This week started on a down note as investors once again reassessed the likelihood of a European contagion, pushing equities broadly lower in the process. The Dow finished the day lower by about 2.1% while the broader benchmarks turned in slightly better performances as the tech heavy Nasdaq fell by about 2.0% in comparison while the S&P 500 slumped by 1.9%. Losses were pretty widespread on the day but the heaviest declines seemed to be in the financial, and basic materials sectors while some in the services and utilities space managed to hold their ground in Monday trading. Commodities also saw some degree of weakness as the headliners of gold and oil both fell slightly on the day. Most of the other resources trended lower on the session with energy products leading the way on the downside, closely followed by the riskiest of soft commodities as well as industrial metals. Wheat, corn, [...] Click here to read the original article on ETFdb.com. Related Posts: September’s ETF Studs: Five Funds That Thrived During A Wild Month Daily ETF Roundup: VXX Continues Slide On Solid Data, EWZ Surges On Lower Rate Hopes Daily ETF Roundup: VXX Soars On Market Woes, EWZ Dives On Europe Concerns ETF Insider: The Dust Has Yet To Settle Daily ETF Roundup: EWZ Up On Inflation Report, VXX Finally Reverses On Jobs Report
This week started on a down note as investors once again reassessed the likelihood of a European contagion, pushing equities broadly lower in the process. The Dow finished the day lower by about 2.1% while the broader benchmarks turned in slightly better performances as the tech heavy Nasdaq fell by about 2.0% in comparison while the S&P 500 slumped by 1.9%. Losses were pretty widespread on the day but the heaviest declines seemed to be in the financial, and basic materials sectors while some in the services and utilities space managed to hold their ground in Monday trading. Commodities also saw some degree of weakness as the headliners of gold and oil both fell slightly on the day. Most of the other resources trended lower on the session with energy products leading the way on the downside, closely followed by the riskiest of soft commodities as well as industrial metals. Wheat, corn, [...]
Click here to read the original article on ETFdb.com.
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