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7 Articles ETF Investors Must Read: 2/7
February 07, 2013 at 07:00 AM EST
Equity markets were in for a volatile ride this week, with stocks posting their worst one-day drop this year on Monday. With bullish momentum undeniably being a dominant force on Wall Street since the new year, such a steep correction was perhaps expected. Equities managed to bounce back, however, following a slew of relatively good earnings and economic reports [see Visual History Of The S&P 500]. On the global economic front, investors kept a close eye on the eurozone once again as controversies surrounding a criminal investigation into Italian banks and a scandal concerning Spanish Prime Minister Mariono Rajoy brought investors’ uncertainties back to the forefront. Meanwhile, investors welcomed somewhat positive data from the Commerce Department who reported orders for manufactured goods to have risen 1.8% in December, just shy of the 2.2% expectation. Also, the Institute for Supply Management reported that the U.S. non-manufacturing sector expanded at a slower rate last month, [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Equity markets were in for a volatile ride this week, with stocks posting their worst one-day drop this year on Monday. With bullish momentum undeniably being a dominant force on Wall Street since the new year, such a steep correction was perhaps expected. Equities managed to bounce back, however, following a slew of relatively good earnings and economic reports [see Visual History Of The S&P 500]. On the global economic front, investors kept a close eye on the eurozone once again as controversies surrounding a criminal investigation into Italian banks and a scandal concerning Spanish Prime Minister Mariono Rajoy brought investors’ uncertainties back to the forefront. Meanwhile, investors welcomed somewhat positive data from the Commerce Department who reported orders for manufactured goods to have risen 1.8% in December, just shy of the 2.2% expectation. Also, the Institute for Supply Management reported that the U.S. non-manufacturing sector expanded at a slower rate last month, [...]
