Stocks on Wall Street extended their losing streak from last week as the ongoing political gridlock in Greece continues to weigh down on investors’ confidence. On the home front, profit taking pressures hit the S&P 500 Index the hardest, dragging it down by 1.11% on the day, while the Dow Jones Industrial Average fared slightly better, shedding 0.98% on the day. Amidst the looming uncertainties, gold also fell victim to profit taking; futures prices for the precious yellow metal slid roughly 2% on the session, settling near $1,560 an ounce [see also ETF Insider: Beware Of Bargain Shopping]. With no major economic data releases taking place on the home front this Monday, investors focused their attention overseas, where developments remain clouded with uncertainty. Madelynn Matlock of Huntington Asset Advisors, commented, “The whole European political situation is really the focus at this point. Nobody really knows what’s going to happen next and the market [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: EWZ Rises With Risk Appetite, VXX Drops On Greek Deal Daily ETF Roundup: EWZ Gains On Real Strength, VXX Falters On Market Win Daily ETF Roundup: VXX Soars On European Uncertainty, EWZ Slumps On Inflation Forecast September’s ETF Studs: Five Funds That Thrived During A Wild Month Daily ETF Roundup: VXX Continues Slide On Solid Data, EWZ Surges On Lower Rate Hopes
Stocks on Wall Street extended their losing streak from last week as the ongoing political gridlock in Greece continues to weigh down on investors’ confidence. On the home front, profit taking pressures hit the S&P 500 Index the hardest, dragging it down by 1.11% on the day, while the Dow Jones Industrial Average fared slightly better, shedding 0.98% on the day. Amidst the looming uncertainties, gold also fell victim to profit taking; futures prices for the precious yellow metal slid roughly 2% on the session, settling near $1,560 an ounce [see also ETF Insider: Beware Of Bargain Shopping]. With no major economic data releases taking place on the home front this Monday, investors focused their attention overseas, where developments remain clouded with uncertainty. Madelynn Matlock of Huntington Asset Advisors, commented, “The whole European political situation is really the focus at this point. Nobody really knows what’s going to happen next and the market [...]
Click here to read the original article on ETFdb.com.
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