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.