China’s Tightening Hits Markets and ETFs
Thursday, March 11th, 2010
Tom Lydon (ETF Trends) submits:
Wall Street and exchange traded funds are continuing the trend seen all this week, at least in early trading: tight ranges wavering between positive and negative. The cause? A jobs report that was decent, but not what economists were hoping for.
Filings for unemployment benefits fell for the first time by 6,000. Economists were expecting a bigger drop, so the news was greeted with shrugs. Although it’s not thrilling, it’s being taken as a sign that the labor market is easing up. Even small improvements are moves in the right direction.
