NEW YORK ( ETF Digest) -- Stocks were lower led lower by tech as Apple (AAPL) shares saw sharp selling after the NY Times noted how it and other tech giants use loopholes to avoid taxes. You shocked? I should think not. Banks (KBE) and Materials (XLB) were also weaker on the session.This should be an eventful week for markets as we close April but then are bombarded by some heavy duty economic indicators. Monday featured the Chicago PMI came in cold (56.2 vs 60.8 expected & prior 62.2); Dallas Fed Survey showed economic weakness; and, Personal Income & Spending was a touch better than expected (.Income 4% vs. .3% expected while Spending .3% vs.4% previous). Tuesday is the important ISM Survey, which should confirm weakness, while employment data (ADP Report Wednesday; Jobless Claims Thursday; and, the all-important Payrolls Report Friday) will then be much featured.
See more details DIA - Dow Diamonds seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Dow Jones Industrial AverageSM.
See more details IWM - The iShares Russell 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2,000 smallest companies in the Russell 3000 Index.
See more details QQQ - PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund. PowerShares QQQ¿, formerly known as "QQQ" or the "NASDAQ- 100 Index Tracking Stock®", is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The portfolio is rebalanced quarterly and reconstituted annually.
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