Selling pressures tipped the market south right from the opening bell as ongoing Euro zone woes made way for the bears on Wall Street. Investors’ sentiment declined as worries overseas intensified after ECB President Mario Draghi put a damper on hopes that the central bank would extend its bond purchasing program to help out the debt burdened member nations. U.S. stocks started the week in a hole so to speak, with the Nasdaq down 1.26% on the day, while the Dow Jones Industrial Average proved most resilient, shedding 0.84%. Surprisingly, gold held its ground quite well amidst the uncertainty; futures prices for the yellow metal drifted sideways for the majority of the day, settling near $1,595 an ounce as the trading session drew to a close [see ETF Insider: Will Holiday Cheer Be Enough?] . On the home front, investors will turn their attention to the latest U.S. housing starts [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Will Holiday Cheer Be Enough? Thursday’s ETF Chart To Watch: State Street SPDR Homebuilders ETF (XHB) ETF Insider: Which Way Will The Bulls Run? ETF Insider: Markets At Fed’s Mercy Three ETFs To Watch This Week: XHB, UUP, IGV
Selling pressures tipped the market south right from the opening bell as ongoing Euro zone woes made way for the bears on Wall Street. Investors’ sentiment declined as worries overseas intensified after ECB President Mario Draghi put a damper on hopes that the central bank would extend its bond purchasing program to help out the debt burdened member nations. U.S. stocks started the week in a hole so to speak, with the Nasdaq down 1.26% on the day, while the Dow Jones Industrial Average proved most resilient, shedding 0.84%. Surprisingly, gold held its ground quite well amidst the uncertainty; futures prices for the yellow metal drifted sideways for the majority of the day, settling near $1,595 an ounce as the trading session drew to a close [see ETF Insider: Will Holiday Cheer Be Enough?] . On the home front, investors will turn their attention to the latest U.S. housing starts [...]
Click here to read the original article on ETFdb.com.
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