Stocks endured another day in red territory as weaker-than-expected corporate performance results on the homefront took their toll on investors’ confidence. Industry bellwethers, including auto giant Ford, are taking a hit on bottom line revenues as economic uncertainties from overseas have impacted sales. Looming threats from the eurozone have bolstered the U.S. dollar higher, further eating away at earnings and prompting many to trim their outlook going forward. Despite coming in better than expected, the latest weekly jobless claims report was largely overshadowed by general feelings of uncertainty; this figure came in at 350,000 while analysts were expecting 365,000 [see also The Different Types Of Gold Futures Compared]. Earnings season continues full steam ahead on the homefront as two financial bellwethers are slated to report later today. JPMorgan Chase (JPM) and Wells Fargo (WFC) are both due to report earnings before the opening bell, which brings our focus to the State [...] Click here to read the original article on ETFdb.com. Related Posts: Are Big Banks In Trouble? Three ETFs To Watch Daily ETF Roundup: VXX Preys On Choppy Trading, XLF Sinks on JPM Losses Three ETFs To Watch This Week: XLF, SIL, INP Three ETFs To Watch This Week: XLF, UUP, VIS Earnings Season Kicks Off: ETF Winners And Losers
Stocks endured another day in red territory as weaker-than-expected corporate performance results on the homefront took their toll on investors’ confidence. Industry bellwethers, including auto giant Ford, are taking a hit on bottom line revenues as economic uncertainties from overseas have impacted sales. Looming threats from the eurozone have bolstered the U.S. dollar higher, further eating away at earnings and prompting many to trim their outlook going forward. Despite coming in better than expected, the latest weekly jobless claims report was largely overshadowed by general feelings of uncertainty; this figure came in at 350,000 while analysts were expecting 365,000 [see also The Different Types Of Gold Futures Compared]. Earnings season continues full steam ahead on the homefront as two financial bellwethers are slated to report later today. JPMorgan Chase (JPM) and Wells Fargo (WFC) are both due to report earnings before the opening bell, which brings our focus to the State [...]
Click here to read the original article on ETFdb.com.
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