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Daily ETF Roundup: Sour Start To Earnings Season

October 10, 2012 | Filed Under » ,
Tickers in this Article » GDX, XLE
Investors kicked off today's trading session with profiting taking, which remained steady throughout the entire day leaving the opening ceremony of earnings season up to the bears. Alcoa was the culprit for today's sell-off after the aluminum juggernautdisappointed investors; the company actually ended up topping profit estimates, but selling pressures were quick to follow after it revised its forecast lower. Chevron was another big name loser on the day after the company cited falling oil prices and reduced production .

Global Market Overview:Sour Start To Earnings Season

Selling pressures in shares of Alcoa and Chevron sank the Dow ETF (DIA) 0.97% lower on the day, while a positive performance from Apple helped the Nasdaq, although QQQ still shed 0.50%. Chinese markets were the biggest winner on the day despite news of slowing automobile sales.

Bond ETF Roundup

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