Daily ETF Roundup: Stocks Erase Weekly Gains Despite Positive Economic Data

Markets were in for some thin trading today as investors remained cautious ahead of yet another weekend of fiscal cliff negotiations. Yesterday, President Obama and Republican House Speaker John Boehner met at the White House to discuss possible solutions to the automatic round of spending cuts and tax hikes that will come January 1st. This came shortly after Boehner accused the President of dragging out negotiations. In economic news, U.S. industrial production rose 1.1% in November, exceeding analysts’ expectations. Consumer prices for November fell more than economist had forecasted, mostly due to lower gasoline prices [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Stocks Erase Weekly Gains Despite Positive Economic Data All three major U.S. equity indexes ended in negative territory today on continuing fiscal cliff fears. Tech-heavy Nasdaq came in at the bottom of the barrel once again, losing 0.70% with Apple shares tumbling nearly 4.0%. The S&P 500 slid 0.40%, [...] Click here to read the original article on ETFdb.com. Related Posts: Replacements For Disappearing ETFs Van Eck Files For Junk Muni ETF, BroadSouth Plans Its Debut 3 Surprising A+ ETFs Five ETF Surprises From The First Half 12 High-Yielding Monthly Distribution Bond ETFs