Wall Street got off to a relatively positive start last week even as rising concerns over the conflict in Syria weighed heavily on the markets. Last Wednesday, the Senate approved President Obama’s request to strike Syria, bringing the U.S. one step closer to military intervention. On the economic front, the Federal Reserve’s “beige book” showed the U.S. economy growing at a “modest to moderate” pace in July and August, fueled by consumer spending on housing and cars [see The Best (And Worst) Performing ETFs For Every Quarter]. In U.S. labor news, initial jobless claims fell to 323,000, slightly below the expected 333,000, while Automatic Data Processing and Moody’s Analytics reported that 176,000 new private-sector jobs were created in August. U.S. nonfarm payrolls expanded 169,000–below the 175,000 estimate–though the unemployment rate ticked down to 7.3% from 7.4%. This week, investors will once again see a slew of economic reports. Below, we outline three ETFs that [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears Lurking In Uncharted Territory 3 ETFs To Watch This Week: EWJ, XRT, ENZL 17 ETFs For Day Traders ETF Insider: Earnings Jitters Are Back ETF Insider: Progress In Greece Will Tip Markets
Wall Street got off to a relatively positive start last week even as rising concerns over the conflict in Syria weighed heavily on the markets. Last Wednesday, the Senate approved President Obama’s request to strike Syria, bringing the U.S. one step closer to military intervention. On the economic front, the Federal Reserve’s “beige book” showed the U.S. economy growing at a “modest to moderate” pace in July and August, fueled by consumer spending on housing and cars [see The Best (And Worst) Performing ETFs For Every Quarter]. In U.S. labor news, initial jobless claims fell to 323,000, slightly below the expected 333,000, while Automatic Data Processing and Moody’s Analytics reported that 176,000 new private-sector jobs were created in August. U.S. nonfarm payrolls expanded 169,000–below the 175,000 estimate–though the unemployment rate ticked down to 7.3% from 7.4%. This week, investors will once again see a slew of economic reports. Below, we outline three ETFs that [...]
Click here to read the original article on ETFdb.com.
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