ETF Trends
04-11-2008, 03:30 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/11/lightbulb.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/11/lightbulb.jpg) General Electric (GE (http://finance.yahoo.com/q?s=GE)) reported disappointing profits today, dimming stocks and exchange traded funds (ETFs).
The reading was weaker than expected, reports Tim Paradis for the Associated Press (http://biz.yahoo.com/ap/080411/wall_street.html). The report sent the markets south, as the company its hands in a wide range of pots: entertainment, finance, health care and more. GE also lowered its projections for the entire year.
The report has analysts worried that other companies are gearing up to paint a similarly gloomy picture.
GE is 2.2% of assets in the Diamonds Trust, Series 1 (DIA (http://finance.yahoo.com/q?s=dia)). The company is one of the original components of the Dow Jones industrial average.
It's also 19.4% of iShares Dow Jones US Industrial (IYJ (http://finance.yahoo.com/q?s=iyj)), which was down nearly 4% midday. GE is the second-largest holding (2.9%) of the SPDRs (SPY (http://finance.yahoo.com/q?s=spy)), down 2% midday.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/268579687/ge-reports-shor.html)
http://www.etftrends.com/images/2008/04/11/lightbulb.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/11/lightbulb.jpg) General Electric (GE (http://finance.yahoo.com/q?s=GE)) reported disappointing profits today, dimming stocks and exchange traded funds (ETFs).
The reading was weaker than expected, reports Tim Paradis for the Associated Press (http://biz.yahoo.com/ap/080411/wall_street.html). The report sent the markets south, as the company its hands in a wide range of pots: entertainment, finance, health care and more. GE also lowered its projections for the entire year.
The report has analysts worried that other companies are gearing up to paint a similarly gloomy picture.
GE is 2.2% of assets in the Diamonds Trust, Series 1 (DIA (http://finance.yahoo.com/q?s=dia)). The company is one of the original components of the Dow Jones industrial average.
It's also 19.4% of iShares Dow Jones US Industrial (IYJ (http://finance.yahoo.com/q?s=iyj)), which was down nearly 4% midday. GE is the second-largest holding (2.9%) of the SPDRs (SPY (http://finance.yahoo.com/q?s=spy)), down 2% midday.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/268579687/ge-reports-shor.html)