Equity markets climbed higher on Thursday as investors brushed off the worse-than-expected jobless claims report, instead focusing on upcoming earnings from tech giant Google and financial behemoths JPMorgan and Wells Fargo. The weekly jobless claims figure showed 380,000 filings for unemployment, which was a bit steeper than the expected 359,000, and also above the previous reading of 367,000. Nonetheless, stocks climbed higher right from the opening bell with the Nasdaq leading the rally [see Free Report: Seven Simple & Cheap ETF Model Portfolios]. Investors will briefly take their eyes off earnings results as the latest China GDP data comes into focus on Friday. The iShares FTSE China 25 Index Fund (FXI) could see an increase in trading volumes as investors react to the latest economic growth figure; analysts are expecting for GDP growth of 1.9%, a slight down-tick from the previous reading of 2.0% [see our Asia-Centric ETFdb Portfolio]. Chart Analysis [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: FXI Soars On China Speculation, VXX Slips 8% ETF Insider: Will The Bears Crash Earnings Season? ETF Insider: Excitement Cools Off, Momentum Still Positive When Bigger Isn’t Better: Profiling ETF Alternatives To DJP, FXI, GLD ETF Insider: No Rest For The Bulls
Equity markets climbed higher on Thursday as investors brushed off the worse-than-expected jobless claims report, instead focusing on upcoming earnings from tech giant Google and financial behemoths JPMorgan and Wells Fargo. The weekly jobless claims figure showed 380,000 filings for unemployment, which was a bit steeper than the expected 359,000, and also above the previous reading of 367,000. Nonetheless, stocks climbed higher right from the opening bell with the Nasdaq leading the rally [see Free Report: Seven Simple & Cheap ETF Model Portfolios]. Investors will briefly take their eyes off earnings results as the latest China GDP data comes into focus on Friday. The iShares FTSE China 25 Index Fund (FXI) could see an increase in trading volumes as investors react to the latest economic growth figure; analysts are expecting for GDP growth of 1.9%, a slight down-tick from the previous reading of 2.0% [see our Asia-Centric ETFdb Portfolio]. Chart Analysis [...]
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