Profit taking pressures permeated the market on Wednesday amid disappointing quarterly performance results from Bank of America . Bellwether Apple also dragged down the S&P 500 Index after the stock slipped below $400 a share for the first time since 2011. Corporate earnings will remain in the spotlight for the rest of this week, although weekly jobless claims may steal the show later today depending on the latest figures [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Mining giant Freeport-McMoRan (FCX) is slated to report earnings later today, which brings our spotlight onto the Materials Select Sector SPDR as it allocates over 6% of its total assets to the company. Analysts are expecting for the company to report earnings of 85 cents a share, compared to a year ago when the firm reported earnings of $1.57 per share [try Free ETF Stock Exposure Tool]. Chart Analysis Consider XLB’s one-year daily performance chart below. This ETF [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Close Higher As Earnings Season Kicks Off 3 Sector Rotation Strategies ETF Investors Must Know 12 Cheap ETFs Every Trader Must Know The Most Tradable Stock In Each Sector SPDR ETF Daily ETF Roundup: Earnings Drag On Stocks And Commodities
Profit taking pressures permeated the market on Wednesday amid disappointing quarterly performance results from Bank of America . Bellwether Apple also dragged down the S&P 500 Index after the stock slipped below $400 a share for the first time since 2011. Corporate earnings will remain in the spotlight for the rest of this week, although weekly jobless claims may steal the show later today depending on the latest figures [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Mining giant Freeport-McMoRan (FCX) is slated to report earnings later today, which brings our spotlight onto the Materials Select Sector SPDR as it allocates over 6% of its total assets to the company. Analysts are expecting for the company to report earnings of 85 cents a share, compared to a year ago when the firm reported earnings of $1.57 per share [try Free ETF Stock Exposure Tool]. Chart Analysis Consider XLB’s one-year daily performance chart below. This ETF [...]
Click here to read the original article on ETFdb.com.
Related Posts:
