Major equity indexes tallied another session in red territory as pessimism continues to reign supreme on Wall Street. Despite a strong rally at the opening bell, stocks ultimately failed to hold onto gains as profit taking pressures quickly returned given the looming uncertainties stemming from the “fiscal cliff” at home. In the Euro zone, policymakers agreed to give Greece two more years until 2016 to pay down its budget deficit and stick with the euro; additionally, finance ministers put off until November 20th the decision on just exactly how to meet further Greek aid needs [see also Euro Free Europe ETFdb Portfolio]. Global Market Overview: Stocks Sink, Greece Cuts A Deal The Nasdaq was the worst performer again as heavy profit taking pressures in the tech-sector dragged QQQ down 0.69% on the day. The S&P 500 ETF (SPY) proved most resilient, shedding 0.34%, while the Dow Jones ETF (DIA) lagged slightly behind, losing 0.40% [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Claw Into Green Territory March ETF Stats: Another Solid Quarter ETF Daily Roundup: Markets Rally Prior To Election Results Daily ETF Roundup: Housing Soars, Earnings Miss Daily ETF Roundup: Stocks Slide Into Red
Major equity indexes tallied another session in red territory as pessimism continues to reign supreme on Wall Street. Despite a strong rally at the opening bell, stocks ultimately failed to hold onto gains as profit taking pressures quickly returned given the looming uncertainties stemming from the “fiscal cliff” at home. In the Euro zone, policymakers agreed to give Greece two more years until 2016 to pay down its budget deficit and stick with the euro; additionally, finance ministers put off until November 20th the decision on just exactly how to meet further Greek aid needs [see also Euro Free Europe ETFdb Portfolio]. Global Market Overview: Stocks Sink, Greece Cuts A Deal The Nasdaq was the worst performer again as heavy profit taking pressures in the tech-sector dragged QQQ down 0.69% on the day. The S&P 500 ETF (SPY) proved most resilient, shedding 0.34%, while the Dow Jones ETF (DIA) lagged slightly behind, losing 0.40% [...]
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