Markets were in for a wild ride during this holiday-shortened week, ending in red territory as a slew of sour economic data spurred a broad market sell off across the globe. Right on the heels of yesterday’s major central bank decision announcements, investors were met with even more unsettling reports showing signs of a struggling U.S. labor market. As markets continue to be hypersensitive to the latest news concerning the health of the global economy, stocks failed to climb into positive territory: the Dow Jones Industrial Average tumbled 1.1%, while the S&P shed 1.1%, and Nasdaq landed at the bottom of the barrel with a loss of 1.5% [see also 10 Surprising ETF Stats From Mid Year ETF Data]. Today’s Labor Department monthly report came in much below economists’ projections, showing an increase of 80,000 for nonfarm payroll growth as opposed to the expected 100,000 increase. The lackluster report sent investors flocking [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Surges On Production Cuts, UUP Falls On Lackluster GDP Daily ETF Roundup: UUP Sinks On Poor Data, UNG Soars On Hot Forecast Daily ETF Roundup: UNG Surges On Inventory Report, UUP Falls On Yen Strength Daily ETF Roundup: UNG Surges, UUP Sinks Daily ETF Roundup: UUP Sinks, UNG Soars
Markets were in for a wild ride during this holiday-shortened week, ending in red territory as a slew of sour economic data spurred a broad market sell off across the globe. Right on the heels of yesterday’s major central bank decision announcements, investors were met with even more unsettling reports showing signs of a struggling U.S. labor market. As markets continue to be hypersensitive to the latest news concerning the health of the global economy, stocks failed to climb into positive territory: the Dow Jones Industrial Average tumbled 1.1%, while the S&P shed 1.1%, and Nasdaq landed at the bottom of the barrel with a loss of 1.5% [see also 10 Surprising ETF Stats From Mid Year ETF Data]. Today’s Labor Department monthly report came in much below economists’ projections, showing an increase of 80,000 for nonfarm payroll growth as opposed to the expected 100,000 increase. The lackluster report sent investors flocking [...]
Click here to read the original article on ETFdb.com.
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