Three ETFs To Watch This Week: EWZ, SMH, IYG

After a rough start to the holiday-shortened week, equity markets surged on Wednesday as most major indexes jumped by close to 3% on the day. This large jump was due to an expectation out of ETF issuer and financial giant State Street which said that it was likely to top analysts’ expectations for second-quarter earnings. This news sent shares of State Street up by close to 10% on the day and helped to boost financials and other beaten down sectors as investors grew optimistic that this prediction from State Street was likely to spell good news for the rest of the market. However, this surge was not meant to last as markets stayed flat for the rest of the week but still finished up 4.1% on the week. This week, earnings season gets underway and all eyes will be on a handful of American companies to see how corporate profits have [...] Click here to read the original article on ETFdb.com. Related Stories: Three ETFs To Watch This Week: TIP, SMH, FXM Three ETFs To Watch This Week: XLF, XHB, FXC Three ETFs To Watch This Week: GDX, TAN, EWO