Equity markets got off to a choppy start as major indexes oscillated between minor gains and losses throughout the first trading day of the week. Investor sentiment turned for the worst on Monday as resurfacing Greek debt woes brought the limelight onto the debt burdened currency bloc once again. Stocks tipped to the downside as the U.S. dollar appreciated in the currency markets; the S&P 500 led the way lower with a 0.25% loss on the day, while the Dow Jones Industrial Average proved most resilient, shedding only 0.05% [see also ETF Insider: Bears Are Lurking Around The Corner]. Gains were sparse on Monday as investors digested mixed economic news on all fronts. At home, investors rejoiced over the latest personal income data, which came in at 0.5%, beating the previous reading of 0.1%. On the other hand, consumer discretionary stocks fell as consumer spending in the U.S. came to [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VGK Climbs On Euro Hopes, VXX Sinks As Sentiment Improves Daily ETF Roundup: VXX Feeds On Market Woes, VGK Tanks On Europe Action Daily ETF Roundup: VGK Rises On Euro Stability, VXX Plunges On Improving Confidence Daily ETF Roundup: VGK Soars As Berlusconi Resigns, VXX Tumbles On Market Strenght Daily ETF Roundup: VGK Rises On Rate Cut And Greek Flip Flow, VXX Sinks On Euro Euphoria
Equity markets got off to a choppy start as major indexes oscillated between minor gains and losses throughout the first trading day of the week. Investor sentiment turned for the worst on Monday as resurfacing Greek debt woes brought the limelight onto the debt burdened currency bloc once again. Stocks tipped to the downside as the U.S. dollar appreciated in the currency markets; the S&P 500 led the way lower with a 0.25% loss on the day, while the Dow Jones Industrial Average proved most resilient, shedding only 0.05% [see also ETF Insider: Bears Are Lurking Around The Corner]. Gains were sparse on Monday as investors digested mixed economic news on all fronts. At home, investors rejoiced over the latest personal income data, which came in at 0.5%, beating the previous reading of 0.1%. On the other hand, consumer discretionary stocks fell as consumer spending in the U.S. came to [...]
Click here to read the original article on ETFdb.com.
Related Posts:
