This Week In ETFs: July 10th Edition

This four day trading week saw no shortage of major events that have left investors with their heads spinning. The week started off flat, until major indexes made a major push forward on Thursday, only to lose nearly all of their ground on a very weak jobs report on Friday. Jobs added for June was expected to hit a level of 125,000, and that report came in at just 18,000, just 14% of what was actually expected. U.S. chief economist, Nigel Gault, said that the current jobs report “is about as bad as anyone could imagine”. Moving over to the ETF world, events were much better, as investors were excited to see the first ever cloud computing product launch, as the new fund traded over one million shares in its first two days on market [see Up In The Clouds: First Cloud Computing ETF Debuts]. Below, we outline the three [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts