Wednesday’s ETF To Watch: Financial Services Fund (IYG)

Most commodity markets took a tumble Tuesday as Goldman Sachs issued a warning that oil prices were due for a correction, which along with more poor news out of Japan, prompted oil prices to sink over 3.5% in the session. Equities also fell sharply as all major indexes sank by roughly a percent on the day mostly thanks to weakness in the natural resource sector as well as some concerns over U.S. government budget cuts. While the past few weeks have been mostly dominated by headlines overseas, like the tragedy in Japan or the crisis in Libya, this week will shift the focus back to the States, as earnings season kicks off in full force [see also Three Country ETFs That Could Benefit From Triple-Digit Oil]. Today, prior to market open, banking giant JP Morgan Chase will release their most recent quarter’s earnings. JP Morgan is considered one of the [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: XLF, SIL, INP Friday’s ETF To Watch: Merrill Lynch Regional Bank HOLDR (RKH) Three ETFs To Watch This Week: IYG, PPH, ITA Three ETFs To Watch This Week: XLF, UUP, VIS ETF Winners And Losers From First Week Of Earnings Season