Stocks lost steam on Thursday after investor confidence in the markets took a hit as JPMorgan’s earnings missed analyst expectations, sparking a sell-off in the financials sector. The Dow Jones Industrial Average and S&P 500 both finished the day in slight red territory, while the NASDAQ inched a bit higher in anticipation of Google’s earnings results at the end of the day. The internet giant surpassed analyst estimates as profits rose by 29% from last quarter, and shares were up well over 5% in after hours trading. Gold tumbled down to $1,654 an ounce yesterday morning, although the precious metal was able to hold support and work its way higher, settling around $1,670 an ounce for the day. Wall Street has been in a cheerful mood these past few trading sessions as euro zone worries have seemingly evaporated. Investors will look to end the week on a positive note as [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Can Earnings Trump Euro Drama? Friday’s ETF To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Does Gold Still Glitter? ETF Insider: The Dust Has Yet To Settle ETF Insider: Be Wary Of Bargain Shopping
Stocks lost steam on Thursday after investor confidence in the markets took a hit as JPMorgan’s earnings missed analyst expectations, sparking a sell-off in the financials sector. The Dow Jones Industrial Average and S&P 500 both finished the day in slight red territory, while the NASDAQ inched a bit higher in anticipation of Google’s earnings results at the end of the day. The internet giant surpassed analyst estimates as profits rose by 29% from last quarter, and shares were up well over 5% in after hours trading. Gold tumbled down to $1,654 an ounce yesterday morning, although the precious metal was able to hold support and work its way higher, settling around $1,670 an ounce for the day. Wall Street has been in a cheerful mood these past few trading sessions as euro zone worries have seemingly evaporated. Investors will look to end the week on a positive note as [...]
Click here to read the original article on ETFdb.com.
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