Investing.com - Financial Markets Worldwide

A Sleepy Day For Stocks And ETFs, Part II

ByWall Street Sector Selector
AuthorJohn Nyaradi
Published 09/18/2012, 07:21 PM
Updated 05/14/2017, 06:45 AM
Today was another sleepy day for stocks and ETFs as markets continue to consolidate and flat-line

Markets finished mixed and flat for the second day this week, as stocks and ETFs continue to recover after last week’s fireworks.

The SPDR S&P 500 ETF (NYSEARCA:SPY) lost .08%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) added .06%, the PowerShares QQQ Trust Series 1 ETF (NASDAQ:QQQ) added .09%, and the iShares Russell 2000 Index ETF (NYSEARCA:IWM) lost .33%.

Markets didn’t show even one ounce of excitement towards a positive Home Builders Survey released today; the report indicated that the Housing Market Index had risen to its highest since June 2006, before the epic real estate crash and burn. Considering that the housing sector is still a major drag on our economic recovery, any good news is good to hear, no matter how small the improvement.

Across the pond, indices and stocks continue to sink as investors remain unsure about whether the ECB will really go forth with their “forever” easing strategy. Further across the pond in the Middle East, anti-American violence and protests continue, and on the other side of the other pond (Pacific), Chinese stocks continue to decline as China sends a flotilla to the Senkaku/Diaoyu islands among dispute with Japan.

Bottom Line: Markets continue to flat line and consolidate as investors wait for anything to kick indices up or down. With an election, fiscal cliff, and continued violence abroad, the boredom will likely not last long, especially since the effects of Dr. Bernanke and Mario Draghi’s easing have not yet been fully realized.

Disclaimer: Wall Street Sector Selector trades a wide variety of ETFs and positions can change at any time.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.