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ETFs Catch Another Whiff Of The Cliff
ETFs traded mostly higher all day Tuesday but finished in the red as the “fiscal cliff” sends shudders through global markets.
U.S. ETFs and stocks spent most of the day in the green as Home Depot (HD) beat expectations and climbed 3.63% for the day, however, the good news couldn’t offset a 3% plunge in Microsoft as its head of Windows headed for the door. Home Depot Gives Stock Market A Boost
All major U.S. indexes and index ETFs finished in the red today with the Nasdaq 100 (NYSEARCA:QQQ) taking the largest hit on the news from Microsoft regarding the President of Window, Steven Sinofsky, leaving the company.
The tech sector (NYSEARCA:XLK) declined 0.48% during the day and continued making news
Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com
2012-11-13 20:41:10
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