American equity markets were crushed in Thursday’s trading session as fears of a double-dip recession hit the market hard. The Dow finished the day down just over 3.5% while the broader indexes managed to post slightly better days, losing 3.3% for the Nasdaq and 3.2% for the S&P 500. Obviously, losses were pretty bad all around, but financials and basic materials definitely stuck out on the downside, while some consumer and health care names held up better than most but were still down at least 2% across the board. In commodity markets, it was a sea of red as investors scrambled for dollars and jumped out of risky commodities in droves. Gold fell by close to $70/oz., down below the $1,740 mark, while oil plunged, sinking by almost 6.5% or close to $5.60/bbl. In addition to these headline products, copper plunged by close to 8.7%, while silver crashed by nearly 11.3% [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Sinks On Market Optimism, EWY Rises On Demand For Risky Assets Daily ETF Roundup: EWY Tumbles On Risk Aversion, VXX Soars On European Uncertainty Daily ETF Roundup: EWY Tumbles, VXX Skyrockets On Libyan Protests Three ETFs To Watch This Week: EWY, PALL, VXX Daily ETF Roundup: VXX Soars On Market Woes, EWZ Dives On Europe Concerns
American equity markets were crushed in Thursday’s trading session as fears of a double-dip recession hit the market hard. The Dow finished the day down just over 3.5% while the broader indexes managed to post slightly better days, losing 3.3% for the Nasdaq and 3.2% for the S&P 500. Obviously, losses were pretty bad all around, but financials and basic materials definitely stuck out on the downside, while some consumer and health care names held up better than most but were still down at least 2% across the board. In commodity markets, it was a sea of red as investors scrambled for dollars and jumped out of risky commodities in droves. Gold fell by close to $70/oz., down below the $1,740 mark, while oil plunged, sinking by almost 6.5% or close to $5.60/bbl. In addition to these headline products, copper plunged by close to 8.7%, while silver crashed by nearly 11.3% [...]
Click here to read the original article on ETFdb.com.
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