American stocks faced weakness in Thursday trading as all of the major benchmarks slumped into the red on the day. The Dow fell by roughly 1% while the S&P 500 and the Nasdaq sank by more, falling by 1.2% and 1.3%, respectively. Weakness permeated all sectors of the market, but consumer goods managed to do better than most while financials and tech led on the downside. Commodities mostly trended lower as well, as the headline commodities of gold and oil both fell slightly with gold falling by 0.2% and crude oil dropping by just a penny. Losses were also seen in the softs corner of the market, as losses of at least 3.7% were seen in the wheat and corn markets to open up the month. The U.S. dollar index, on the other hand, gained on the day as the benchmark rose by $0.35 against the world’s major currencies. The dollar gained [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Skyrockets On Market Crash, PBW Plummets On Slowdown Fears Daily ETF Roundup: PBW Tanks On Risk Aversion & Oil, VXX Jumps On Continued Uncertainty Daily ETF Roundup: VXX Surges On Debt Uncertainty, PBW Sinks On Solar Worries Daily ETF Roundup: VXX Surges After Bernanke Testimony, PBW Sinks On Lower Oil And Subsidy Fears This Week in ETFs: April 23rd Edition
American stocks faced weakness in Thursday trading as all of the major benchmarks slumped into the red on the day. The Dow fell by roughly 1% while the S&P 500 and the Nasdaq sank by more, falling by 1.2% and 1.3%, respectively. Weakness permeated all sectors of the market, but consumer goods managed to do better than most while financials and tech led on the downside. Commodities mostly trended lower as well, as the headline commodities of gold and oil both fell slightly with gold falling by 0.2% and crude oil dropping by just a penny. Losses were also seen in the softs corner of the market, as losses of at least 3.7% were seen in the wheat and corn markets to open up the month. The U.S. dollar index, on the other hand, gained on the day as the benchmark rose by $0.35 against the world’s major currencies. The dollar gained [...]
Click here to read the original article on ETFdb.com.
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