Flagship U.S. ETFs nudged lower on the first trading day of August, as below-par manufacturing and spending data as well as falling oil prices weighed on investors. SPDR S&P 500 (SPY), an exchange traded fund proxy for the broad market, shrank 1% in early afternoon trade, with the utility sector bucking the trend to notch a small gain. Energy was the biggest laggard among the nine Sector SPDR ETFs, taking a 2% hit. China ETFs led the decline in
No comments:
Post a Comment