Stocks tallied yet another session in red territory as looming “fiscal cliff” worries and sour economic data proved too pessimistic for the bulls to overcome. Profit taking pressures permeated Wall Street after weekly jobless claims data missed the mark by a wide margin thanks to hurricane Sandy; 439,000 people filed for unemployment benefits versus the expected 380,000, marking an unhealthy blow to the labor market which had been enjoying several weeks of modest improvement [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Another Day, Another Sell-Off The Nasdaq continues to lead the way lower at home as shares of Apple shed upwards of 2% on the day, sinking the PowerShares by 0.34%. The S&P 500 ETF proved most resilient, dipping by 0.17%, while the Dow Jones Industrial Average ETF lagged barely behind, turning in a loss of 0.20% as the closing bell rang [see A Week Later, ETF Winners And [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Jobs Optimism Bolsters Stocks Daily ETF Roundup: Big Ben’s Rally Holds August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Daily ETF Roundup: Stocks Sink, Greece Cuts A Deal ETF Daily Roundup: Markets Rally Prior To Election Results
Stocks tallied yet another session in red territory as looming “fiscal cliff” worries and sour economic data proved too pessimistic for the bulls to overcome. Profit taking pressures permeated Wall Street after weekly jobless claims data missed the mark by a wide margin thanks to hurricane Sandy; 439,000 people filed for unemployment benefits versus the expected 380,000, marking an unhealthy blow to the labor market which had been enjoying several weeks of modest improvement [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Another Day, Another Sell-Off The Nasdaq continues to lead the way lower at home as shares of Apple shed upwards of 2% on the day, sinking the PowerShares by 0.34%. The S&P 500 ETF proved most resilient, dipping by 0.17%, while the Dow Jones Industrial Average ETF lagged barely behind, turning in a loss of 0.20% as the closing bell rang [see A Week Later, ETF Winners And [...]
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