Markets straddled the flat line today, dipping in and out of red territory as investors digested a slew of mixed economic data and earnings reports. The Commerce Department reported that orders for long-lasting manufactured goods jumped 9.9% in September, the largest gains since the beginning of 2010. From the Labor Department, the number of Americans filing for jobless benefits fell less-than-expected, yet another red flag for the fragile labor market. Meanwhile, pending home sales inched slightly higher last month, rising only 0.3%, well bellow expectations. In earnings news, Procter & Gamble (PG) reported earnings that exceeded analyst’s forecasts, while Best Buy (BBY) warned that its earnings will be significantly below its year-earlier results [see also Free 7 Simple & Cheap All-ETF Portfolios]. Global Market Overview: Markets Trade Sideways On Mixed Data Despite a volatile trading day, all three major U.S. indexes managed to claw their way into positive territory. The S&P 500 (SPY) logged in [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Buy On This Dip With Caution ETF Insider: Euphoria Simmers Before U.S. GDP ETF Insider: Will Holiday Cheer Be Enough? Mining Boom ETFdb Portfolio Now Available ETF Insider: Support Levels In Sight
Markets straddled the flat line today, dipping in and out of red territory as investors digested a slew of mixed economic data and earnings reports. The Commerce Department reported that orders for long-lasting manufactured goods jumped 9.9% in September, the largest gains since the beginning of 2010. From the Labor Department, the number of Americans filing for jobless benefits fell less-than-expected, yet another red flag for the fragile labor market. Meanwhile, pending home sales inched slightly higher last month, rising only 0.3%, well bellow expectations. In earnings news, Procter & Gamble (PG) reported earnings that exceeded analyst’s forecasts, while Best Buy (BBY) warned that its earnings will be significantly below its year-earlier results [see also Free 7 Simple & Cheap All-ETF Portfolios]. Global Market Overview: Markets Trade Sideways On Mixed Data Despite a volatile trading day, all three major U.S. indexes managed to claw their way into positive territory. The S&P 500 (SPY) logged in [...]
Click here to read the original article on ETFdb.com.
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