The past week was a wild one on Wall Street: the stock market tumble was capped with a disappointing jobs report and a steep slide to finish trading on Friday. After closing out one of the worst months of the past several years, June got off on the wrong foot after an official jobs report showed the fewest gains in a year and the unemployment rate ticked higher to 8.2%. Gold finally regained some of its safe haven appeal, climbing more than 4% on Friday to settle at a multi-week high. It was a rather eventful week for the ETF industry as well, with multiple new product launches, a quiet addition of a much-hyped Facebook into its first ETF, and news of big reductions in fees on a pair of commodity ETPs [for free ETF news and analysis every day, sign up for the ETFdb newsletter]: Facebook (FB) made its [...] Click here to read the original article on ETFdb.com. Related Posts: Updated: Which ETFs Will Own Facebook (And When) May ETF Roundup: Launches, Filings, and Closures Hedge Fund “Clone” ETF Debuts (ALFA) Three ETFs To Watch This Week: EWJ, IAU, SOCL Daily ETF Roundup: GDX Soars On Gold’s Glitter, SPY Drags On Weak Markets
The past week was a wild one on Wall Street: the stock market tumble was capped with a disappointing jobs report and a steep slide to finish trading on Friday. After closing out one of the worst months of the past several years, June got off on the wrong foot after an official jobs report showed the fewest gains in a year and the unemployment rate ticked higher to 8.2%. Gold finally regained some of its safe haven appeal, climbing more than 4% on Friday to settle at a multi-week high. It was a rather eventful week for the ETF industry as well, with multiple new product launches, a quiet addition of a much-hyped Facebook into its first ETF, and news of big reductions in fees on a pair of commodity ETPs [for free ETF news and analysis every day, sign up for the ETFdb newsletter]: Facebook (FB) made its [...]
Click here to read the original article on ETFdb.com.
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