Daily ETF Roundup: Fiscal Cliff Concerns Overshadow Positive Data

After a seesaw trading day, markets managed to claw their way into positive territory, as investors cooled off from the vicious post-election sell off. Equities lost most of their earlier gains today after the President gave his first speech since re-election. Obama indicated that he is “open to new ideas” on coming up with a viable resolution to the impending Fiscal Cliff, though he remained adamant on his plan to increase taxes on people in higher income brackets. Investors, however, remain seemingly unconvinced that the President will be able to come to a bipartisan agreement between the split congress. [see also How To Pick The Right ETF Every Time]. Global Market Overview: Fiscal Cliff Concerns Overshadow Positive Data Somewhat bouyed by positive readings on U.S. consumer sentiment and wholesale inventories, all three major U.S. indexes managed to inch their way into positive territory. Tech-heavy Nasdaq (QQQ) came out on top, gaining 0.32% during the session. The Dow Jones Industrial Average [...] Click here to read the original article on ETFdb.com. Related Posts: Obama Victory Puts Healthcare ETFs In Focus Agriculture ETFs Take Different Paths In 2012 ETF Insider: Take Profits In A Sideways Market ETF Insider: Beware Of Earnings Volatility ETF Insider: Markets Clear Technical Hurdle