American equity markets slumped to start the week as fresh concerns over a possible Greek default shook investor confidence once again. The Dow finished the day down just over 100 points while the S&P 500 fell by 1% and the Nasdaq beat the other two indexes, slumping by 0.4% in the session. Losses were especially bad in the financial and basic materials sectors while tech was more mixed and utilities held up strongly as well. In commodity markets, the headliners of gold and oil both fell on the day as gold sank by 1.7% and oil declined by over $2/bbl. finishing the day just under the $85.80 mark. Other commodities also experienced broad weakness as most of the softs finished lower, industrial metals declined, and energy products, save for natural gas, finished in the red as well. In currency trading, the U.S. dollar strengthened broadly against many of its rivals, [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Sinks On French Plan For Greece, FXI Rises On Declining Inflation Fears Daily ETF Roundup: FXI Surges On Emerging Market Reversal, VXX Tumbles On Rising Market December ETF Roundup: $1 Trillion And Counting Daily ETF Roundup: FXI Sinks, VXX Soars Daily ETF Roundup: FXI Surges, VXX Crumbles
American equity markets slumped to start the week as fresh concerns over a possible Greek default shook investor confidence once again. The Dow finished the day down just over 100 points while the S&P 500 fell by 1% and the Nasdaq beat the other two indexes, slumping by 0.4% in the session. Losses were especially bad in the financial and basic materials sectors while tech was more mixed and utilities held up strongly as well. In commodity markets, the headliners of gold and oil both fell on the day as gold sank by 1.7% and oil declined by over $2/bbl. finishing the day just under the $85.80 mark. Other commodities also experienced broad weakness as most of the softs finished lower, industrial metals declined, and energy products, save for natural gas, finished in the red as well. In currency trading, the U.S. dollar strengthened broadly against many of its rivals, [...]
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