The sell-off on Wall Street persisted for another today as ongoing political uncertainty in Greece continues to plague investors’ confidence. At home, major equity indexes tumbled lower across the board as profit taking pressures hit hard right from the opening bell; the Dow Jones Industrial Average was the worst performer on Wall Street, shedding 0.75% on the day, while the Nasdaq proved to be a bit more resilient, losing only 0.39% as the trading session drew to a close [see also Have Gold ETFs Lost Their Luster?]. A worse-than-expected wholesale inventories report on the home front went largely unnoticed as looming Euro zone debt drama stole the headlines. Stocks around the globe slid lower as political turmoil prompted European nations to debate whether or not to delay Greece’s next aid payment. James Dunigan, chief investment officer in Philadelphia for PNC Wealth Managemented, commented “We expected there would be flare-ups again in Europe. People were scratching their [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VGK Rises After Eurozone Elections, VXX Turns Lower Daily ETF Roundup: VXX Surges, USO Capsizes Daily ETF Roundup: UNG Pops, VXX Drops ETF Insider: Opportunities In A Pullback Five Important ETF Lessons (Picture Edition)
The sell-off on Wall Street persisted for another today as ongoing political uncertainty in Greece continues to plague investors’ confidence. At home, major equity indexes tumbled lower across the board as profit taking pressures hit hard right from the opening bell; the Dow Jones Industrial Average was the worst performer on Wall Street, shedding 0.75% on the day, while the Nasdaq proved to be a bit more resilient, losing only 0.39% as the trading session drew to a close [see also Have Gold ETFs Lost Their Luster?]. A worse-than-expected wholesale inventories report on the home front went largely unnoticed as looming Euro zone debt drama stole the headlines. Stocks around the globe slid lower as political turmoil prompted European nations to debate whether or not to delay Greece’s next aid payment. James Dunigan, chief investment officer in Philadelphia for PNC Wealth Managemented, commented “We expected there would be flare-ups again in Europe. People were scratching their [...]
Click here to read the original article on ETFdb.com.
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