This Week In ETFs: July 17th Edition

Earnings season kicked off last week , but even corporate performance wasn’t enough to distract investors from the financial woes at home and overseas. Moody’s downgrade of Ireland to junk status sent waves of panic across the financial markets as investors speculated that Italy would be the next. Ben Bernanke’s testimony to Congress sparked a rally on Wall Street, but a sell-off followed on Wednesday and bled into Thursday. Gold and Google investors had a reason to celebrate this weekend as the precious metal marched to new all-time highs, with August futures prices hitting $1,594 an ounce on Thursday, while the Internet giant surged upwards of 13% on Friday after reporting stellar earnings. After a couple of slow weeks on the product development front, the ETF industry resumed its impressive growth trajectory this week with the debut of several new products. The most recent additions to the ETF lineup included [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: No Stopping Gold Nikkei ETF Debuts: Newcomer Precidian Launches NKY