Equity markets started off the week on a shaky note as investors digested a plateful of mixed earnings and economic data. Major indexes were able to regain most of the lost ground from the morning sell-off by the time the trading session drew to a close. On Wall Street, the Dow Jones Industrial Average came out on top, gaining 0.56% on the day, while profit taking in shares of Apple dragged the Nasdaq into red territory, ending 0.76% lower on the day [see ETF Insider: More Earnings, More Volatility]. The financials sector was bolstered by better-than-expected results from banking giant Citigroup; the firm reported a net income of $2.93 billion, or 95 cents a share. Despite optimism on the earnings front, investors fretted over worse-than-expected economic data releases. Retail sales in March grew by 0.8%, falling short of the previous reading of 1.0%, while data from the housing market also missed expectations; the home [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Inches Up, GDX Continues To Sink Daily ETF Roundup: VXX Jumps After FOMC Meeting, GDX Plunges With Gold Daily ETF Roundup: VXX Pops, GDX Drops As Stocks Retreat ETF Laggards Struggling In 2012 Daily ETF Roundup: GDX Soars On Gold’s Glitter, TVIX Loses Another 30%
Equity markets started off the week on a shaky note as investors digested a plateful of mixed earnings and economic data. Major indexes were able to regain most of the lost ground from the morning sell-off by the time the trading session drew to a close. On Wall Street, the Dow Jones Industrial Average came out on top, gaining 0.56% on the day, while profit taking in shares of Apple dragged the Nasdaq into red territory, ending 0.76% lower on the day [see ETF Insider: More Earnings, More Volatility]. The financials sector was bolstered by better-than-expected results from banking giant Citigroup; the firm reported a net income of $2.93 billion, or 95 cents a share. Despite optimism on the earnings front, investors fretted over worse-than-expected economic data releases. Retail sales in March grew by 0.8%, falling short of the previous reading of 1.0%, while data from the housing market also missed expectations; the home [...]
Click here to read the original article on ETFdb.com.
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