The bears made an appearance on Wall Street on Tuesday as resurfacing Euro zone debt woes sparked a global sell-off. The Dow Jones Industrial Average gave into selling pressures, shedding a dismal 1.57% on the day, while the Nasdaq fared slightly better, turning in a loss of 1.36%. Gold failed to take on safe haven appeal and the precious metal plunged alongside stocks; futures prices for the yellow metal settled near $1,675 an ounce as the trading session drew to a close [see ETF Insider: Did Wall Street Forget About Greece?]. With no major economic data releases on the home front today, it’s no wonder that investors kept their eyes fixed on headlines from overseas. Aside from all of the uncertainty stemming from the upcoming Greek debt swap, investors were less than thrilled about the currency bloc’s latest GDP data. Economic growth in the Euro zone came in unchanged at [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Rises With Uncertainty, VGK Slips On Debt Drama Daily ETF Roundup: VXX Jumps With Uncertainty, VGK Drops On Greek Woes Daily ETF Roundup: VGK Climbs On Euro Hopes, VXX Sinks As Sentiment Improves Daily ETF Roundup: VXX Feeds On Market Woes, VGK Tanks On Europe Action Daily ETF Roundup: VGK Rises On Euro Stability, VXX Plunges On Improving Confidence
The bears made an appearance on Wall Street on Tuesday as resurfacing Euro zone debt woes sparked a global sell-off. The Dow Jones Industrial Average gave into selling pressures, shedding a dismal 1.57% on the day, while the Nasdaq fared slightly better, turning in a loss of 1.36%. Gold failed to take on safe haven appeal and the precious metal plunged alongside stocks; futures prices for the yellow metal settled near $1,675 an ounce as the trading session drew to a close [see ETF Insider: Did Wall Street Forget About Greece?]. With no major economic data releases on the home front today, it’s no wonder that investors kept their eyes fixed on headlines from overseas. Aside from all of the uncertainty stemming from the upcoming Greek debt swap, investors were less than thrilled about the currency bloc’s latest GDP data. Economic growth in the Euro zone came in unchanged at [...]
Click here to read the original article on ETFdb.com.
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