For the third day in a row, U.S. stocks slid into red territory as investors grew more apprehensive about Euro Zone’s unfolding debt drama, China’s wavering economy, and the start of the U.S.’s upcoming earnings season. After last week’s onslaught of lackluster economic reports, investors are once again bracing themselves for poor data, maintaining a rather pessimistic view of both the domestic and global economy. With investor sentiments going south, stocks couldn’t hold their ground: the Dow Jones Industrial Average slid 0.3%, while the S&P lost 0.2% and Nasdaq shed 0.2% [see also ETF Insider: Earnings Jitters Are Back]. Today, investors waded through several economic reports from across the globe, starting with the Chinese consumer and producer price indexes. China’s CPI was reported at 2.2%, well below the previous reading of 3.0%, while its PPI for the month of June fell drastically to -2.1%. In the Euro Zone, the German [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: FXI Slumps On Risk Aversion, UNG Jumps On Cooler Weather Daily ETF Roundup: FXI Jumps On Credit Plan, UNG Slumps On Mild Weather Daily ETF Roundup: UNG Sinks On Storage Report, FXI Rises On Industrial Strength Daily ETF Roundup: UNG Stumbles, FXI Jumps Higher Daily ETF Roundup: UNG Soars, FXI Slides
For the third day in a row, U.S. stocks slid into red territory as investors grew more apprehensive about Euro Zone’s unfolding debt drama, China’s wavering economy, and the start of the U.S.’s upcoming earnings season. After last week’s onslaught of lackluster economic reports, investors are once again bracing themselves for poor data, maintaining a rather pessimistic view of both the domestic and global economy. With investor sentiments going south, stocks couldn’t hold their ground: the Dow Jones Industrial Average slid 0.3%, while the S&P lost 0.2% and Nasdaq shed 0.2% [see also ETF Insider: Earnings Jitters Are Back]. Today, investors waded through several economic reports from across the globe, starting with the Chinese consumer and producer price indexes. China’s CPI was reported at 2.2%, well below the previous reading of 3.0%, while its PPI for the month of June fell drastically to -2.1%. In the Euro Zone, the German [...]
Click here to read the original article on ETFdb.com.
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