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Daily ETF Roundup: Markets Slump Despite Strong Jobs Figures
November 02, 2012 at 18:00 PM EDT
Markets cheered at the open to stronger than expected payroll figures, only to watch markets sell-off through out the duration of the session. Today marks just the third trading day this week, as markets were closed for two days due to Hurricane Sandy, which wreaked havoc on the east coast. The economy saw 171,000 new jobs added in October, but a jump in the labor force caused unemployment to tick up 0.1%. Unfortunately weakness in the material and energy sectors dragged markets lower [see also How To Pick The Right ETF Every Time]. Global Market Overview: Markets Slump Despite Strong Jobs Figures All three major indexes posted a hefty loss on the day thanks to weakness of select sectors. The S&P 500 surrendered 0.89% while the Dow Jones and Nasdaq lobbed off 0.99% and 1.07% respectively. This comes as a major disappointment given Thursday’s strong market rally that opened the month [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Markets cheered at the open to stronger than expected payroll figures, only to watch markets sell-off through out the duration of the session. Today marks just the third trading day this week, as markets were closed for two days due to Hurricane Sandy, which wreaked havoc on the east coast. The economy saw 171,000 new jobs added in October, but a jump in the labor force caused unemployment to tick up 0.1%. Unfortunately weakness in the material and energy sectors dragged markets lower [see also How To Pick The Right ETF Every Time]. Global Market Overview: Markets Slump Despite Strong Jobs Figures All three major indexes posted a hefty loss on the day thanks to weakness of select sectors. The S&P 500 surrendered 0.89% while the Dow Jones and Nasdaq lobbed off 0.99% and 1.07% respectively. This comes as a major disappointment given Thursday’s strong market rally that opened the month [...]
