Daily ETF Roundup: Slow Budget Talks Spark Volatile Trading

Wall Street was in for a volatile trading session, as ongoing concerns over the looming fiscal cliff overshadowed a slew of positive economic reports. Stocks made some headway this morning after orders of durable goods came in better than expected in October. Meanwhile, the S&P Case-Shiller 20-city home price index rose 3% from the year prior and consumer confidence for November jumped to its highest level since 2008. But following Senate Majority Leader Harry Reid’s disappointing statement that there has been “little progress” made in budget talks, equities quickly took a leg lower in a steep sell-off [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Slow Budget Talks Spark Volatile Trading As fiscal cliff fears escalated, all three major U.S. equity indexes slipped into negative territory during the final hours of trading. The Dow Jones Industrial Average took the biggest hit, dropping 0.69%. The S&P 500 slipped 0.52%, while tech-heavy Nasdaq fell [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Don’t Try To Catch The Falling Knife Daily ETF Roundup: Another Day, Another Sell-Off ETF Insider: Fiscal Cliff Woes Set Volatile Tone Daily ETF Roundup: Fiscal Cliff Concerns Overshadow Positive Data Ultimate Guide To Van Eck Market Vectors TR Gold Miners (GDX)