Major equity indexes traded sideways with an upward bias on Wednesday as corporate earnings collided with a reduced global growth forecast from the World Bank. Investors largely shrugged off pessimistic commentary from the World Bank, which emphasized its concerns regarding austerity measures and sluggish labor market market recoveries around the globe, as upbeat quarterly results stole the headlines; behemoths JPMorgan (JPM) and Goldman Sachs (GS) helped to restore confidence in the infamous financials sector as both companies surpassed analyst expectations [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The health of the U.S. housing market will be in the spotlight later today as December housing starts data is expected to hit the Street at the opening bell. Given the string of upbeat news surrounding the housing market in recent months, investors will surely critique the latest report under a microscope. As such, our ETF to watch for the day is the iShares Dow Jones U.S. Home Construction [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bearish Pressures Mounting Favorite ETF Positions For 5 Super Investors 10 Best-Performing ETFs In 2012 Best And Worst Sector ETFs Of 2012 5 Best (And 5 Worst) ETF Performers Over The Last Year
Major equity indexes traded sideways with an upward bias on Wednesday as corporate earnings collided with a reduced global growth forecast from the World Bank. Investors largely shrugged off pessimistic commentary from the World Bank, which emphasized its concerns regarding austerity measures and sluggish labor market market recoveries around the globe, as upbeat quarterly results stole the headlines; behemoths JPMorgan (JPM) and Goldman Sachs (GS) helped to restore confidence in the infamous financials sector as both companies surpassed analyst expectations [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The health of the U.S. housing market will be in the spotlight later today as December housing starts data is expected to hit the Street at the opening bell. Given the string of upbeat news surrounding the housing market in recent months, investors will surely critique the latest report under a microscope. As such, our ETF to watch for the day is the iShares Dow Jones U.S. Home Construction [...]
Click here to read the original article on ETFdb.com.
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