The Latest News:
- U.S. stocks were trading lower at the start of the after last Friday’s biggest one-day gain in over three months, following the healthy jobs report.
- “Earnings were not as dire as forecast and are likely to rebound later this year,” Jim Dunigan, market strategists at PNC Wealth Management, said in a MarketWatch article.
- The markets appear to remain in a sideways pattern without any significant positive new data or signs of a potential turn.
- “The market seems to be stuck at the high end of the trading range,” Peter Cardillo, chief market economist at broker-dealer Rockwell Global Capital, said in a Wall Street Journal article. “[It’s] high in terms of valuations but…there are still no alternatives to the stock market.”
- With 455 companies reporting in, the S&P 500 is on pace for a 0.4% rise in quarter earnings, compared to a 4.6% forecasted decline at the start of the season.
ETFS Zacks Earnings Small-Cap U.S. Index Fund
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.