Stocks are off to a shaky start this week as investors digested discouraging economic growth expectations from China. The Asian behemoth cut its growth goal down to 7.5%, previously at 8%, which inevitably caused concerns that spilled over onto Wall Street. The Nasdaq led the way lower, shedding 0.86% on the day, while the Dow Jones Industrial Average held its ground best, losing only 0.11%. Gold prices regained a bit of lost ground as equities inched lower; futures prices for the precious yellow metal settled near $1,705 an ounce as the trading session drew to a close [see ETF Insider: Did Wall Street Forget About Greece]. News of slower growth in China stole the headlines and economic data releases on the home front took a backseat on Monday. Investors payed little attention to the better-than-expected ISM non-manufacturing index results; growth in the domestic service sector came in at 57.3%, beating estimates of 55.5%, and [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Will Economic Data Derail The Bull Train? Daily ETF Roundup: VXX Surges On Greek Woes, FXI Falls On Negative Chinese Outlook Daily ETF Roundup: FXI Slumps On Risk Aversion, UNG Jumps On Cooler Weather ETF Insider: Will Euro Woes Rain On The Bull’s Parade? AdvisorShares Rolls Out Global Opportunities ETF (ACCU)
Stocks are off to a shaky start this week as investors digested discouraging economic growth expectations from China. The Asian behemoth cut its growth goal down to 7.5%, previously at 8%, which inevitably caused concerns that spilled over onto Wall Street. The Nasdaq led the way lower, shedding 0.86% on the day, while the Dow Jones Industrial Average held its ground best, losing only 0.11%. Gold prices regained a bit of lost ground as equities inched lower; futures prices for the precious yellow metal settled near $1,705 an ounce as the trading session drew to a close [see ETF Insider: Did Wall Street Forget About Greece]. News of slower growth in China stole the headlines and economic data releases on the home front took a backseat on Monday. Investors payed little attention to the better-than-expected ISM non-manufacturing index results; growth in the domestic service sector came in at 57.3%, beating estimates of 55.5%, and [...]
Click here to read the original article on ETFdb.com.
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