The largest U.S. exchange traded fund surrendered its gains for the year before recovering Thursday. Major stock ETFs got off to a weak start, heading toward their third consecutive day of losses. The Federal Reserve's coy stance on the exact timing of a rate lift-off, coupled with new lows in oil prices, rattled investors. Amid a sell-off in China and European equities, investors fled to haven assets. SDPR S&P 500 (SPY) dropped more than 1% on
Thursday 20 August 2015
SPY ETF Turns Negative For Year Before Clawing Back
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
The largest U.S. exchange traded fund surrendered its gains for the year before recovering Thursday. Major stock ETFs got off to a weak start, heading toward their third consecutive day of losses. The Federal Reserve's coy stance on the exact timing of a rate lift-off, coupled with new lows in oil prices, rattled investors. Amid a sell-off in China and European equities, investors fled to haven assets. SDPR S&P 500 (SPY) dropped more than 1% on
The largest U.S. exchange traded fund surrendered its gains for the year before recovering Thursday. Major stock ETFs got off to a weak start, heading toward their third consecutive day of losses. The Federal Reserve's coy stance on the exact timing of a rate lift-off, coupled with new lows in oil prices, rattled investors. Amid a sell-off in China and European equities, investors fled to haven assets. SDPR S&P 500 (SPY) dropped more than 1% on
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