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September 15, 2008 is a date that will forever be ingrained in Wall Street’s memory, as this day marked the pivotal turning point of what would eventually become the worst financial crisis the U.S. has seen since the Great Depression. Though the dire state of the U.S. financial system had already become apparent to many in the industry, the fall of Lehman Brothers ultimately sealed the country’s fate, setting off a chain of events that affected everyone from Wall Street to Main Street. Though five years have passed since the 158-year-old investment bank filed for bankruptcy, the aftermath of the “Great Recession” can still be felt to this day [see ETFs That Lost 50% In a Single Year]. [click to continue…]

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The financial sector at one time seemed like it could do no wrong. Revenue and earnings seemed to go up every year and the sector seemed like the most solid investment around. The financial crisis of 2008 showed that this sector wasn’t immune to financial woes, and investors are still leery of investing too heavily, even though many of these companies have skyrocketed off 2008 and 2009 lows. ETFs offer a way to gain a diversified portfolio of financial sector stocks, letting you pick the type of global or domestic exposure you want and the types of financial companies you want to be primarily focused in [see also Select Sector SPDR ETFs Head-To-Head]. [click to continue…]

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Earlier this week, aluminum giant Alcoa (AA) unofficially kicked off the Q2 2013 earnings season – posting both hits and misses. After the closing bell on Monday, the company reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether’s EPS at a mere 7 cents per share. Alcoa’s EPS did, however, manage […]

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Bulls finally came off the sidelines today, pushing both the Dow and S&P 500 to five-year highs in yet another choppy trading session. On the economic front, the National Federation of Independent Business’s small-business optimism index rose less than expected for the month of January, while the number of U.S. job openings came in lower […]

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Equities made their biggest one-day gain today since the Fed announced QE3 last month. Fueling the rally was better-than-expected earnings reports from bellwethers Johnson & Johnson and Goldman Sachs. Helping drive markets higher was a rather cheery report from the housing and industrial sector; the National Association of Home Builders reported that confidence of home […]

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The bulls jumped into Citigroup (C) today after Wall Street icon Vikram Pandit stepped down as the bank’s chief executive officer. Shares of Citigroup soared to a high of $37.40 on the day bolstered by record trading volumes as investors expressed their improving outlook for the banking giant. The rather surprising departure of Pandit came […]

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3 Surprising A+ ETFs

by on August 16, 2012 | Updated August 27, 2012

Cost-efficiency  and ease-of-use remain dominant themes in the ETF industry as investors of all walks have found themselves using this product wrapper. Everyone from active traders to buy-and-hold investors has embraced the exchange-traded product structure as the preferred vehicle when it comes to tapping into virtually any asset class. As with any financial instrument, however, with innovation […]

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Back-and-forth trading was the dominant theme yesterday as investors digested Ben Bernanke’s testimony before congress along with quarterly corporate performance results. Selling pressures kicked off the day as anticipation surrounding a possible announcement of QE3 intensified leading up to the Chairman’s testimony. Markets were quick to change direction, however, as investors re-focused their attention on better-than-expected […]

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With U.S. markets taking a holiday on Martin Luther King Jr. day, today will mark the first reaction to Friday’s downgrade. After market close on Friday, Standard and Poor’s downgraded the debts of nine European countries, including the AAA-rated France and Austria. Friday’s market were already down on the news that France took a hit, […]

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After a bit of a summer slowdown, product development activity in the ETF industry has regained full speed. After a busy October, the month of November also saw the debut of a number of first-to-market ideas from a variety of ETF issuers, as well as a continued filling of the product pipeline with some intriguing […]

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It’s All Greek To Me

by on November 5, 2011

Euro zone debt woes took investors for another roller coaster ride as uncertainty from overseas led to volatile trading across equity markets all over the globe. Investors were spooked early in the week after Greek Prime Minister George Papandreou announced a proposal for a referendum to the three-pronged “bailout plan” proposed by EU leaders earlier […]

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PowerShares made a splash with the launch of four new exchange-traded products on Tuesday, rolling out a suite of financials-focused funds linked to indexes maintained by KBW. The new products will be linked to benchmarks that had historically been replicated by State Street ETFs, but that were dropped recently as the issuer made a switch […]

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