Greek drama is the name of the game. Selling forces prevailed for yet another day on Wall Street as uncertainty climbed following the latest decision to host another round of elections in Greece. On the home front, the S&P 500 Index led the way lower, sinking by 0.57% on the day, while the Nasdaq proved most resilient, shedding just 0.30%. Gold and oil extended their losses as well, settling near $1,545 an ounce and $93 a barrel respectively [see also How To Hedge For A Market Correction With ETFs]. Better-than-expected economic data releases on the home front went largely unnoticed given the clouds of uncertainty looming over Europe. On the home front, retail sales grew by 0.1% in April, sailing past analyst estimates which called for a flat reading. The Empire State Index came in at 17.1, blowing past estimates of 9.5, as well as the previous reading of 6.6. To top [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Inches Up, GDX Continues To Sink 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
Greek drama is the name of the game. Selling forces prevailed for yet another day on Wall Street as uncertainty climbed following the latest decision to host another round of elections in Greece. On the home front, the S&P 500 Index led the way lower, sinking by 0.57% on the day, while the Nasdaq proved most resilient, shedding just 0.30%. Gold and oil extended their losses as well, settling near $1,545 an ounce and $93 a barrel respectively [see also How To Hedge For A Market Correction With ETFs]. Better-than-expected economic data releases on the home front went largely unnoticed given the clouds of uncertainty looming over Europe. On the home front, retail sales grew by 0.1% in April, sailing past analyst estimates which called for a flat reading. The Empire State Index came in at 17.1, blowing past estimates of 9.5, as well as the previous reading of 6.6. To top [...]
Click here to read the original article on ETFdb.com.
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