Following a pair disappointing U.S. economic reports, Wall Street went on the defensive today, sparking a broad sell-off. The Institute for Supply Management’s reading on the U.S. non-manufacturing sector came in well below expectations, falling to its lowest level since August of 2012. This follows Monday’s ISM manufacturing report which showed that the manufacturing purchasing managers index fell to 51.3 in March from the previous month’s reading of 54.2. A disappointing private-sector jobs growth report also weighed heavily on the markets; data compiled by Automatic Data Processing and Moody’s Analytics showed an increase of 158,000 jobs in March, well below the expected 192,000 [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview:Stocks Close Sharply Lower Following today’s disappointing ISM and labor reports, all three major U.S. equity index tumbled to close in negative territory. The Dow Jones Industrial Average ETF fell 0.77%, as its underlying index shed more than 111 points. The S&P 500 ETF shed 1.01%, while the tech-heavy Nasdaq ETF slumped 0.91%. In Europe, markets were broadly [...] Click here to read the original article on ETFdb.com. Related Posts: The 10 Most Actively Traded ETFs In The World ETFs: The $10 Billion Club October ETF Data: Surge In Inflows, Back Above $1 Trillion Alternatives To The 20 Most Popular ETFs Daily ETF Roundup: Health Care Stocks Push Indexes To New Highs
Following a pair disappointing U.S. economic reports, Wall Street went on the defensive today, sparking a broad sell-off. The Institute for Supply Management’s reading on the U.S. non-manufacturing sector came in well below expectations, falling to its lowest level since August of 2012. This follows Monday’s ISM manufacturing report which showed that the manufacturing purchasing managers index fell to 51.3 in March from the previous month’s reading of 54.2. A disappointing private-sector jobs growth report also weighed heavily on the markets; data compiled by Automatic Data Processing and Moody’s Analytics showed an increase of 158,000 jobs in March, well below the expected 192,000 [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview:Stocks Close Sharply Lower Following today’s disappointing ISM and labor reports, all three major U.S. equity index tumbled to close in negative territory. The Dow Jones Industrial Average ETF fell 0.77%, as its underlying index shed more than 111 points. The S&P 500 ETF shed 1.01%, while the tech-heavy Nasdaq ETF slumped 0.91%. In Europe, markets were broadly [...]
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