MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 19, 2012 Bad Google: Fat-Fingered Results Shake Two ETFs It's not often financial reporters write bad things about Google, but yesterday was one of those days. And the bad news even extended to ETFs. Two ETFs with large allocations the tech giant were affected by the company's slacking results. Benzinga reports that the First Trust Dow Jones Internet Index Fund (FDN) and PowerShares NASDAQ Internet Portfolio (PNQI) were both hit. FDN's trading volume went down 1.6 percent midday. According to the report, shares of Google were halted by the request of the company. PNQI's trading volume also went down almost 2 percent which is 50 percent higher than usual. Google's revenue was pegged at $11.33 billion, which is lower than the $11.86 billion predicted by analysts. Printed from: MFWire.com/story.asp?s=41718 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |