Three ETFs To Watch This Week: ITA, IXC, EWP

A second week of earnings did little to clarify the market’s direction despite quality reports out of a host of important American corporations. After another flat Monday, markets surged on Tuesday after a strong report from Apple boosted hopes for the consumer discretionary sector as well as the electronics market. However, Fed Chair Ben Bernanke gave his biannual testimony to Congress on Wednesday in which he called the outlook for America’s economy ‘unusually uncertain’. He also stated that the Fed was considering other measures in order to boost the economy such as removing the interest that banks receive from keeping deposits at the Reserve which pushed equities down sharply and reignited fears over a double dip. However, equities rebounded to finish the week stronglywith shares opening higher on Thusday and posting modest gains on Friday after GE announced that it was raising its dividend by 20%, helping to alleviate ongoing concerns over [...] Click here to read the original article on ETFdb.com. Related Stories: Three ETFs To Watch This Week: EWI, BNZ, FXF Three ETFs To Watch This Week: EWZ, SMH, IYG Three ETFs To Watch This Week: PPH, FAA, HHH