The major index-tracking ETFs hiccupped Friday after two stellar trading sessions as consumer confidence eased to a three-month low in August. Exchange traded funds holding energy stocks had led the broad market higher around midday on the back of rising oil prices. By early afternoon, the market was losing ground again. SPDR S&P 500 (SPY) edged 0.2% higher intraday, but a bearish sign appeared on its chart. It entered the "Death Cross" as the
Friday 28 August 2015
A Warning Sign For S&P 500 ETF As Energy Stocks Lead
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
The major index-tracking ETFs hiccupped Friday after two stellar trading sessions as consumer confidence eased to a three-month low in August. Exchange traded funds holding energy stocks had led the broad market higher around midday on the back of rising oil prices. By early afternoon, the market was losing ground again. SPDR S&P 500 (SPY) edged 0.2% higher intraday, but a bearish sign appeared on its chart. It entered the "Death Cross" as the
The major index-tracking ETFs hiccupped Friday after two stellar trading sessions as consumer confidence eased to a three-month low in August. Exchange traded funds holding energy stocks had led the broad market higher around midday on the back of rising oil prices. By early afternoon, the market was losing ground again. SPDR S&P 500 (SPY) edged 0.2% higher intraday, but a bearish sign appeared on its chart. It entered the "Death Cross" as the
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