Investors were in for another lackluster day of trading, as markets closed narrowly mixed after drifting near the flat line throughout the session. A string of mixed economic data and earnings reports had investors on edge, resulting in trading volumes and market activity to remain at their low summer slump levels. The New York Federal Reserve’s Empire State index of manufacturing fell unexpectedly into negative territory for the month of August, marking the first drop in orders since last October. In the corporate arena, industrial giant Deere missed analysts’ estimates in its second quarter earnings report, citing weakness in demand and manufacturing inefficiencies. And since no major headlines have been able to put momentum back into the markets, equities will likely continue to drift sideways [see also How To Pick The Right ETF Every Time]. Global Market Overview: Stocks Finish Flat On Mixed Data The S&P 500 (SPY) and Nasdaq (QQQ) managed [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Markets Clear A Hurdle, China Fails To Medal ETPs For Trading Natural Gas ETFs For Your Inner Bear ProShares Adds -3x Treasury ETF (TTT) How To Play A Treasury Bubble With ETFs
Investors were in for another lackluster day of trading, as markets closed narrowly mixed after drifting near the flat line throughout the session. A string of mixed economic data and earnings reports had investors on edge, resulting in trading volumes and market activity to remain at their low summer slump levels. The New York Federal Reserve’s Empire State index of manufacturing fell unexpectedly into negative territory for the month of August, marking the first drop in orders since last October. In the corporate arena, industrial giant Deere missed analysts’ estimates in its second quarter earnings report, citing weakness in demand and manufacturing inefficiencies. And since no major headlines have been able to put momentum back into the markets, equities will likely continue to drift sideways [see also How To Pick The Right ETF Every Time]. Global Market Overview: Stocks Finish Flat On Mixed Data The S&P 500 (SPY) and Nasdaq (QQQ) managed [...]
Click here to read the original article on ETFdb.com.
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