Today was another dismal trading day with markets selling off viciously as the session came to a close. The Dow lobbed off 156 points and the S&P 500 sank by about 1.5%. That marks 11 losing days out of the last 12 for the Dow. Benchmarks were extremely skittish today as it seems more and more likely that Greece will be exiting the euro zone, spooking many that a full-fledged global crisis is just around the corner. Tech investors were also notified that tomorrow’s Facebook IPO (FB) will be priced at $38 per share, as many debate over whether or not they will be buying in or shying away [see also Which ETFs Will Own Facebook (And When)]. On the commodity side of the equation, gold finally saw an up day, as its price finally broke out of its rut. Crude oil, on the other hand, remains in the doldrums [...] Click here to read the original article on ETFdb.com. Related Posts: Seven Surprising ETF Performance Comparisons ETF Insider: Will Holiday Cheer Be Enough? What’s The Difference? Understanding What Distinguishes Similar ETFs Ten Best ETF Performers Over The Last Five Years (Including A Few Surprises) These Aren’t Your Grandfather’s Gold ETFs
Today was another dismal trading day with markets selling off viciously as the session came to a close. The Dow lobbed off 156 points and the S&P 500 sank by about 1.5%. That marks 11 losing days out of the last 12 for the Dow. Benchmarks were extremely skittish today as it seems more and more likely that Greece will be exiting the euro zone, spooking many that a full-fledged global crisis is just around the corner. Tech investors were also notified that tomorrow’s Facebook IPO (FB) will be priced at $38 per share, as many debate over whether or not they will be buying in or shying away [see also Which ETFs Will Own Facebook (And When)]. On the commodity side of the equation, gold finally saw an up day, as its price finally broke out of its rut. Crude oil, on the other hand, remains in the doldrums [...]
Click here to read the original article on ETFdb.com.
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