The second quarter’s earnings season has gotten off to a rocky start, with lackluster reports and forecasts already bogging down investor sentiments. Blue-chip powerhouse Alcoa posted quarterly losses, while earnings outlooks for the technology and industrial sectors remained rather dour. Despite an initial rally spurred by renewed optimism in Euro Zone’s newest bailout program, U.S. stocks drifted lower: the Dow Jones Industrial Average dropped 0.7%, while the S&P slid 0.8%, and the tech-heavy Nasdaq came in at the bottom of the barrel with a 1% loss [see also 3 Europe ETFs Holding Their Ground In 2012]. After coming under recent scrutiny of investors around the globe, China’s economy was once again in the spotlight today. China’s trade balance was reported at $31.73 billion, well above analysts’ expectations. Taking a closer look at the data, however, reveals that the large increase primarily arose from a significant slowdown in imports, as well [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Pops On Warm Weather, VXX Drops Daily ETF Roundup: UNG Soars On Natural Gas Inventory, VXX Sinks Lower Daily ETF Roundup: VXX Soars On Spain Bailout, UNG Sinks Lower Daily ETF Roundup: UNG Jumps, VXX Falls Daily ETF Roundup: UNG Pops, VXX Drops