January 16, 2013 at 18:00 PM EST
Daily ETF Roundup: Stocks End Flat Despite Earnings Surprises
Despite a relatively active day on the earnings front, Wall Street was in for a rather lackluster trading session today as investors digested the latest earnings and remained wary of upcoming fiscal talks in Washington. Among today’s bellwether reports, Goldman Sachs (GS) rallied after the company posted fourth quarter earnings that nearly tripled expectations. JPMorgan Chase (JPM) shares, however, declined even after the financial giant exceeded earnings estimates, in part due to the company’s increased mortgage lending profit. JPMorgan also made headlines today after CEO Jamie Dimon’s bonus was cut in half in response to last year’s “London Whale” trading loss. In economic news, the Fed’s beige book released today indicated that the U.S. economy expanded at a “modest” rate in December and early January as the housing sector picked up its pace [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks End Flat Despite Earnings Surprises As investors [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Japan Makes Bold Move 10 Worst-Performing ETFs In 2012 Best And Worst Sector ETFs Of 2012 Daily ETF Roundup: Stocks Hover Near The Flat Line ETFs Ripe For Contrarian Investors
Despite a relatively active day on the earnings front, Wall Street was in for a rather lackluster trading session today as investors digested the latest earnings and remained wary of upcoming fiscal talks in Washington. Among today’s bellwether reports, Goldman Sachs (GS) rallied after the company posted fourth quarter earnings that nearly tripled expectations. JPMorgan Chase (JPM) shares, however, declined even after the financial giant exceeded earnings estimates, in part due to the company’s increased mortgage lending profit. JPMorgan also made headlines today after CEO Jamie Dimon’s bonus was cut in half in response to last year’s “London Whale” trading loss. In economic news, the Fed’s beige book released today indicated that the U.S. economy expanded at a “modest” rate in December and early January as the housing sector picked up its pace [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks End Flat Despite Earnings Surprises As investors [...]

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

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