In yet another session plagued by European doubts, American equity markets slumped in Wednesday’s trading as more worries over a Greek default hit markets. The Dow finished the session down about 1.6% while the broader indexes saw worse days as the S&P 500 and the Nasdaq fell by 2.1% and 2.2%, respectively. These heavy losses came in pretty much every sector although some names in the tech and services space did perform better than most, led by Amazon which gained close to 2.5% on news of its Kindle Fire product. In commodity markets, weakness was in the key products of oil and gold as these two commodities declined by 2.4% and 4.3%, respectively. This led to losses in a variety of other resources as well as all of the softs and energy finished the day in the red, capped by 3% losses in both Kansas City wheat and soybeans. In [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Tumbles On Market Optimism, DBB Rises On Chinese Data Daily ETF Roundup: VXX Falls On Rising Market, DBB Jumps On Copper’s Advance Daily ETF Roundup: DBB Rises On Copper’s Strength, VXX Falls On Market’s Rebound Half Year In Review: Six ETF Stories From The First Six Months of ’09 Daily ETF Roundup: VXX Slides On European Hopes, FXI Jumps On Risky Asset Demand
In yet another session plagued by European doubts, American equity markets slumped in Wednesday’s trading as more worries over a Greek default hit markets. The Dow finished the session down about 1.6% while the broader indexes saw worse days as the S&P 500 and the Nasdaq fell by 2.1% and 2.2%, respectively. These heavy losses came in pretty much every sector although some names in the tech and services space did perform better than most, led by Amazon which gained close to 2.5% on news of its Kindle Fire product. In commodity markets, weakness was in the key products of oil and gold as these two commodities declined by 2.4% and 4.3%, respectively. This led to losses in a variety of other resources as well as all of the softs and energy finished the day in the red, capped by 3% losses in both Kansas City wheat and soybeans. In [...]
Click here to read the original article on ETFdb.com.
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