Daily ETF Roundup: CMF Pops, XHB Drops Ahead Of Housing Data

By: ETFdb
Equity markets turned south on Wednesday as lackluster earnings on the home front paved the way for profit taking pressures. With no economic data releases to overshadow earnings, major indexes oscillated in red territory throughout most of the trading session, broadly finishing the day lower. On Wall Street, the Dow Jones Industrial Average was the worst performer, shedding 0.63% on the day, while the Nasdaq proved most resilient, losing 0.37% as the closing bell rang [see Free Report: Seven Simple & Cheap ETF Model Portfolios]. Corporate earnings results took center stage today and unfortunately market participants were not-so-impressed to say the least. Stocks tumbled lower across the board as investors fretted over quarterly performance data from tech giants IBM and Intel, both of which posted uninspiring results. In international news, the latest United Kingdom jobless claims data came in better-than-expected; 3.6K people filed for unemployment benefits versus the previous reading of 4.5K [see also [...] Click here to read the original article on ETFdb.com. Related Posts: ETFdb Category Kings: Best Performers From First Half Of 2011 Daily ETF Roundup: XHB Rebounds, VXX Inches Lower Daily ETF Roundup: VXX Jumps With Sell-Off, XHB Plunges Lower ETF Insider: The Start Of A Correction? ETF Insider: The Uptrend Remains For Now
Equity markets turned south on Wednesday as lackluster earnings on the home front paved the way for profit taking pressures. With no economic data releases to overshadow earnings, major indexes oscillated in red territory throughout most of the trading session, broadly finishing the day lower. On Wall Street, the Dow Jones Industrial Average was the worst performer, shedding 0.63% on the day, while the Nasdaq proved most resilient, losing 0.37% as the closing bell rang [see Free Report: Seven Simple & Cheap ETF Model Portfolios]. Corporate earnings results took center stage today and unfortunately market participants were not-so-impressed to say the least. Stocks tumbled lower across the board as investors fretted over quarterly performance data from tech giants IBM and Intel, both of which posted uninspiring results. In international news, the latest United Kingdom jobless claims data came in better-than-expected; 3.6K people filed for unemployment benefits versus the previous reading of 4.5K [see also [...]

Click here to read the original article on ETFdb.com.

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