Halloween day was certainly a spooky one for investors, as one of the best months in years ended on a terrible note. The Dow surrendered over 275 points while the S&P 500 was the biggest loser with a near 2.5% decrease. What is perhaps more surprising is that the NASDAQ was the best performing of the three benchmarks; that index tends to underperform by comparison, so its win (by comparison) on the day is certainly a rare one. As for oil, it lost nearly 1%, though it is still holding on for dear life to its $90/barrel price. Finally, gold saw a down day, marking another bizarre performance as the safe haven metal usually exhibits low correlation to equities [see also New At ETFdb: ETF Scorecards Offer In-Depth Analysis And Ranking Of Every ETF]. Now that October is officially in the books, investor have been generally happy with the month. The S&P hasn’t had a [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: EWJ Continues Slide, VXX Skyrockets On Meltdown Fears Daily ETF Roundup: VXX Crumbles, EWJ Soars Daily ETF Roundup: VXX Sinks, EWJ Rises ETF Insider: Bulls Look To Sustain Momentum Three ETF To Watch This Week: EWU, TAN, VXX
Halloween day was certainly a spooky one for investors, as one of the best months in years ended on a terrible note. The Dow surrendered over 275 points while the S&P 500 was the biggest loser with a near 2.5% decrease. What is perhaps more surprising is that the NASDAQ was the best performing of the three benchmarks; that index tends to underperform by comparison, so its win (by comparison) on the day is certainly a rare one. As for oil, it lost nearly 1%, though it is still holding on for dear life to its $90/barrel price. Finally, gold saw a down day, marking another bizarre performance as the safe haven metal usually exhibits low correlation to equities [see also New At ETFdb: ETF Scorecards Offer In-Depth Analysis And Ranking Of Every ETF]. Now that October is officially in the books, investor have been generally happy with the month. The S&P hasn’t had a [...]
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