[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 and Dow Jones Industrial Average closed lower today as lackluster fourth-quarter results came in from Citigroup (C), Goldman Sachs (GS) and Best Buy (BBY). Best Buy (BBY) reported a sales decline for the holiday season, which came as a surprise to many investors. The largest gainer of the day …
Twitter Up, Inflation Down
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks slipped in mixed volume as investors weighed a rise in job openings against concerns that the Federal Reserve will start to withdraw stimulus. In the stock market today, Lumber Liquidators (LL) plunged 14% in huge volume, closing below its 200-day moving average, after its fourth-quarter earnings outlook came in slightly below …
New ETFs On The Block: Db X-Trackers Harvest CSI 300 China A-Shares Fund (ASHR)
Global markets’ interest in Chinese equities received a major boost after the nation’s new leadership announced sweeping social and economic reforms last week. Coincidentally, Deutsche Asset & Wealth Management, the asset management arm of Germany’s largest lender, launched a unique China-focused exchange-traded fund on Nov 6 offering US investors direct access to the stocks of the world’s second largest economy. …