Daily ETF Roundup: Stocks Finish Strong Month On Quiet Note
After rallying for nearly an entire month, stocks took a breather to finish lower on the last day of trading in January. A mixed bag of economic data and a slew of sour earnings reports weighed heavily on investors, forcing many to come to the realization that perhaps the market is ahead of itself. In today’s economic news, Chicago-area purchasing managers’ index for January rose further into expansion territory, while personal income rose more than expected for the month of December. Also, initial claims for jobless benefits rose unexpectedly last week. In corporate news, social media giant Facebook (FB) topped earnings and revenue estimates, but its operating margin came in lower. Package-delivery company UPS (UPS) also made headlines, as the company reported earnings that fell short of expectations [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Finish Strong Month On Quiet Note [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Pull Back On Fed And Lackluster GDP Daily ETF Roundup: S&P 500 Tops 1500 Daily ETF Roundup: Wall Street Takes A Hit From Apple Upset Daily ETF Roundup: Stocks Pop On Earnings Euphoria Daily ETF Roundup: Dow Hits Multi-year High
After rallying for nearly an entire month, stocks took a breather to finish lower on the last day of trading in January. A mixed bag of economic data and a slew of sour earnings reports weighed heavily on investors, forcing many to come to the realization that perhaps the market is ahead of itself. In today’s economic news, Chicago-area purchasing managers’ index for January rose further into expansion territory, while personal income rose more than expected for the month of December. Also, initial claims for jobless benefits rose unexpectedly last week. In corporate news, social media giant Facebook (FB) topped earnings and revenue estimates, but its operating margin came in lower. Package-delivery company UPS (UPS) also made headlines, as the company reported earnings that fell short of expectations [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Finish Strong Month On Quiet Note [...]

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

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