Selling pressures swept across Wall Street once again today, with the S&P breaking below the 1,500 level and the Dow declining more than 200 points. Sparking the selloff was investors’ heightened concerns over Italy’s parliamentary elections, which produced no clear winner. Given that Italy is the euro zone’s third largest economy, the country’s instability has led many to understandably question whether or not the currency bloc will be able to stem its financial crisis. In other economic news, the Federal Reseruve Bank of Dallas reported that business activity among Texas-area manufactures expanded at a slower rate in February than in the previous month [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Tumble On Italian Elections Following Italy’s parliamentary elections, all three major U.S. equity indexes fell to close in negative territory today. The S&P 500 ETF tumbled 1.90%, as its underlying index fell below the widely-watched [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks End Off Lows, Volatility Spikes Daily ETF Roundup: Stocks End Lower After Volatile Session Daily ETF Roundup: Stocks Post Worst One-Day Drop In 2013 Daily ETF Roundup: Stocks Pull Back On Fed And Lackluster GDP Daily ETF Roundup: Excitement Simmers On Mixed News
Selling pressures swept across Wall Street once again today, with the S&P breaking below the 1,500 level and the Dow declining more than 200 points. Sparking the selloff was investors’ heightened concerns over Italy’s parliamentary elections, which produced no clear winner. Given that Italy is the euro zone’s third largest economy, the country’s instability has led many to understandably question whether or not the currency bloc will be able to stem its financial crisis. In other economic news, the Federal Reseruve Bank of Dallas reported that business activity among Texas-area manufactures expanded at a slower rate in February than in the previous month [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Tumble On Italian Elections Following Italy’s parliamentary elections, all three major U.S. equity indexes fell to close in negative territory today. The S&P 500 ETF tumbled 1.90%, as its underlying index fell below the widely-watched [...]
Click here to read the original article on ETFdb.com.
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