financial crisis to spill over. To kick off this week, gold [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: GDX Soars With Gold, VXX Creeps Lower Daily ETF Roundup: GDX Snaps Higher, VXX Corrects Lower Daily ETF Roundup: VXX Pops With Uncertainty, GDX Drops With Gold Daily ETF Roundup: VXX Inches Up, GDX Continues To Sink Daily ETF Roundup: VXX Jumps After FOMC Meeting, GDX Plunges With Gold
The string of disappointing news continues as equity markets got off to a mixed start following the latest economic data release on the home front. Factory orders in April came in at negative 0.6%, marking a modest contraction in the manufacturing sector and ultimately falling short of the the expected 0.1% growth figure. On the home front, the Nasdaq pulled ahead, clinching a 0.46% gain on the day, while the Dow Jones Industrial Average crept lower, shedding 0.14% as the trading session drew to a close [see also Which Sector ETFs Are Cheap]. Last week’s dismal employment report will continue to weigh down on investors’ confidence as expectations for an additional round of quantitative easing intensify this month. The lack of resolution in the overseas currency bloc is the other major headwind that’s troubling markets as investors cope with the possibility of a full-fledged financial crisis to spill over. To kick off this week, gold [...]
Click here to read the original article on ETFdb.com.
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