Major equity indexes crept lower on Wednesday as the government shutdown took its toll on investors’ confidence for yet another trading session. Profit taking pressures persisted on Wall Street alongside the gridlock on Capitol Hill, leading many to wonder just how quick our nation’s lawmakers can really get their act together [see also ETF Insider: New Defensive Position Added To Portfolio]. Our chart to watch for the day is the State Street Dow Jones Industrial Average ETF , which may experience volatile trading as investors digest the latest weekly jobless claims report, although any developments in Washington D.C. are sure to take precedence in terms of market-moving news. Analysts are expecting for last week’s jobless claims figure to come in at 313,000 compared to the previous reading of 305,000. Chart Analysis Consider DIA’s one-year daily performance chart below. This ETF has pulled back sharply over the last two weeks as debt drama [...] Click here to read the original article on ETFdb.com. Related Posts: The Biggest Technical Glitches On Wall Street ETF Insider: Buy On The Dip Prospects September 23rd Edition The Complete History of the Dow Jones Industrial Average 5 Tweets That Shook the ETF World ETF Insider: Buy On The Dip Prospects August 12th Edition
Major equity indexes crept lower on Wednesday as the government shutdown took its toll on investors’ confidence for yet another trading session. Profit taking pressures persisted on Wall Street alongside the gridlock on Capitol Hill, leading many to wonder just how quick our nation’s lawmakers can really get their act together [see also ETF Insider: New Defensive Position Added To Portfolio]. Our chart to watch for the day is the State Street Dow Jones Industrial Average ETF , which may experience volatile trading as investors digest the latest weekly jobless claims report, although any developments in Washington D.C. are sure to take precedence in terms of market-moving news. Analysts are expecting for last week’s jobless claims figure to come in at 313,000 compared to the previous reading of 305,000. Chart Analysis Consider DIA’s one-year daily performance chart below. This ETF has pulled back sharply over the last two weeks as debt drama [...]
Click here to read the original article on ETFdb.com.
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