Friday the 13th reared its unlucky head on markets today as equities took a bit hit on some major events. Despite all of the bad news that plagued markets, equities were able to resist a major sell-off that would be expected given the severity of today’s headlines. The Dow lost about 50 points while the S&P 500 dipped by about 0.5%; to put it quite frankly, the day could have been much worse. After Standard and Poor’s announced the official downgrade of France, investors quickly became fearful that the news would infect the markets and spark a sell-off like the one we saw last August when the U.S. suffered a downgrade [see also Analyzing Five High Yielding Oil & Gas Pipeline Stocks]. But all things considering, today’s meager losses can almost be considered a win given that there was an opportunity for them to be more significant. Be advised, however, [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Surges As Weather Breaks, VXX Tanks Despite Market Woes Daily ETF Roundup: UNG Jumps On Economic Hopes, VXX Sinks As Retailers Rise Daily ETF Roundup: VXX Surges On Euro Concerns, UNG Plummets On More Stockpile Issues Daily ETF Roundup: VXX Up On Market Uncertainty, UNG Reels On High Stockpiles Daily ETF Roundup: VXX Slides On Investor Optimism, UNG Soars On Cold Weather Forecast
Friday the 13th reared its unlucky head on markets today as equities took a bit hit on some major events. Despite all of the bad news that plagued markets, equities were able to resist a major sell-off that would be expected given the severity of today’s headlines. The Dow lost about 50 points while the S&P 500 dipped by about 0.5%; to put it quite frankly, the day could have been much worse. After Standard and Poor’s announced the official downgrade of France, investors quickly became fearful that the news would infect the markets and spark a sell-off like the one we saw last August when the U.S. suffered a downgrade [see also Analyzing Five High Yielding Oil & Gas Pipeline Stocks]. But all things considering, today’s meager losses can almost be considered a win given that there was an opportunity for them to be more significant. Be advised, however, [...]
Click here to read the original article on ETFdb.com.
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