Daily ETF Roundup: VXX Inches Up, GDX Continues To Sink

By: ETFdb
Stocks extended their losses from yesterday as the bears stuck around on Wall Street. Selling pressures carried over as investors were quite displeased to hear from the FOMC on Tuesday that additional stimulus measures would be unlikely at this time. Profit taking continued as investors dialed back their risk appetites even further; the Nasdaq led the way lower, losing 1.46% on the day, while the Dow Jones Industrial Average proved most resilient, shedding just 0.95% [see also 5 ETF Plays For Doomsday Predictions]. Aside from the disappointment arising from the latest FOMC meeting, investors also fretted over worse-than-expected economic data. The March ADP employment report showed a payroll increase of 209,000 in the private-sector, which unfortunately fell short of the previous reading of 230,000. The ISM Services Index also fell short of analyst expectations; the figure came in at 56%, versus last month’s reading of 57.3% [see also ETFs For Your Inner Bear]. The [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Jumps After FOMC Meeting, GDX Plunges With Gold Daily ETF Roundup: VXX Pops, GDX Drops As Stocks Retreat Daily ETF Roundup: GDX Jumps, VXX Falters Despite Weak Equities Daily ETF Roundup: VXX Jumps, GDX Slumps Seven Surprising ETF Performance Comparisons
Stocks extended their losses from yesterday as the bears stuck around on Wall Street. Selling pressures carried over as investors were quite displeased to hear from the FOMC on Tuesday that additional stimulus measures would be unlikely at this time. Profit taking continued as investors dialed back their risk appetites even further; the Nasdaq led the way lower, losing 1.46% on the day, while the Dow Jones Industrial Average proved most resilient, shedding just 0.95% [see also 5 ETF Plays For Doomsday Predictions].  Aside from the disappointment arising from the latest FOMC meeting, investors also fretted over worse-than-expected economic data. The March ADP employment report showed a payroll increase of 209,000 in the private-sector, which unfortunately fell short of the previous reading of 230,000. The ISM Services Index also fell short of analyst expectations; the figure came in at 56%, versus last month’s reading of 57.3% [see also ETFs For Your Inner Bear].  The [...]

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