Social Media Slump Spells Trouble for Nasdaq
April 29, 2014 at 07:00 AM EDT
The Global X Social Media Index ETF (NasdaqGM: SOCL) lost nearly 4% Monday on heavy volume, a decline that took the once high-flying ETF to its lowest levels in nine month. Ongoing retrenchment in social media and other momentum names is taking a toll on the Nasdaq. The Fidelity NASDAQ Composite...