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This Week In ETFs: May 13th Edition
May 13, 2012 at 07:00 AM EDT
After a somewhat chaotic week, stock markets fell flat during Friday’s trading session as investors digested the latest bombardment of both domestic and foreign news reports. The biggest headline of the week was the announcement of J.P. Morgan’s monumental trading blunder; a staggering $2 billion loss was incurred after the firm tried to scale back on its excessively risky derivatives positions. However, investors were able to welcome some good news on the home front, which helped offset the impact of J.P. Morgan’s losses. Unexpectedly, the U.S. consumer sentiment report came in better than expected, rising to its highest levels since 2008. On the Euro Zone horizon, investors continued to become frustrated as Greece’s socialist party reported that they failed to form a new coalition government, leading many to become even more uncertain on the outlook of the country’s debt negotiations [see also 3 ETFs For A Euro Zone Double-Dip]. The ETF industry [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
After a somewhat chaotic week, stock markets fell flat during Friday’s trading session as investors digested the latest bombardment of both domestic and foreign news reports. The biggest headline of the week was the announcement of J.P. Morgan’s monumental trading blunder; a staggering $2 billion loss was incurred after the firm tried to scale back on its excessively risky derivatives positions. However, investors were able to welcome some good news on the home front, which helped offset the impact of J.P. Morgan’s losses. Unexpectedly, the U.S. consumer sentiment report came in better than expected, rising to its highest levels since 2008. On the Euro Zone horizon, investors continued to become frustrated as Greece’s socialist party reported that they failed to form a new coalition government, leading many to become even more uncertain on the outlook of the country’s debt negotiations [see also 3 ETFs For A Euro Zone Double-Dip]. The ETF industry [...]
