Stocks are on their way to settle into green territory for the week despite enduring a much unexpected start. Much to everyone’s surprise, trading on Wall Street has been fairly tame despite the closure of the New York Stock Exchange on Monday and Tuesday as a result of Hurricane Sandy. Despite lackluster developments for countless communities on the east coast this week, economic data releases have been quite positive; consumer spending and ISM data have both come in above expectations, while weekly jobless claims also painted an encouraging outlook for the domestic labor market [see also ETFdb Analyst Picks: Surviving The Storm]. On the product development front, State Street rolled out a pair of factor-based ETFs, one focusing on value stocks and the other on momentum. WisdomTree and iShares on the other hand stuffed the pipeline with an intriguing corporate bond fund filing each. [For more ETF analysis, make sure to sign up for our free ETF [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Stocks are on their way to settle into green territory for the week despite enduring a much unexpected start. Much to everyone’s surprise, trading on Wall Street has been fairly tame despite the closure of the New York Stock Exchange on Monday and Tuesday as a result of Hurricane Sandy. Despite lackluster developments for countless communities on the east coast this week, economic data releases have been quite positive; consumer spending and ISM data have both come in above expectations, while weekly jobless claims also painted an encouraging outlook for the domestic labor market [see also ETFdb Analyst Picks: Surviving The Storm]. On the product development front, State Street rolled out a pair of factor-based ETFs, one focusing on value stocks and the other on momentum. WisdomTree and iShares on the other hand stuffed the pipeline with an intriguing corporate bond fund filing each. [For more ETF analysis, make sure to sign up for our free ETF [...]
Click here to read the original article on ETFdb.com.
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