It was another choppy trading session on Wall Street today, with the Dow Jones Industrial Average posting its first three-day losing streak in 2013 and closing below 15,000 level. With no major economic news on tap for today, investors turned their attention once again to Fed tapering, with many speculating when exactly the central bank will begin scaling back bond purchases. And as Fed concerns heightened, investors put pressure on the U.S. dollar, which fell as low as $95.16 against the yen earlier in the session [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Dow Falls Below 15,000, XLY Slumps, TUR Jumps After yet another volatile session, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF shed 0.89%, after its underlying index fell more than 126 points to close below the 15,000 level. The S&P 500 ETF fell 0.83%, while the tech-heavy Nasdaq ETF slipped [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Reverse Losses To Close Higher Daily ETF Roundup: Historic Week Finishes On Upbeat Labor Data Daily ETF Roundup: Bulls Return On Encouraging Labor Data Daily ETF Roundup: FXG Pops On Safeway Acquisition, XLF Rallies Daily ETF Roundup: VXX Spikes On BOJ Worries, KBE Slumps
It was another choppy trading session on Wall Street today, with the Dow Jones Industrial Average posting its first three-day losing streak in 2013 and closing below 15,000 level. With no major economic news on tap for today, investors turned their attention once again to Fed tapering, with many speculating when exactly the central bank will begin scaling back bond purchases. And as Fed concerns heightened, investors put pressure on the U.S. dollar, which fell as low as $95.16 against the yen earlier in the session [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Dow Falls Below 15,000, XLY Slumps, TUR Jumps After yet another volatile session, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF shed 0.89%, after its underlying index fell more than 126 points to close below the 15,000 level. The S&P 500 ETF fell 0.83%, while the tech-heavy Nasdaq ETF slipped [...]
Click here to read the original article on ETFdb.com.
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