Bullish euphoria took a backseat today as markets took their time to digest Monday’s big jump. Pessimism crept back onto the stock front after Chairman Bernanke commented that the Fed doesn’t have the necessary tools to shield the economy from the potential harm that could arise from the much-feared “fiscal cliff”. Investors’ confidence also took a hit after Best Buy posted disappointing earnings results, although better-than-expected housing starts data did offer some relief [see also How To Pick The Right ETF Every Time]. Global Market Overview: Excitement Simmers On Mixed News Shares of Apple kicked off the session on a very positive note only to give into profit taking pressures and drag the Nasdaq ETF to the bottom of the barrel among major domestic equity indexes; the Dow Jones Industrial Average ETF turned in the best performance on the day, while the S&P 500 ETF trailed closely behind [Download 101 ETF Lessons Every Financial Advisor [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Another Day, Another Sell-Off Daily ETF Roundup: Stocks Sink, Greece Cuts A Deal Daily ETF Roundup: Stocks Slide Into Red ETF Daily Roundup: Markets Rally Prior To Election Results
Bullish euphoria took a backseat today as markets took their time to digest Monday’s big jump. Pessimism crept back onto the stock front after Chairman Bernanke commented that the Fed doesn’t have the necessary tools to shield the economy from the potential harm that could arise from the much-feared “fiscal cliff”. Investors’ confidence also took a hit after Best Buy posted disappointing earnings results, although better-than-expected housing starts data did offer some relief [see also How To Pick The Right ETF Every Time]. Global Market Overview: Excitement Simmers On Mixed News Shares of Apple kicked off the session on a very positive note only to give into profit taking pressures and drag the Nasdaq ETF to the bottom of the barrel among major domestic equity indexes; the Dow Jones Industrial Average ETF turned in the best performance on the day, while the S&P 500 ETF trailed closely behind [Download 101 ETF Lessons Every Financial Advisor [...]
Click here to read the original article on ETFdb.com.
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