Daily ETF Roundup: Sour Global Growth Outlook Spooks Markets
Wall Street endured a rather bleak trading day, as slowing global growth fears put a damper on expectations for the coming earnings season. Weighing heavily on the markets, the International Monetary Fund announced overnight that it cut its forecast for global economic expansion to 3.3% from 3.5% in 2012. Meanwhile, the National Federation of Independent Business small-buisiness optimism index came in below expectations for the month of September. And while equities have enjoyed a surprisingly successful ride thus far in 2012, the majority of investors believe that this coming earnings season will reflect the rather grim outlook many have on the global economy [see 101 ETF Lessons Every Advisor Should Learn]. Global Market Overview: Sour Global Growth Outlook Spooks Markets Following the IMF’s sour outlook, all three major U.S. equity indexes slipped into negative territory. Nasdaq (QQQ) came in at the bottom of the barrel, shedding 1.52% as tech stocks with [...] Click here to read the original article on ETFdb.com. Related Posts: Charts Are Aligning For XLU Daily ETF Roundup: Spain Makes Bold Move Daily ETF Roundup: Stocks Grind As Investors Digest Apple Vs. Samsung: Q&A With Scott Freeze Daily ETF Roundup: Consumer Sentiment Rises, Platinum Shines
Wall Street endured a rather bleak trading day, as slowing global growth fears put a damper on expectations for the coming earnings season. Weighing heavily on the markets, the International Monetary Fund announced overnight that it cut its forecast for global economic expansion to 3.3% from 3.5% in 2012. Meanwhile, the National Federation of Independent Business small-buisiness optimism index came in below expectations for the month of September. And while equities have enjoyed a surprisingly successful ride thus far in 2012, the majority of investors believe that this coming earnings season will reflect the rather grim outlook many have on the global economy [see 101 ETF Lessons Every Advisor Should Learn].  Global Market Overview: Sour Global Growth Outlook Spooks Markets  Following the IMF’s sour outlook, all three major U.S. equity indexes slipped into negative territory. Nasdaq (QQQ) came in at the bottom of the barrel, shedding 1.52% as tech stocks with [...]

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