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This Week In ETFs: November 20th Edition
November 20, 2011 at 07:00 AM EST
Markets welcomed good news this week with the announcement of an increase in the index of leading economic indicators for the month of October. The report indicated that the U.S. economy is finally beginning to gain momentum, which is better than what most investors had expected. Investors also responded to positive retail sales data, which showed growth of 0.5% versus the expected 0.3%. Major U.S. stock indexes started out strong this week, only to fall during Thursday’s trading session as euro-zone tensions and Washington’s debt negotiations continued to surface. The S&P 500 traded to its lowest price for the month on Thursday, which was followed by a slight reversal at the end of the week as stocks began to edge slightly higher. Much of this week’s volatility was the result of conflicting news reports from the euro-zone, which have largely overshadowed the increasingly positive domestic economic data. With European tensions easing on Friday, Treasury bonds slumped as investors chose [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Markets welcomed good news this week with the announcement of an increase in the index of leading economic indicators for the month of October. The report indicated that the U.S. economy is finally beginning to gain momentum, which is better than what most investors had expected. Investors also responded to positive retail sales data, which showed growth of 0.5% versus the expected 0.3%. Major U.S. stock indexes started out strong this week, only to fall during Thursday’s trading session as euro-zone tensions and Washington’s debt negotiations continued to surface. The S&P 500 traded to its lowest price for the month on Thursday, which was followed by a slight reversal at the end of the week as stocks began to edge slightly higher. Much of this week’s volatility was the result of conflicting news reports from the euro-zone, which have largely overshadowed the increasingly positive domestic economic data. With European tensions easing on Friday, Treasury bonds slumped as investors chose [...]
