Profit taking pressures persisted for yet another session on Wall Street as better-than-expected economic data at home wasn’t enough to ease bearish sentiment. Markets kicked off the day with a pop as weekly jobless claims trumped expectations; this figure declined to 339,000 versus the expected 368,000 applicants, showcasing a noticeable improvement in the domestic labor market that many attributed to seasonality. Earnings jitters also paved the way for choppy trading as investors await performance results from bank giants JPMorgan and Well Fargo on Friday [see Free 7 Simple & Cheap All-ETF Portfolios]. Global Market Overview: Stocks Slide Into Red Apple failed to hold onto its gains from yesterday as the tech-giant steadily slid lower throughout the day, dragging down the Nasdaq and QQQ 0.31% on the day. The S&P 500 Index was the only benchmark to end the session in green territory, although SPY barely managed to clinch gains of 0.06% [...] 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 Seven Surprising ETF Performance Comparisons August ETF Stats: Keeping The Winning Streak Alive (Just Barely) VXX: The New UNG?
Profit taking pressures persisted for yet another session on Wall Street as better-than-expected economic data at home wasn’t enough to ease bearish sentiment. Markets kicked off the day with a pop as weekly jobless claims trumped expectations; this figure declined to 339,000 versus the expected 368,000 applicants, showcasing a noticeable improvement in the domestic labor market that many attributed to seasonality. Earnings jitters also paved the way for choppy trading as investors await performance results from bank giants JPMorgan and Well Fargo on Friday [see Free 7 Simple & Cheap All-ETF Portfolios]. Global Market Overview: Stocks Slide Into Red Apple failed to hold onto its gains from yesterday as the tech-giant steadily slid lower throughout the day, dragging down the Nasdaq and QQQ 0.31% on the day. The S&P 500 Index was the only benchmark to end the session in green territory, although SPY barely managed to clinch gains of 0.06% [...]
Click here to read the original article on ETFdb.com.
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