Equity markets drifted sideways with a downward bias yesterday as investors digested a string of lackluster reports. Disappointing quarterly performance results from Apple and Netflix dragged the technology sector into red territory, while political gridlock in Washington, D.C. over the looming tax vote didn’t help to restore investors’ confidence. The cherry on the cake of uncertainty was a worse-than-expected new home sales report at home along with U.K. GDP contracting by 0.7% for the quarter [see also Why Jim Rogers Thinks Gold Will Drop 20%]. Earnings Preview Energy bellwether Exxon Mobil (XOM) is slated to report quarterly performance results later today after the opening bell on Wall Street. As such, our ETF to watch for the day is the iShares Dow Jones U.S. Energy Sector Fund (IYE), which has Exxon Mobil as its top holding, allocating close to 26% of its total assets to this industry giant. As the largest oil [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: EWP, IYE, XLK Thursday’s ETF To Watch: iShares Dow Jones U.S. Energy Sector Fund (IYE) Highlighting Five Free ETF Tools Three ETFs To Watch This Week: IYE, SMH, VOO Energy ETFs In Focus As Exxon Mobil (XOM) Reports Earnings
Equity markets drifted sideways with a downward bias yesterday as investors digested a string of lackluster reports. Disappointing quarterly performance results from Apple and Netflix dragged the technology sector into red territory, while political gridlock in Washington, D.C. over the looming tax vote didn’t help to restore investors’ confidence. The cherry on the cake of uncertainty was a worse-than-expected new home sales report at home along with U.K. GDP contracting by 0.7% for the quarter [see also Why Jim Rogers Thinks Gold Will Drop 20%]. Earnings Preview Energy bellwether Exxon Mobil (XOM) is slated to report quarterly performance results later today after the opening bell on Wall Street. As such, our ETF to watch for the day is the iShares Dow Jones U.S. Energy Sector Fund (IYE), which has Exxon Mobil as its top holding, allocating close to 26% of its total assets to this industry giant. As the largest oil [...]
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