January 11, 2013 at 18:00 PM EST
Daily ETF Roundup: Japan Makes Bold Move
As Wall Street continued its “breather” from last week’s strong run, stocks closed virtually unchanged in yet another lackluster trading session. Despite this, major U.S. equity indexes still managed to log in their second-straight weekly gain. In fourth quarter earnings news, bellwether Wells Fargo reported that the company’s net interest margin declined more than expected, spooking investors who now believe that low interest rates are taking a heavier toll on net margins. In economic news, the U.S. budget deficit for December totaled $260 million, while the nation’s trade gap widened, bucking economists’ expectations [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Japan Makes Bold Move With yet another day of thin trading, only two major U.S. equity indexes managed to claw their way into positive territory. The Dow Jones Industrial Average logged in a meager 0.13% gain, while tech-heavy Nasdaq inched 0.13% higher. The S&P 500 closed virtually unchanged. In Europe, markets [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Plays Ahead Of G-20 Summit Daily ETF Roundup: Stocks Hover Near The Flat Line ETF Insider: Sandy Rattles Wall Street ETF Insider: Winning Picks During A Flat Week Daily ETF Roundup: Japan Makes Bold Move
As Wall Street continued its “breather” from last week’s strong run, stocks closed virtually unchanged in yet another lackluster trading session. Despite this, major U.S. equity indexes still managed to log in their second-straight weekly gain. In fourth quarter earnings news, bellwether Wells Fargo reported that the company’s net interest margin declined more than expected, spooking investors who now believe that low interest rates are taking a heavier toll on net margins. In economic news, the U.S. budget deficit for December totaled $260 million, while the nation’s trade gap widened, bucking economists’ expectations [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Japan Makes Bold Move With yet another day of thin trading, only two major U.S. equity indexes managed to claw their way into positive territory. The Dow Jones Industrial Average logged in a meager 0.13% gain, while tech-heavy Nasdaq inched 0.13% higher. The S&P 500 closed virtually unchanged. In Europe, markets [...]

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

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