Stock, Metals ETFs Fall on Supercommittee Failure
November 21, 2011 at 07:13 AM EST
Exchange traded funds tracking global stocks and precious metals were set for steep losses Monday on news the congressional “supercommittee” charged with cutting the U.S. deficit will announce it can’t reach a deal. SPDR S&P 500 ETF (NYSEArca: SPY) was off 1.7% in premarket trading. Dow futures...