Once again markets took their cue from today’s Euro Zone headlines, while positive U.S. data was quickly brushed aside. Fueling an early morning rally, the U.S. Department of Labor reported that the nation’s unemployment rate fell to 7.8%, the lowest level since January of 2009. Of course this comes right after Wednesday’s first round of presidential debates, where many believed Romney scored a clear victory, and today’s jobs data may shift some voters who are on the fence as to which candidate can best fix the nation’s ailing economy. But like most things on Wall Street, the drop in unemployment quickly became old news after a European Central Bank official expressed his uncertainty over whether or not Greece would receive an aid payment next month [see Free Report: Seven Simple & Cheap All-ETF Model Portfolios]. Global Market Overview: U.S. Jobs Undercut By Greece Concerns After an earlier rally driven by the [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs To Play 9 Markets In Limbo Daily ETF Roundup: GDXJ Strikes Gold, Coffee Sizzles 46 Amusing ETF Ticker Symbols Mid Day Roundup: Stocks Slide Ahead Of Fed Minutes 5 Of The Best ETF Performers Of The First Half (Plus The 5 Worst)
Once again markets took their cue from today’s Euro Zone headlines, while positive U.S. data was quickly brushed aside. Fueling an early morning rally, the U.S. Department of Labor reported that the nation’s unemployment rate fell to 7.8%, the lowest level since January of 2009. Of course this comes right after Wednesday’s first round of presidential debates, where many believed Romney scored a clear victory, and today’s jobs data may shift some voters who are on the fence as to which candidate can best fix the nation’s ailing economy. But like most things on Wall Street, the drop in unemployment quickly became old news after a European Central Bank official expressed his uncertainty over whether or not Greece would receive an aid payment next month [see Free Report: Seven Simple & Cheap All-ETF Model Portfolios]. Global Market Overview: U.S. Jobs Undercut By Greece Concerns After an earlier rally driven by the [...]
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