Daily ETF Roundup: Markets Slump As QE3 Euphoria Fades

After ending the week on a high note following the announcement of QE3 on the home front, investors came back in a profit taking mood Monday morning as major benchmarks stumbled lower out of the gates. Selling pressures from Europe spilled over after finance ministers overseas failed to agree on a timetable for moving forward with the proposed unified banking sector. Randy Frederick, managing director of active trading at Charles Schwab, commented, “There’s the potential for a small pull-back, but I think we will move back into the bull territory later in the week unless there’s an unexpected negative news event” [see also How To Pick The Right ETF Every Time]. Global Market Overview: Markets Slump As QE3 Euphoria Fades Shares of Apple traded in green territory throughout the day which kept the Nasdaq afloat, although the benchmark still shed 0.16% on the day. By comparison, the S&P 500 Index and Dow [...] Click here to read the original article on ETFdb.com. Related Posts: iShares Debuts Frontier Markets ETF (FM) Three ETFs To Watch This Week: IAH, TLT, USO This Week In ETFs: February 26th Edition This Week In ETFs: September 16th Edition ETF Insider: QE3 Is Here, What Do We Wait For Next?