Big Oil hit the skids on Friday, weighing on ETFs tracking the Dow Jones Industrial Average as well as energy benchmarks. Major exchange traded funds holding U.S. and international stocks eked out narrow gains as upbeat news on employee costs and manufacturing rolled in. But the dollar bullish ETF fell amid soft data on wage growth. That dulls the likelihood of a September rate hike. IShares U.S. Energy (IYE) fell 1.5% to 19.94, leading energy
Friday 31 July 2015
Energy ETFs Whacked By Chevron, Exxon Mobil
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Big Oil hit the skids on Friday, weighing on ETFs tracking the Dow Jones Industrial Average as well as energy benchmarks. Major exchange traded funds holding U.S. and international stocks eked out narrow gains as upbeat news on employee costs and manufacturing rolled in. But the dollar bullish ETF fell amid soft data on wage growth. That dulls the likelihood of a September rate hike. IShares U.S. Energy (IYE) fell 1.5% to 19.94, leading energy
Big Oil hit the skids on Friday, weighing on ETFs tracking the Dow Jones Industrial Average as well as energy benchmarks. Major exchange traded funds holding U.S. and international stocks eked out narrow gains as upbeat news on employee costs and manufacturing rolled in. But the dollar bullish ETF fell amid soft data on wage growth. That dulls the likelihood of a September rate hike. IShares U.S. Energy (IYE) fell 1.5% to 19.94, leading energy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment