After ending on a relatively positive note last week, U.S equities faltered today as retail sales came in worse than expected and investors prepare for a slew of corporate earnings. Though some might say that today’s decline is simply due to markets taking a necessary breather after Friday’s wild trading session, many argue that second quarter earnings is what investors are really focused on right now. As earnings jitters heightened and markets await Bernanke’s testimony later this week, stocks slipped into red territory: the Dow Jones Industrial Average fell 0.4%, marking its seventh decline in eight sessions, while the S&P inched 0.2% lower and Nasdaq dropped 0.4% [see also ETF Insider: Earnings, The Fed, And Spain Oh My!]. The U.S. Commerce Department reported a third straight decline for retail sales in June, coming in much below economists’ expectations of a slight increase. Overseas, the Euro Zone consumer price index was reported [...] Click here to read the original article on ETFdb.com. Related Posts: 17 ETFs For Day Traders 101 ETF Lessons Every Financial Advisor Should Learn ETF Tax Tutorial: Complete List Of ETFs That Issue A K-1 Daily ETF Roundup: UNG Slumps On EIA Report, DBC Rises On Crude’s Rally Commodity ETF Investing: Five Factors To Consider
After ending on a relatively positive note last week, U.S equities faltered today as retail sales came in worse than expected and investors prepare for a slew of corporate earnings. Though some might say that today’s decline is simply due to markets taking a necessary breather after Friday’s wild trading session, many argue that second quarter earnings is what investors are really focused on right now. As earnings jitters heightened and markets await Bernanke’s testimony later this week, stocks slipped into red territory: the Dow Jones Industrial Average fell 0.4%, marking its seventh decline in eight sessions, while the S&P inched 0.2% lower and Nasdaq dropped 0.4% [see also ETF Insider: Earnings, The Fed, And Spain Oh My!]. The U.S. Commerce Department reported a third straight decline for retail sales in June, coming in much below economists’ expectations of a slight increase. Overseas, the Euro Zone consumer price index was reported [...]
Click here to read the original article on ETFdb.com.
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