Mid Day Roundup: Stocks Mixed After Greek Election
Posted on June 18, 2012 at 13:25 PM EDT
After a rather eventful weekend, U.S. equities struggled to maintain their ground, giving up some of last week’s gains during Monday morning trading hours. Stocks straddled the flat line as investors digested the latest news from both sides of the Atlantic: U.S. homebuilder sentiment rose above expectations to its highest level in five years while Greek election results temporarily eased Euro Zone fears. As opposed to last week’s behavior, stocks finally caved in to looming worries surrounding Spain’s rather grim debt crisis [see also Seven Simple & Cheap ETF Model Portfolio]. On Wall Street, the reaction to the New Democracy party’s victory in Greek elections on Sunday was somewhat mixed as initial optimism quickly faded to doubt. With the victory under their belt, the newly elected party jumped into action today, beginning talks with potential allies on forming a pro-bailout coalition government. New Democracy party leader Antonis Samaris emphasized his belief in Greek’s future success and [...] Click here to read the original article on ETFdb.com. Related Posts: Europe ETFs: The Good, The Bad, The Ugly ETFs To Play Euro 2012 This Week In ETFs: June 3rd Edition December ETF Roundup: Launches, Filings, and Closures 12 Rapid Fire ETF Ideas For 2012
After a rather eventful weekend, U.S. equities struggled to maintain their ground, giving up some of last week’s gains during Monday morning trading hours. Stocks straddled the flat line as investors digested the latest news from both sides of the Atlantic: U.S. homebuilder sentiment rose above expectations to its highest level in five years while Greek election results temporarily eased Euro Zone fears. As opposed to last week’s behavior, stocks finally caved in to looming worries surrounding Spain’s rather grim debt crisis [see also Seven Simple & Cheap ETF Model Portfolio].  On Wall Street, the reaction to the New Democracy party’s victory in Greek elections on Sunday was somewhat mixed as initial optimism quickly faded to doubt. With the victory under their belt, the newly elected party jumped into action today, beginning talks with potential allies on forming a pro-bailout coalition government. New Democracy party leader Antonis Samaris emphasized his belief in Greek’s future success and [...]

Click here to read the original article on ETFdb.com.

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