Stocks got off on the wrong foot this week as it was announced that the Spanish economy had entered another recession on top of their already threatening debt crisis. While investors would like to focus on the generally positive earnings on the home front, any news about Spanish debts will trump all else in the markets. As for the U.S. economy, our first quarter growth slowed more than expected, leading some to believe that we are losing steam in our recovery efforts. For now, the latter half of earnings season will be one of the most significant market movers, as a number of the world’s largest firms detail their most recent quarter’s results [see also Five Important ETF Lessons (Picture Edition)]. Today will see earnings from pharmaceutical giant Pfizer (PFE). The company is headquartered in New York City and produces some of the best-known drugs in the country, including the [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: XLF, XLP, XLY Three ETFs To Watch This Week: IYZ, SMH, XLV AdvisorShares Rolls Out SectorSAM ETF (SSAM) Inside The Simple, Surprisingly Effective Dividend ETF ETF Insider: High Hopes, Big Gains
Stocks got off on the wrong foot this week as it was announced that the Spanish economy had entered another recession on top of their already threatening debt crisis. While investors would like to focus on the generally positive earnings on the home front, any news about Spanish debts will trump all else in the markets. As for the U.S. economy, our first quarter growth slowed more than expected, leading some to believe that we are losing steam in our recovery efforts. For now, the latter half of earnings season will be one of the most significant market movers, as a number of the world’s largest firms detail their most recent quarter’s results [see also Five Important ETF Lessons (Picture Edition)]. Today will see earnings from pharmaceutical giant Pfizer (PFE). The company is headquartered in New York City and produces some of the best-known drugs in the country, including the [...]
Click here to read the original article on ETFdb.com.
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