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Daily ETF Roundup: Markets Crushed On Black Monday Anniversary

By: ETFdb
Another slew of sour earnings reports rocked Wall Street today, forcing stocks to log their worst single day drop in almost four months. Among today’s disappointments were bellwethers Microsoft (MSFT), General Electric (GE), and McDonald’s (MCD), all of whom posted earnings reports that missed the mark. Meanwhile, U.S. existing home sales for the month of September fell slightly more than expected. Across the Atlantic, the seemingly never-ending Spain debacle continued as the President of the debt-ridden country once again emphasized that they aren’t quite ready to take the “bailout plunge”. Apparently Spain can’t seem to decide whether they would rather take a much-needed handout or simply default, leaving many investors understandably frustrated with the unpredictable nation. And to add insult to injury, today marked the 25 year anniversary of the 1987 stock market crash, aptly dubbed Black Monday [see also How To Pick The Right ETF Every Time]. Global Market Overview: Markets Crushed On Black Monday [...] Click here to read the original article on ETFdb.com. Related Posts: 3 Tech ETFs with 20% Holdings in Apple (and 3 with less than 2%) Daily ETF Roundup: Stocks Slide Into Red Daily ETF Roundup: Jobs Optimism Bolsters Stocks ETF Insider: Technicals Favor Stocks iPath to Reverse Split VXX
Another slew of sour earnings reports rocked Wall Street today, forcing stocks to log their worst single day drop in almost four months. Among today’s disappointments were bellwethers Microsoft (MSFT), General Electric (GE), and McDonald’s (MCD), all of whom posted earnings reports that missed the mark. Meanwhile, U.S. existing home sales for the month of September fell slightly more than expected. Across the Atlantic, the seemingly never-ending Spain debacle continued as the President of the debt-ridden country once again emphasized that they aren’t quite ready to take the “bailout plunge”. Apparently Spain can’t seem to decide whether they would rather take a much-needed handout or simply default, leaving many investors understandably frustrated with the unpredictable nation. And to add insult to injury, today marked the 25 year anniversary of the 1987 stock market crash, aptly dubbed Black Monday [see also How To Pick The Right ETF Every Time]. Global Market Overview: Markets Crushed On Black Monday [...]

Click here to read the original article on ETFdb.com.

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