Major equity indexes briefly peered into positive territory yesterday as profit-taking pressures permeated Wall Street shortly after the opening bell. The bulls tried to take charge after better-than-expected Chinese manufacturing data and solid housing numbers were revealed at home; new home sales in September came in at 389,000, topping estimates of 387,000. Pessimism ultimately prevailed after the latest FOMC statement cited that the U.S. economy is still growing modestly while unemployment remains elevated [see Free Report: How To Pick The Right ETF Every Time]. Earnings seasons continues at home, and with tech-juggernaut Apple (AAPL) slated to report after the closing bell today our radar will stay focused on technology ETFs as investors and speculators move in and out of positions ahead of results. Our ETF to watch for the day is the iShares Dow Jones U.S. Technology Index Fund [etf ticker='IYW' ratings='true'] as it holds the greatest allocation in Apple stock; [...] Click here to read the original article on ETFdb.com. Related Posts: 3 Tech ETFs with 20% Holdings in Apple (and 3 with less than 2%) Apple Vs. Samsung: Q&A With Scott Freeze Forget AAPL, Find Some ISRG How An Apple (AAPL) Dividend Would Impact ETFs Tuesday’s ETF To Watch: iShares Technology Index Fund (IYW)
Major equity indexes briefly peered into positive territory yesterday as profit-taking pressures permeated Wall Street shortly after the opening bell. The bulls tried to take charge after better-than-expected Chinese manufacturing data and solid housing numbers were revealed at home; new home sales in September came in at 389,000, topping estimates of 387,000. Pessimism ultimately prevailed after the latest FOMC statement cited that the U.S. economy is still growing modestly while unemployment remains elevated [see Free Report: How To Pick The Right ETF Every Time]. Earnings seasons continues at home, and with tech-juggernaut Apple (AAPL) slated to report after the closing bell today our radar will stay focused on technology ETFs as investors and speculators move in and out of positions ahead of results. Our ETF to watch for the day is the iShares Dow Jones U.S. Technology Index Fund [etf ticker='IYW' ratings='true'] as it holds the greatest allocation in Apple stock; [...]
Click here to read the original article on ETFdb.com.
Related Posts:
