ETFs And Stocks Continue To Fall

By
Devon Layne
November 09, 2012
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Investors remain cautious around U.S. ETFs and stocks, as concern builds over the state of the eurozone and the looming fiscal cliff in the United States, according to an article published by the Wall Street Sector Selector.

In addition, Apple’s lackluster earnings report and an unresolved U.S. budget deficit are adding to investors’ fears. On the bright side, weekly first jobless claims eased and the U.S. traded deficit contracted, the article said.

Here are yesterday's movements of major ETFs outlined by John Nyaradi, contributor and publisher of Wall Street Sector Selector:

  • SPDR S&P 500 ETF (NYSEArca: SPY), down 1.2 percent
  • PowerShares QQQ Trust (NasdaqGM: QQQ), down 1.5 percent
  • iShares Russell 2000 Index Fund (NYSEArca: IWM), down 1.35 percent
  • SPDR Gold Shares (NYSEArca: GLD), up 0.89 percent
  • United States Oil Fund (NYSEArca: USO), up 0.29 percent

 

Visit WallStreetSectorSelector.com to read more.

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ETF DAILY DATA

A number of funds focused on U.S. equities lost money on Friday, May 1, but rising markets offset net outflows and lifted total U.S.-listed ETF assets to $2.142 trillion.

'SPY' and a number of other SSgA funds paced that firm's issuer-leading outflows on Friday, May 1, as rising markets lifted total U.S.-listed ETF assets to $2.142 trillion.

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