Investors were in for another choppy trading session today as ongoing global growth worries overshadowed some better-than-expected earnings and economic reports. In macro news, the U.S. consumer sentiment jumped to its highest level in five years, bucking many analysts predictions. Financial bellwethers J.P. Morgan Chase and Wells Fargo also surprised investors, as both companies reported beat earnings expectations. Despite the uptick, both stocks were hit hard as investors brought more attention to Wells Fargo missing revenue expectations and its troubling net interest margins. Earnings jitters will likely continue in the coming weeks, as investors brace themselves for mixed reports and choppy trading [see Free Seven Simple & Cheap All-ETF Portfolios]. Global Market Overview: First Week Of Earnings Ends In Choppy Trading All three major indexes logged their biggest weekly drop since June, but only one index managed to eke out a small gain on the day. The Dow Jones Industrial Average (DIA) [...] Click here to read the original article on ETFdb.com. Related Posts: Five ETFs With Surprising Turnover ETF Insider: Trading Ideas For Earnings Season Charts Are Aligning For XLU Daily ETF Roundup: Stocks Flat On Mixed Data Daily ETF Roundup: Sour Jobs Data Sparks Fed Hopes
Investors were in for another choppy trading session today as ongoing global growth worries overshadowed some better-than-expected earnings and economic reports. In macro news, the U.S. consumer sentiment jumped to its highest level in five years, bucking many analysts predictions. Financial bellwethers J.P. Morgan Chase and Wells Fargo also surprised investors, as both companies reported beat earnings expectations. Despite the uptick, both stocks were hit hard as investors brought more attention to Wells Fargo missing revenue expectations and its troubling net interest margins. Earnings jitters will likely continue in the coming weeks, as investors brace themselves for mixed reports and choppy trading [see Free Seven Simple & Cheap All-ETF Portfolios]. Global Market Overview: First Week Of Earnings Ends In Choppy Trading All three major indexes logged their biggest weekly drop since June, but only one index managed to eke out a small gain on the day. The Dow Jones Industrial Average (DIA) [...]
Click here to read the original article on ETFdb.com.
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