Uncertainty at home sparked a rampant sell-off across virtually every corner of the equity market as investor worries surrounding the domestic debt drama escalated. The supercommittee reportedly failed to reach an agreement, which inevitably sent many running for the hills as ongoing Euro zone deficit woes only added to the cloud of uncertainty looming over both sides of the Atlantic ocean [see ETF Insider: Will The Supercommittee Surprise?]. Oil was fairly resilient, managing to hold its ground and slip lower by just a few points, ending the day near $97.50 a barrel. Gold on the other hand failed to take on safe haven appeal and plunged lower alongside equity indexes. Prices for the precious yellow metal settled near $1,680 an ounce as the trading session drew to a close. Investors will shift their focus onto Wall Street this morning as the U.S. GDP report comes out, which makes the State [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Will The Supercommittee Surprise? October ETF Data: Surge In Inflows, Back Above $1 Trillion Alternatives To The 20 Most Popular ETFs Wednesday’s ETF Chart To Watch: Dow Jones Industrial Average ETF (DIA) ETF Insider: Greece Flirts With Default
Uncertainty at home sparked a rampant sell-off across virtually every corner of the equity market as investor worries surrounding the domestic debt drama escalated. The supercommittee reportedly failed to reach an agreement, which inevitably sent many running for the hills as ongoing Euro zone deficit woes only added to the cloud of uncertainty looming over both sides of the Atlantic ocean [see ETF Insider: Will The Supercommittee Surprise?]. Oil was fairly resilient, managing to hold its ground and slip lower by just a few points, ending the day near $97.50 a barrel. Gold on the other hand failed to take on safe haven appeal and plunged lower alongside equity indexes. Prices for the precious yellow metal settled near $1,680 an ounce as the trading session drew to a close. Investors will shift their focus onto Wall Street this morning as the U.S. GDP report comes out, which makes the State [...]
Click here to read the original article on ETFdb.com.
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