Daily ETF Roundup: Blue Chips Rally While Apple Tumbles
While investors kept a close watch on budget negotiations, a slew of better-than-expected economic reports and upbeat commentary from China’s new leader helped stocks claw their way out of negative territory. The Institute for Supply Management’s non-manufacturing purchasing index rose in the month of November, exceeding analyst’s expectations for a drop in service sector activity. Factory orders also rose, though the Automatic Data Processing’s and Moody’s Analystics’ reading on November hiring came in lower than expected. On the corporate front, Apple dominated the headlines, as the stock tumbled more than 6%, the worse single day decline since 2008, after the company announced that it will be raising its margin requirements [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Blue Chips Rally While Apple Tumbles The majority of U.S. equities finally managed to snap their loosing streak to post modest gains on the day. Tech-heavy Nasdaq , however, logged in a 0.77% loss [...] Click here to read the original article on ETFdb.com. Related Posts: When Apple (AAPL) Swings, Tech ETFs Follow Apple Earnings On Tap: IYW In Focus Daily ETF Roundup: Markets Crushed On Black Monday Anniversary 3 Tech ETFs with 20% Holdings in Apple (and 3 with less than 2%) Daily ETF Roundup: All Eyes On Bernanke
While investors kept a close watch on budget negotiations, a slew of better-than-expected economic reports and upbeat commentary from China’s new leader helped stocks claw their way out of negative territory. The Institute for Supply Management’s non-manufacturing purchasing index rose in the month of November, exceeding analyst’s expectations for a drop in service sector activity. Factory orders also rose, though the Automatic Data Processing’s and Moody’s Analystics’ reading on November hiring came in lower than expected. On the corporate front, Apple dominated the headlines, as the stock tumbled more than 6%, the worse single day decline since 2008, after the company announced that it will be raising its margin requirements [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Blue Chips Rally While Apple Tumbles The majority of U.S. equities finally managed to snap their loosing streak to post modest gains on the day. Tech-heavy Nasdaq , however, logged in a 0.77% loss [...]

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

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