Daily ETF Roundup: JJC Tumbles, BLV Rises

U.S. markets plunged across the board, as rate hike fears in Asia compounded with Irish sovereign debt issues to spook American investors. The Dow and S&P 500 both tumbled by 1.6% on the day, while the the tech heavy Nasdaq was especially hard hit and slid by 1.8%. Commodity markets experienced yet another down session as gold fell by more than 2% and oil sank by 3% on the day. These losses helped to push many traders into the bond market as T-bill prices regained much of the ground lost in Monday trading, which also boosted the fortunes of the U.S. dollar. The greenback showed strength against many rival currencies, including large gains against the pound and euro. Today’s big news came out of Asia, where a 25 basis point rate hike by the South Korean central bank sent fears into the market as many traders worried that China would also [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: JJC Tumbles, VXX Rises Daily ETF Roundup: UNG Tumbles, VXX Rises Daily ETF Roundup: VXX Soars, DBA Tumbles