Stock markets kicked off the week on a fairly dismal note as Euro zone woes resurfaced over the weekend. On the home front, the Dow Jones Industrial Average and Nasdaq both lost 0.13% on the day, while the S&P 500 clawed its way back up, shedding just 0.04% as the trading session drew to a close. Rising tension overseas spilled over into the currency markets, pushing the U.S. dollar higher; likewise, gold prices encountered selling pressures and futures contracts for the precious metal lost about 1% on the day, closing near $1,720 an ounce [see also Thoughts On The New Gold Miners ETF]. The euro dropped on Monday as investors reacted to the latest delay in negotiations; investor worries intensified after Greek leaders failed to reach a unified agreement in securing a bailout package for the debt burdened nation [see ETF Insider: Will Euro Woes Rain On The Bull's Parade?]. [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: FXI Jumps On Credit Plan, UNG Slumps On Mild Weather Daily ETF Roundup: UNG Sinks On Storage Report, FXI Rises On Industrial Strength Daily ETF Roundup: UNG Stumbles, FXI Jumps Higher Daily ETF Roundup: UNG Soars, FXI Slides Daily ETF Roundup: UNG Soars, FXI Tumbles
Stock markets kicked off the week on a fairly dismal note as Euro zone woes resurfaced over the weekend. On the home front, the Dow Jones Industrial Average and Nasdaq both lost 0.13% on the day, while the S&P 500 clawed its way back up, shedding just 0.04% as the trading session drew to a close. Rising tension overseas spilled over into the currency markets, pushing the U.S. dollar higher; likewise, gold prices encountered selling pressures and futures contracts for the precious metal lost about 1% on the day, closing near $1,720 an ounce [see also Thoughts On The New Gold Miners ETF]. The euro dropped on Monday as investors reacted to the latest delay in negotiations; investor worries intensified after Greek leaders failed to reach a unified agreement in securing a bailout package for the debt burdened nation [see ETF Insider: Will Euro Woes Rain On The Bull's Parade?]. [...]
Click here to read the original article on ETFdb.com.
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