While some American’s continued Obama’s victory celebration today, Wall Street certainly made clear who it had voted for as stocks took a sharp nosedive in a post-election sell off. With the re-elected President’s win, concerns over the looming fiscal cliff escalated, leaving investors uncertain about the split Congress coming up with a resolution. To add insult to injury, Euro Zone drama once again reared its ugly head, as concerns over the impact of the crisis on powerhouse Germany came to the forefront after the nation’s industrial production was reported to have declined in September [see also How To Pick The Right ETF Every Time]. Global Market Overview: Obama Re-election Offers No Relief In a post-election sell off, all three major U.S. indexes logged in some of the worst declines of the year. The Dow Jones Industrial Average (DIA) closed below the critical 13,000 level, marking its biggest one-day decline in nearly a [...] Click here to read the original article on ETFdb.com. Related Posts: Nine Twists On Sector ETF Investing ETF Insider: Sloppy Start To Earnings Season Daily ETF Roundup: First Week Of Earnings Ends In Choppy Trading ETF Insider: Trading Ideas For Earnings Season Charts Are Aligning For XLU
While some American’s continued Obama’s victory celebration today, Wall Street certainly made clear who it had voted for as stocks took a sharp nosedive in a post-election sell off. With the re-elected President’s win, concerns over the looming fiscal cliff escalated, leaving investors uncertain about the split Congress coming up with a resolution. To add insult to injury, Euro Zone drama once again reared its ugly head, as concerns over the impact of the crisis on powerhouse Germany came to the forefront after the nation’s industrial production was reported to have declined in September [see also How To Pick The Right ETF Every Time]. Global Market Overview: Obama Re-election Offers No Relief In a post-election sell off, all three major U.S. indexes logged in some of the worst declines of the year. The Dow Jones Industrial Average (DIA) closed below the critical 13,000 level, marking its biggest one-day decline in nearly a [...]
Click here to read the original article on ETFdb.com.
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