Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares QQQ ( QQQ ), where 12,800,000 units were destroyed, or a 2.6% decrease week
GameStop’s ( GME ) stock plunged by 8% on January 7, as Sony announced a cloud based gaming service, Playstation Now. The project will leverage Gaikai’s streaming technology to allow gamers to play popular Playstation 3 games on PS3
U.S. stock futures were mixed Wednesday, with the Dow Jones Industrial Average and the S&P 500 edging lower and the Nasdaq 100 slightly higher, ahead of the 2 p.m. release of the U.S. Federal Reserve’s minutes from the FOMC